Post by : Badri Ariffin

Emirates Islamic has marked a historic milestone in the first nine months of 2025, announcing a record AED 3.2 billion profit before tax, reflecting robust growth across its banking operations. Total income rose by 9% year-on-year to AED 4.5 billion, driven by higher funded and non-funded income, highlighting the bank’s strong position in the UAE’s Islamic banking sector.

Financial Highlights

• Customer Financing Growth: Increased by 20% to AED 84.8 billion, underlining strong demand for Sharia-compliant financial solutions.

• Customer Deposits: Rose 20% to AED 92.4 billion, with current and savings accounts accounting for 70% of the total deposits.

• Total Assets: Expanded 24% to AED 138 billion, reflecting the bank’s robust balance sheet and capital strength.

• Net Profit: Climbed 9% to AED 2.7 billion, with a healthy net profit margin of 3.64%.

• Credit Quality: Maintained high standards with a non-performing financing ratio of 2.8% and coverage ratio of 152.9%.

• Capital Position: CET1 ratio at 17.7% and capital adequacy ratio at 18.8%, ensuring stability and resilience.

Innovation and Strategic Initiatives

Emirates Islamic has expanded its footprint in sustainable finance, successfully issuing a USD 500 million Sustainability-Linked Sukuk, the first of its kind globally. The bank also signed AED 968 million strategic financing agreements with Taaleem, supporting the growth of the UAE’s education sector.

In the real estate sector, Emirates Islamic facilitated strategic project financing for The Biltmore Residences in Dubai, catering to elite and international buyers. Furthermore, the bank partnered with Amazon and Mastercard to launch the Amazon Emirates Islamic Mastercard Credit Card, offering exclusive lifestyle benefits to UAE customers.

Employee and Community Engagement

The bank actively promotes workplace inclusivity and employee engagement. It marked Emirati Women’s Day with initiatives to empower women entrepreneurs and won accolades at the Employee Happiness Awards 2025, reflecting its commitment to nurturing talent and fostering an inclusive work culture.

Emirates Islamic’s performance in 2025 underscores its ability to combine growth, innovation, and financial resilience, strengthening its leadership in the UAE’s Islamic banking sector.