Dubai Islamic Bank Achieves Record Revenue Milestone
Dubai Islamic Bank reports record revenues and asset growth, marking a significant financial achievement.
Summary
Dubai Islamic Bank posts record revenues of AED 9.7 billion, with total assets nearing AED 400 billion. Strong growth in customer deposits and asset quality improvements highlight a successful financial period.
Dubai Islamic Bank (DIB), a leading financial institution based in the United Arab Emirates, has announced a remarkable financial performance for the first nine months of 2025. The bank reported record revenues of AED 9.7 billion, marking a 6% year-over-year increase. This impressive growth has propelled DIB's pre-tax profits to AED 6.6 billion, a 10% rise compared to the previous year.
One of the standout achievements for DIB in this period is the significant growth in total assets, which have surged by 14% year-to-date, reaching AED 393 billion. This positions the bank on the cusp of crossing the AED 400 billion milestone, a testament to its robust financial health and strategic expansion efforts.
Customer deposits have also seen a substantial increase, crossing the AED 300 billion mark, representing a 21% growth year-to-date. This surge in deposits underscores the bank's strong customer confidence and its ability to attract and retain clients in a competitive market.
Asset quality has improved significantly, with a low non-performing financing (NPF) ratio of 3.13% and a high cash coverage ratio of 107%. These metrics indicate DIB's effective risk management strategies and its focus on maintaining a healthy balance sheet.
Operational efficiency has been a key focus for DIB, as evidenced by a cost-to-income ratio of 28.7%. The bank has managed to reduce impairment charges by 45% year-over-year to AED 292 million, further highlighting its prudent risk management practices.
Considering these strong financial metrics and the bank's strategic positioning, potential investors might consider holding their positions in Dubai Islamic Bank. The bank's consistent performance and robust asset growth suggest a stable outlook, though the future market conditions will play a crucial role in shaping its trajectory.
Source
Summary
Dubai Islamic Bank (DIB) reported record revenues of AED 9.7 billion for the first nine months of 2025, with a 10% year-over-year increase in pre-tax profit to AED 6.6 billion. The bank's total assets grew by 14% year-to-date, reaching AED 393 billion, nearing the AED 400 billion mark. Customer deposits rose by 21% year-to-date, surpassing AED 300 billion. DIB's asset quality improved, with a low non-performing financing (NPF) ratio and high coverage ratio. The bank achieved a 6% year-over-year increase in operating revenue, driven by growth in non-funded income, higher business volumes, and stable margins. Impairment charges decreased by 45% year-over-year, reflecting effective risk management. The cost-to-income ratio was 28.7%, indicating operational efficiency.
