Emirates Islamic delivers highest-ever profit before tax of Dh3.2 billion for the first nine months

Profit before tax jumps 15% to Dh3.2 billion as financing and deposits rise 20%

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Nivetha Dayanand, Assistant Business Editor
Emirates Islamic delivers highest-ever profit before tax of Dh3.2 billion for the first nine months
Ahmed Ramzan/Gulf News

Dubai: Emirates Islamic reported its highest-ever profit before tax of Dh3.2 billion for the first nine months, up 15% year-on-year, supported by higher funded and non-funded income. Total income rose 9% to Dh4.5 billion, driven by solid growth across core business lines and a continued focus on innovation and customer service.

Customer financing grew 20% to Dh84.8 billion, reflecting strong demand across retail, corporate and SME segments. Deposits increased by the same rate to Dh92.4 billion, with current and savings accounts accounting for 70% of total deposits. Total assets rose 24% to Dh138 billion, while the bank maintained a net profit margin of 3.64% and a cost-to-income ratio of 29.9%, underlining operational efficiency.

Credit quality remained robust, with a non-performing financing ratio of 2.8% and a coverage ratio of 152.9%. Capital ratios were strong, with the Common Equity Tier 1 ratio at 17.7% and the capital adequacy ratio at 18.8%, reflecting a stable balance sheet and ample liquidity.

“Emirates Islamic has continued its growth momentum this quarter, and we are pleased to announce another record performance for the first nine months of 2025,” said Chairman Hesham Abdulla Al Qassim. The bank’s profit before tax grew by 15% to Dh3.2 billion, supported by higher funded and non-funded income,” he said.

He noted that the bank successfully priced a $500 million Sustainability-Linked Financing Sukuk, the first of its kind globally, underscoring its commitment to sustainable finance and investor confidence. The bank also strengthened its presence in key sectors, signing Dh968 million in financing agreements with Taaleem to support education projects, and providing strategic financing and escrow services for GJ Properties’ Biltmore Residences – Al Sufouh in Dubai’s real estate market.

Chief Executive Officer Farid AlMulla said the bank’s strong capital position and healthy deposit mix enabled it to deliver improved customer offerings and drive growth across its retail, corporate, and SME businesses.

The bank also strengthened its social and employee engagement initiatives, launching ‘Pearls of the Nation’ to support Emirati women entrepreneurs.

Nivetha Dayanand
Nivetha DayanandAssistant Business Editor
Nivetha Dayanand is Assistant Business Editor at Gulf News, covering aviation, financial markets and commodities. A business and financial journalist with a strong interest in multimedia storytelling, she regularly takes complex financial and economic subjects beyond the written word, producing explainer videos that make them easier for a wider audience to understand. Nivetha has interviewed senior policymakers, business leaders and global financial figures both on and off camera. Her past guests include UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri, Khaled bin Alwaleed Al Saud, a member of the House of Saud and the founder and CEO of KBW Ventures, Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund and Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu. She has also hosted and moderated panels, conferences and awards shows, bringing her newsroom experience to live conversations on business, finance and the economy. An Erasmus Mundus journalism alum, Nivetha is drawn to stories that affect people directly and to reporting that gives a platform to voices that might otherwise go unheard. She was among the first journalists to speak to Petrofac employees in the UAE about unpaid salaries, broke the news of the planned demolition of Dubai’s well-known “Toyota Building”, and helped set the record straight on widely circulated claims that a giant replica of the Moon was coming to Dubai. More recently, her exclusive interview with EDGE Group CEO Hamad Al Marar revealed how the UAE-based defence group deployed its systems along the country’s shore border and established a geofence around the UAE within 48 hours of the February 28 escalation. Prior to joining Gulf News, Nivetha worked at ITP Media, where she helped launch Finance Middle East, a new publication covering the region’s financial sector. Her role spanned reporting and editing, video production, interviews and events. Across print, digital, and video, she focuses on finding the people behind business stories and explaining why those stories matter to the audience reading or watching them.

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