Strong Financing Growth And Resilient Capital Ratios

Dubai Islamic Bank, the largest Islamic bank in the UAE by total assets, reported a seven percent year-on-year increase in gross revenue to reach Dh18.6 billion for the first nine months of 2026. Supported by disciplined strategy execution and an improving credit risk profile, operating revenue climbed three percent to Dh9.9 billion. Operating profit before impairment charges rose four percent to Dh7.1 billion, while pre-tax profit reached Dh6.6 billion and net profit after tax stood at Dh5.6 billion. The bank's balance sheet expanded steadily, with total assets rising three percent year-to-date to reach Dh427 billion. Net financing assets surged nearly 10 percent to Dh287.1 billion, while combined net financing and sukuk investments grew six percent to Dh372.1 billion alongside Dh323.5 billion in customer deposits. Furthermore, DIB reduced its non-performing financing ratio to 2.4 percent while lifting its Common Equity Tier 1 ratio to 13.4 percent and its capital adequacy ratio to 16.5 percent.

Leadership Prioritizes Customer Innovation And AI

DIB Chairman Fadhel Abdulbaqi Al Ali credited the bank's five decades of institutional trust for providing a strong foundation for future expansion. He emphasized that DIB's next chapter will focus on placing customers at the center of operations and accelerating the adoption of artificial intelligence to deliver faster, smarter Islamic banking services. Group Chief Executive Officer Dr. Adnan Chilwan noted that consistent execution across both consumer and wholesale banking drove the nine-month performance. Dr. Chilwan highlighted strong market reception for new customer propositions, including the Off-Plan Home Finance product and the Millionaire Account, as the bank deepens client relationships heading into the final quarter of 2026.

Record Sukuk Demand And Sustainable Finance Milestones

International investor appetite for DIB's debt issuances remained robust throughout the reporting period. The bank's $1 billion (Dh3.67 billion) Additional Tier 1 sukuk attracted an order book exceeding $2.3 billion, while its debut $750 million syndicated Islamic financing facility secured roughly $1.2 billion in commitments. Digitally, DIB now serves 1.2 million active users with 97 percent of customer transactions completed through digital channels, supported by the rollout of the national Jaywan Debit Card. The bank also originated Dh6.7 billion in sustainable financing and established its inaugural Youth Council in alignment with the UAE National Youth Agenda 2031. Follow corporate earnings, banking trends, and Islamic finance developments across the region. Visit our business section today at The WAU.

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