DIB’s net financing assets grow 7% to Dh281 billion, with pre-tax profit hitting Dh4.3 billion.
Dubai Islamic Bank (DIB), the UAE’s largest Islamic bank by assets, delivered a strong performance in the first half of 2026, with gross revenue increasing 10 per cent year-on-year to Dh12.4 billion. The growth was driven by gains across both funded and non-funded income streams.
The bank reported pre-tax profit of Dh4.3 billion, while net financing assets rose 7 per cent year-to-date to Dh281 billion after providing Dh43 billion in new financing during the period.
Asset quality continued to strengthen, with the non-performing financing ratio improving to 2.4 per cent, while the cost of risk remained low at 28 basis points. Customer deposits increased to Dh327 billion, supported by strong capital and liquidity positions, with DIB’s Common Equity Tier 1 (CET1) ratio at 13 per cent and liquidity coverage ratio at 140 per cent.
“The first half of 2026 unfolded in a challenging operating environment, with geopolitical developments, shifting rate expectations and market confidence continuing to shape decision-making across global markets,” said Mohammed Ibrahim Al-Shaibani, Director-General of His Highness The Ruler’s Court of Dubai and Chairman of DIB.
“Against this backdrop, the UAE demonstrated continued resilience, supported by economic diversification, disciplined policy implementation and the strength of its financial sector. Dubai’s latest economic figures reflect this momentum, with GDP reaching Dh232 billion in the first quarter of 2026, representing year-on-year growth of 2.4 per cent.
“The board remains focused on ensuring that DIB grows with discipline rather than simply pursuing scale. In a changing economic cycle, maintaining asset quality, liquidity and capital strength is just as important as expanding the bank’s operations. These results demonstrate that growth has been achieved on a solid foundation, supported by prudent risk management and a business model rooted in Sharia-compliant banking.
“As the UAE continues to pursue its economic ambitions and strengthen its global position, DIB remains committed to contributing to this progress. Our priorities remain clear: protecting the bank’s strength, supporting the real economy, building deeper customer trust and continuing to advance Islamic finance as a competitive and responsible model for modern banking.”
Dr Adnan Chilwan, Group CEO of DIB, said the first-half results reflected the strength of the bank’s diversified earnings base and continued demand for its Sharia-compliant products and services.
Dr Chilwan said DIB’s profitability remained strong, with operating profit increasing 6 per cent year-on-year to Dh4.8 billion, supported by revenue growth, disciplined cost management and continued improvements in operational efficiency.
Pre-tax profit stood at Dh4.3 billion, while post-tax profit remained stable at Dh3.7 billion. Pre-tax return on tangible equity was maintained at close to 20 per cent, reflecting the quality of earnings and the bank’s focus on generating sustainable returns rather than simply expanding its balance sheet.
He highlighted continued improvements in asset quality as a key achievement in the current operating environment.
“The non-performing financing ratio improved to 2.4 per cent, cost of risk remained low at 28 bps and cash coverage stood at 122%,” he said. “These indicators reflect disciplined underwriting, active portfolio management and the quality of the bank’s financing book as we continue to grow.”
The successful issuance of DIB’s $1 billion Additional Tier 1 Perpetual Non-Call 6-Year Sukuk further reflected investor confidence in the bank’s credit strength while supporting its capital base.
Dr Chilwan said the bank’s priorities for the second half of the year remain focused on disciplined growth, revenue diversification, maintaining asset quality and investing in capabilities that enhance efficiency and customer service.
“With a resilient balance sheet and focused strategy, DIB is well placed to continue supporting customers, businesses and the wider economy through Islamic banking solutions that remain relevant, responsible and commercially competitive,” he said.
Consumer banking continued to record strong growth, with the portfolio expanding 12 per cent year-to-date to Dh86 billion, driven by broad demand across financing products. Personal finance volumes increased 30 per cent year-on-year, taking the portfolio beyond Dh30 billion and strengthening DIB’s position in the UAE personal finance market.
Local and international corporate financing assets reached Dh186 billion, rising more than 5 per cent year-to-date amid sustained demand from corporate and institutional clients.
DIB also strengthened its role in Islamic capital markets, participating in more than $20 billion of sukuk issuances and nearly $6 billion in syndicated financings across sovereigns, government-related entities, corporates and financial institutions.
Digital adoption continued to accelerate, with 83 per cent of new CASA customers onboarded through digital channels. The shift helped improve turnaround times while enhancing KYC processes and the overall customer onboarding experience.
The bank originated Dh3.1 billion in sustainable finance and Dh2.1 billion in sustainability-linked finance during the year-to-date period. It also launched Green Concierge, a sustainability platform designed to help clients with advisory support, financing readiness and structuring solutions as they progress with their transition plans.
