Emirates Islamic has announced its highest-ever profit before tax of $871 million for the first nine months of 2025, showing a 15% increase from the previous year.
The bank’s total income rose 9% year-on-year to $1.23 billion, supported by both funded and non-funded income growth. Operating profit improved by 8%, while net profit climbed to $736 million, up 9% compared to the same period last year.
Customer financing surged 20% to $23.0 billion, while customer deposits also rose 20% to $25.0 billion. Current and savings accounts made up 70% of total deposits, reflecting a strong and stable funding base.
Total assets grew 24% to $37.6 billion, with a healthy financing-to-deposit ratio of 92% and a capital adequacy ratio of 18.8%, showing the bank’s robust capital position.
Chairman Hesham Abdulla Al Qassim said the record results highlight Emirates Islamic’s strong growth momentum and its commitment to innovation in Islamic finance.
The bank recently issued a $500 million Sustainability-Linked Sukuk, the first of its kind in the world attracting strong global investor interest and underscoring its leadership in sustainable finance.
Emirates Islamic also signed two strategic financing agreements worth $264 million with Taaleem, one of the UAE’s largest education providers supporting the country’s Higher Education 2030 strategy.
In the real estate sector, the bank provided project financing and escrow services to GJ Properties for The Biltmore Residences Al Sufouh, highlighting its role in Dubai’s growing luxury property market.
Chief Executive Officer Farid Al Mulla said Emirates Islamic’s strong capital and liquidity have allowed the bank to enhance products for retail, corporate, and SME customers.
He announced a new partnership with Amazon and Mastercard to launch the Amazon Emirates Islamic Mastercard Credit Card which is the first Amazon-branded credit card in the Middle East and North Africa. The card will offer exclusive lifestyle benefits and savings to customers in the UAE.
Emirates Islamic also marked Emirati Women’s Day with the “Pearls of the Nation” initiative, aimed at empowering Emirati women entrepreneurs.
The bank’s dedication to workplace culture and employee development was recognised with two awards at the Employee Happiness Awards 2025 Gold for Best Employee Driven Business Change and Silver for Best Women-in-Leadership Programme.
Key Highlights (Jan–Sept 2025)
- Profit before tax: $871 million (+15%)
- Total income: $1.23 billion (+9%)
- Customer financing: $23.0 billion (+20%)
- Customer deposits: $25.0 billion (+20%)
- Total assets: $37.6 billion (+24%)
- Net profit: $736 million (+9%)
- Net profit margin: 3.64%
- Non-performing financing ratio: 2.8%
- Capital adequacy ratio: 18.8%
Shahriena Shukri is a journalist covering business and economic news in Malaysia, providing insights on market trends, corporate developments, and financial policies. More about Shahriena Shukri.
