Dubai Islamic Bank Posts Revenue of $1.74 Billion

Dubai Islamic Bank (DIB) has showcased another robust performance in the first half of 2025, with an operating revenue of $1.74 billion, driving a 16% y-o-y increase in pre-tax profit to $1.17 billion due to strong core business growth, non-funded income and lower credit costs.

Double-digit growth in financing and deposits, coupled with improved asset quality, underpinned another historic milestone as the total assets grew balance sheet Balance sheet expanded by 8% year-to-date (y-t-d) surpassing the $100 billion mark, while it has successfully executed its growth story with net financing assets grew by 12% y-t-d, DIB said in a bourse filing with Dubai Financial Market (DFM) on Thursday.

Robust growth in net financing and Sukuk portfolio achieved on the back of higher gross new underwriting in H1 of 2025 of more than $16.34 billion. Net profit grew to $1.01 billion as core business momentum continues, reflecting an improvement in cost of risk.

The impairment charges declined 61% y-o-y to $69.71 million, driven by prudent underwriting and effective risk management, further contributing to growing profitability.

On the wholesale front, both local and cross-border businesses contributed to this growth across sectors such as sovereigns, utilities, and aviation. The consumer business also recorded solid growth across all product lines.

Customer deposits rose 14% y-t-d to $77.33 billion, underpinned by robust customer acquisition and retention. CASA balances too grew 8% y-t-d to $27.77 billion, now accounting for 36% of total deposits.

Looking ahead, DIB will scale its AI capabilities to not only unlock deeper insights, faster execution, and greater inclusion across all segments, but ultimately to drive our ethos of creating “Happiness with Tech.”

Business Performance

Local and cross-border corporate banking portfolio reached $45.2 billion, up 11% y-t-d and total gross new underwriting in H1-2025 amounted to $8.44 billion, 78% higher than H1-2024. Growth was largely driven by strong demand across key sectors, including utilities, aviation, and financial services among others.

The bank’s customer base in the UAE surpassed 1.6 million, marking a 4% y-t-d increase, 80% of the new clients were onboarded through digital channels.

DIB is fully committed to the UAE’s national agenda of mobilising $270 billion in sustainable finance by 2030, and continues to expand its portfolio of sustainable assets, recording $740 million in new financing. This was in addition to facilitating nearly $3.81 billion in Islamic capital market issuances (Sukuks) within the green and sustainability space.

A Landmark Year

DIB celebrated its 50^th anniversary this year, a historic milestone reflecting five decades of pioneering Shariah-compliant banking. Since its inception in 1975, DIB has played a leading role in shaping the global Islamic finance landscape and now serves more than 5 million customers globally. The year also witnessed the unveiling of a new corporate identity, reinforcing a vision centred on innovation, sustainability, and purpose-driven growth.

Responsible Growth

Mohammed Ibrahim Al Shaibani, Director-General of His Highness The Ruler’s Court of Dubai and Chairman of DIB, said that the strength of an economy is measured by its capacity to grow responsibly, remain rooted in core principles, and maintain stability amid change.

The UAE has consistently exemplified these attributes. In the face of evolving global dynamics, it continues to stand as a model of resilience and foresight, underpinned by leadership that harmonises ambition with purpose.

The financial sector plays a central role in reinforcing this foundation. Within it, DIB has sustained its performance through sound governance and a steadfast commitment to value-based banking. The results delivered in the first half of the year reflect a legacy of progress shaped by five decades of alignment with the nation’s development agenda, he averred.