Emirates Islamic Reports Record AED 2.2 Billion Profit In H1 2025

Photo: Dubai Government Media Office 

Emirates Islamic, one of the UAE’s top Islamic banks, has shared its financial results for the first half of 2025. The bank reported its highest-ever profit before tax of AED 2.2 billion. This shows how well the bank is growing and serving its customers in the country.

Strong Growth In Profit And Income

During the first six months of 2025, Emirates Islamic’s total income rose by 9% compared to the same period last year. The bank earned AED 2.9 billion in total income. This growth happened because of an increase in both funded income (money earned from loans and financing) and non-funded income (money earned from fees and other services).

The bank’s operating profit also improved by 6% compared to last year. Its net profit reached AED 1.863 billion, which is 12% higher than the first half of 2024. The net profit margin remained healthy at 3.74%, showing how efficiently the bank is running its business.

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Increase In Customer Financing And Deposits

Emirates Islamic’s customer financing, which means the money it lends to customers for buying homes, cars, or for businesses, grew by 13% to AED 80 billion. This shows more people are trusting the bank for their financial needs.

The bank’s customer deposits grew even more strongly, increasing by 27% to AED 97.4 billion. Deposits are the money that customers keep in their bank accounts. A big part of these deposits (65.5%) are in Current and Savings Accounts. This is good because it gives the bank more stable money to use for lending and growth.

Increase In Total Assets And Strong Capital Position

The total assets of Emirates Islamic grew by 24% in the first half of 2025, reaching AED 138 billion. Assets include all the money and valuable things that the bank owns.

The bank’s capital adequacy ratio stands at 18.5%, and the Common Equity Tier 1 ratio is at 17.4%. These numbers show that the bank has strong and stable capital. This means it is financially safe and can handle any unexpected problems.

Credit Quality Remains Strong

Emirates Islamic’s non-performing financing ratio is at 2.8%, which means only a small part of the money it has lent is not being repaid on time. The bank also has a strong coverage ratio of 159.9%, which shows it has kept aside enough money to cover these bad loans.

Chairman’s Message On The Results

Hesham Abdulla Al Qassim, the Chairman of Emirates Islamic, shared his thoughts about the bank’s performance. He said:

• The bank achieved a record profit before tax of AED 2.2 billion, which is 19% higher than last year.

• Emirates Islamic is focusing more on technology, new services, and sustainability to serve its customers better.

• The bank wants to continue investing in digital solutions to help individual customers, small businesses (SMEs), and big companies.

• Emirates Islamic issued a USD 750 million Sukuk (Islamic bond) in the first half of 2025. This Sukuk was welcomed by investors in the region and across the world. It shows that many people trust Emirates Islamic.

• The bank partnered with Leonteq Securities AG to offer more Shariah-compliant wealth management products to its customers.

• Emirates Islamic also signed an agreement with DURAR OCTA to help manage finances for a new luxury real estate project in Ras Al Khaimah.

• The bank won many awards in the first half of 2025. It was named “The World’s Best Islamic Digital Bank” at the Euromoney Islamic Finance Awards. It also won awards for being the “Best Islamic Corporate Bank in the World” and “Best Islamic Financial Institution in the UAE” at the Global Finance Awards.

• Emirates Islamic is committed to helping UAE nationals grow in their careers. The bank’s Emiratisation rate is 42.3%, which means many of its employees are Emiratis. The bank wants to continue supporting and developing Emirati talent to become future leaders of the country.

CEO’s Comments On The Performance

Farid AlMulla, CEO of Emirates Islamic, also spoke about the results:

• He said the bank’s growth momentum continued strongly in the first half of 2025.

• The total assets grew by 24%, while customer financing increased by 13% and customer deposits rose by 27%.

• Emirates Islamic launched the ALPHA Youth Account to help young people learn about money management and become financially independent early in life.

• The bank also launched the Business Banking Diamond Account to help high-value SMEs manage their banking needs better.

• Emirates Islamic partnered with the Sharjah Real Estate Registration Department to make real estate registration and financing easier and faster for customers.

• The CEO said the bank values its employees a lot. It launched the “Let’s Create Bankers Initiative” to help Emirati employees learn and grow in their careers. Another programme called “EI Ambassadors” helps employees work with external partners on sustainability projects and community activities.

Future Plans And Commitment To UAE

Emirates Islamic wants to continue playing a big role in the UAE’s growth. The bank plans to:

• Invest more in digital banking to make services faster and easier for customers.

• Support SMEs and big companies with better banking products.

• Help young people learn about money so they can manage their finances wisely.

• Hire and train more UAE nationals to work in the banking sector.

• Launch new banking products that follow Islamic rules, so customers get the best options for their savings and investments.

Emirates Islamic had a very strong start to 2025, earning record profits, increasing customer deposits, and growing its assets. The bank is focusing on using technology to improve its services, supporting the UAE’s economy, and helping its customers and employees grow together. This makes Emirates Islamic a trusted bank for people and businesses in the UAE.