Dubai: According to Emirates Islamic’s earnings report released on Thursday, the bank reported a 7% increase in operational profit to Dh1.1 billion for the first quarter of 2026 as a result of customers continuing to borrow and deposit more. The Islamic lender with headquarters in Dubai reported increased revenue from both lending and fees, increasing overall revenue by 6% year over year to Dh1.5 billion.
According to Hesham Abdulla Al Qassim, “Emirates Islamic’s financial results for the first quarter of 2026 reflect the nation’s financial resilience and preparedness through the current environment.” “We are happy to report that operating profit increased by 7% and total income increased by 6% year over year.”
Additionally, the bank’s balance sheet grew substantially. Customer financing increased by 6% to Dh94 billion, while total assets increased by 2.5% to Dh149 billion. Customer deposits rose by 7% to Dh109 billion, with current and savings accounts holding a sizable portion (66%), suggesting healthy liquidity. Despite the difficult environment, the bank continued to grow across important segments, according to CEO Farid AlMulla.
Deposits grew by 7%, but customer financing increased by 6%. With a capital adequacy ratio of 15.7%, he stated, “Our capital position remains extremely strong.” The bank’s stable asset quality was underscored by a decline in its non-performing financing ratio to 2.5%.
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