Dubai Islamic Bank

Dubai Islamic Bank (DIB) has successfully arranged a US$1 billion syndicated financing facility for the Government of Pakistan, in collaboration with regional and international financial institutions. The five-year facility, partially guaranteed by an Asian Development Bank (ADB) Policy-Based Guarantee, is notable for being the first of its kind by ADB for Pakistan. The financing includes an Islamic tranche structured as a Commodity Murabaha, representing 89% of the total facility, highlighting the demand for Shariah-compliant financing. DIB served as the Sole Islamic Global Coordinator and, along with Standard Chartered, as Joint Mandated Lead Arranger and Bookrunner. Other participating Islamic banks include Abu Dhabi Islamic Bank, Ajman Bank, and Sharjah Islamic Bank. This arrangement is seen as a boost to Pakistan's economic reform and expansion of Islamic finance.

Dubai Islamic Bank reported strong financial performance for the first quarter of 2025, highlighting its position as a leader in Islamic finance. The bank achieved a 14% year-on-year increase in pre-tax profit, reaching AED 2.1 billion, and a 5% year-on-year growth in operating revenue to AED 3.2 billion. The balance sheet expanded by 3% year-to-date to AED 355 billion, with a net financing portfolio growth of 5% year-to-date to AED 223 billion. Customer deposits grew by 7% year-to-date to AED 265 billion, with CASA balances increasing by 4% year-to-date to AED 99 billion, representing 37% of total deposits. Impairment charges decreased significantly by 45% year-on-year to AED 163 million. The results underscore the bank's strategic resilience and its influence in the global Islamic finance sector.

The document is a review report and condensed consolidated interim financial information for Dubai Islamic Bank P.J.S.C., covering the three-month period ending on March 31, 2025.