Dubai Islamic Bank (DIB), the United Arab Emirates’ largest Islamic bank by assets, reported a 7 percent year-on-year increase in gross revenues for the first nine months of 2026, reaching a record Dh18.6 billion. The growth reflects disciplined execution and an improving risk profile amid a dynamic economic environment.
Operating revenue for the period rose 3 percent to Dh9.9 billion, while operating profit before impairment charges increased 4 percent to Dh7.1 billion. Profit before tax stood at Dh6.6 billion, with profit after tax reported at Dh5.6 billion. Total assets grew 3 percent year to date, reaching Dh427 billion. Net financing assets showed robust growth, up nearly 10 percent to Dh287.1 billion, while net financing and sukuk investments increased 6 percent to Dh372.1 billion. Customer deposits edged up 1 percent to Dh323.5 billion.
The bank's financial resilience strengthened further, with the non-performing financing ratio improving to 2.4 percent. Capital ratios remained solid, with the Common Equity Tier 1 ratio rising to 13.4 percent and the capital adequacy ratio reaching 16.5 percent. The cost of risk was contained at 25 basis points.
DIB’s Chairman, Fadhel Abdulbagga Al Ali, attributed the positive results to strong institutional foundations, a clear strategic vision, and trust built over more than five decades. He emphasized the importance of customer focus, innovation, and the role of Islamic finance as key elements driving the bank’s growth trajectory. Al Ali highlighted plans to prioritize customer service by enhancing product offerings, accelerating technology adoption—including artificial intelligence—and expanding Islamic finance’s reach within the UAE and internationally.
Group Chief Executive Officer Dr. Adnan Chilwan pointed to consistent strategy execution as central to the bank’s performance. He underscored efforts to deepen customer relationships and improve service delivery across consumer and wholesale banking. Notable product launches in 2026 included an Off-Plan Home Finance proposition and a Millionaire Account, designed to meet evolving customer needs.
Looking ahead, Dr. Chilwan outlined the bank’s focus on sustaining quality growth, increasing operational efficiency, and further advancing its technology-enabled financial services. He emphasized a disciplined approach to decision-making to maintain momentum and deliver long-term value for stakeholders.
DIB also strengthened its funding base during the period, successfully issuing a $1 billion Additional Tier 1 sukuk that drew orders exceeding $2.3 billion. The bank’s debut $750 million syndicated Islamic financing facility attracted commitments of approximately $1.2 billion, highlighting investor confidence and diversification in funding sources.
Digital adoption remained strong, with approximately 1.2 million active digital users and 97 percent of customers transacting via digital channels. The Jaywan Debit Card continued to support the UAE’s national payments infrastructure, alongside ongoing investments in automation and responsible artificial intelligence.
Additionally, the bank originated Dh6.7 billion in sustainable and sustainability-linked financing and launched its first Youth Council aligned with the UAE’s National Youth Agenda 2031, aiming to foster talent development and future leadership within the sector.