Abu dhabi: Dubai Islamic Bank (DIB) reported a net profit after tax of AED3.736 billion for the first half of 2026, compared with AED3.73 billion in the same period last year, while pre-tax profit rose 1% year-on-year to AED4.334 billion.
According to Emirates News Agency, in a statement issued on Tuesday, the bank said gross revenue increased 10% year-on-year to AED12.439 billion, compared with AED11.354 billion in the corresponding period of 2025, supported by sustained growth across funded and non-funded income streams.
Operating profit rose to AED4.823 billion, while net financing assets grew 7% since the start of the year to AED281 billion, with AED43 billion in new financing recorded during the period. Customer deposits increased 2% to AED327 billion, while total assets reached AED423 billion.
Mohammed Ibrahim Al-Shaibani, Chairman of DIB, remarked on the challenging operating environment, with geopolitical developments and shifting rate expectations influencing global markets. He emphasized the UAE's resilience, supported by economic diversification and disciplined policy execution, noting Dubai's GDP reached AED232 billion in the first quarter of 2026, up 2.4% year-on-year.
Al-Shaibani highlighted DIB's first-half performance as a reflection of sound governance and balance sheet strength. He noted the successful issuance of $1 billion in Additional Tier 1 sukuk, which reaffirmed the bank's access to global capital markets and its strong credit profile.
Dr. Adnan Chilwan, Group CEO of DIB, emphasized the bank's strong performance, with revenue growth supported by both funded and non-funded income streams. Profitability remained robust, with operating profit rising to AED4.8 billion, pre-tax profit at AED4.3 billion, and post-tax profit stable at AED3.7 billion. Pre-tax return on tangible equity remained close to 20%.
Chilwan also noted measured balance sheet growth, driven by sustained financing demand across consumer and wholesale banking. Asset quality continued to improve, with the non-performing financing ratio improving to 2.4% and cash coverage standing at 122%.
The bank reported progress in its digital banking services, with a 16% rise in registered digital banking users year-on-year. In terms of sustainability, DIB provided AED3.1 billion in sustainable finance and AED2.1 billion in sustainability-linked financing since the beginning of the year.