Emirates Islamic Bank Achieves Record AED 2.2 Billion Profit in H1 2025 Amidst Strong Growth
Emirates Islamic Bank has reported a historic profit before tax of AED 2.2 billion for the first half of 2025, showcasing robust growth in income and deposits.
Summary
Emirates Islamic Bank reported a record profit before tax of AED 2.2 billion for H1 2025, driven by a 9% increase in total income to AED 2.9 billion. The bank's customer financing and deposits grew significantly, reflecting strong performance and market position.
Emirates Islamic Bank's Financial Performance Analysis for H1 2025
Emirates Islamic Bank (EIB) has delivered a record-breaking profit before tax of AED 2.2 billion for the first half of 2025, marking a significant achievement in the bank's financial history. This outstanding performance was propelled by a 9% year-on-year increase in total income, reaching AED 2.9 billion, driven by both funded and non-funded income streams.
Key Performance Indicators
| KPI | H1 2025 | H1 2024 | Change (%) |
|---|---|---|---|
| Total Income | AED 2.9 billion | AED 2.7 billion | 7.4% |
| Profit Before Tax | AED 2.2 billion | AED 1.7 billion | 29.4% |
| Net Profit | AED 1.863 billion | AED 1.664 billion | 12.0% |
| Customer Financing | AED 80 billion | AED 62 billion | 29.0% |
| Customer Deposits | AED 97.4 billion | AED 70 billion | 39.1% |
| Net Profit Margin | 3.74% | 4.56% | -18.0% |
Analysis of Financial Performance
The bank's financial performance was bolstered by a strong increase in customer financing, which rose by 13% to AED 80 billion. Additionally, customer deposits saw a remarkable 27% increase, reaching AED 97.4 billion, with current and savings account balances making up 65.5% of total deposits. These figures highlight EIB's strong liquidity position and its ability to meet customer demands.
Despite a 15% year-on-year increase in expenses, the bank's operating profit improved by 6%, demonstrating efficient cost management. The net profit margin remained healthy at 3.74%, although it showed a slight decrease from the previous year.
Conclusion
Emirates Islamic Bank's impressive financial results for the first half of 2025 reflect its robust market position and effective growth strategies. The significant increases in customer financing and deposits underscore the bank's ability to attract and retain customers in a competitive market. For investors, these results indicate a strong potential for future growth, although they should be mindful of the rising expenses and slight decline in net profit margin.
Source
Summary
The document is an unaudited group condensed consolidated interim financial statement for Emirates Islamic Bank, a public joint stock company. It covers the six-month period ending on June 30, 2025. The bank's head office is located on the 3rd floor of Building 16 in Dubai Health Care City, Dubai. Contact details include a telephone number, fax number, and a P.O. Box address in Dubai, United Arab Emirates. The bank's website is www.emiratesislamic.ae.
