Dubai Islamic Bank Posts AED 2.1 Billion Profit as Earnings, Deposits Climb
The rise was fueled by growth in high-quality earning assets and a solid boost in customer deposits.
Operating revenues rose 5% year-on-year to AED 3.15 billion, while post-tax net profit reached AED 1.8 billion, up 8% from the same period last year. The bank's total assets grew by 3% year-to-date, reaching AED 355 billion.
DIB's net financing and sukuk investments increased to AED 307 billion, with net financing alone growing nearly 5% to AED 223 billion. Customer deposits saw a significant rise, climbing over 7% to AED 265 billion, reinforcing the bank's liquidity and lending capacity.
Capital strength remained solid, with a Common Equity Tier 1 (CET1) ratio of 13.4% and a Capital Adequacy Ratio (CAR) of 17.3%, both comfortably above regulatory thresholds.
The results highlight DIB's continued resilience and strategic focus as it expands its role in shaping the global Islamic finance landscape.
News Source: Emirates News Agency
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