Emirates Islamic reported a 7 percent increase in operating profit to 3.3 billion dirhams for the first nine months of 2026, driven by growth in fee-based income, customer financing, and deposits. The Dubai-based Islamic bank’s total income rose 6 percent year-on-year to 4.7 billion dirhams, supported by stronger financing income and non-funded income streams. Despite these gains, net profit held relatively steady at 2.7 billion dirhams.

Operating expenses for the period increased by 5 percent to 1.4 billion dirhams, reflecting continued investments in business expansion and strategic initiatives. Impairment allowances were reported at 41 million dirhams, with a net profit margin of 3 percent.

Total assets at Emirates Islamic grew by 8.6 percent during the first nine months of the year, reaching 158.3 billion dirhams. This growth was supported by advances across its retail, corporate, and small business segments. Customer financing rose 14.4 percent to 101.6 billion dirhams, while deposits increased by 13.4 percent to 115.8 billion dirhams. Of these deposits, current and savings accounts made up 63.2 percent, providing the bank with a stable source of customer funding.

The lender maintained a non-performing financing ratio of 2.4 percent, with a coverage ratio of 151.5 percent, indicating a solid level of loan loss reserves. Its capital position remained robust, with a Common Equity Tier 1 (CET1) capital ratio of 15.1 percent and an overall capital adequacy ratio of 16.2 percent, ensuring capacity to support continued financing growth.

Hesham Abdulla Al Qassim, Chairman of Emirates Islamic, emphasized the bank’s focus on sustainable growth, risk management, and capital allocation. He noted that these priorities align with the UAE Islamic Finance and Halal Industry Strategy 2025–2031 and would enable the bank to continue supporting its customers and contribute to the broader development of Islamic finance in the region.