Dubai, UAE – Dubai Islamic Group announced strong financial results during the first half of 2026, supported by revenue growth and improved asset quality. Total revenues increased by 10% year-on-year, reaching AED 12.4 billion. Supported by continued growth in financing and non-financing sources of income, Dubai Islamic Bank’s net profits reached AED 3.736 billion in the first half. Compared to 3.730 billion dirhams in the first half of 2025.
Operating profits rose by 6% year-on-year to AED 4.8 billion, supported by revenue growth and continued operational efficiency. Pre-tax profits amounted to 4.3 billion dirhams, with a return on tangible property rights before tax of approximately 20%. Reflecting the flexibility and sustainability of Dubai Islamic Islam’s profit sources.
Improvement in the quality of assets
In terms of asset quality, Dubai Islamic continued to record an improvement in asset quality, with the proportion of non-operating financing declining to 2.4%, a decline of 30 basis points since the beginning of the year. While the cost of risk stabilized at a low level of 28 basis points. Reflecting the quality and durability of the financing portfolio.
Dubai Islamic also maintained a strong cash coverage rate of 122%, up 200 basis points since the beginning of the year. While the overall coverage rate stabilized at 158%.
Increase in traders’ deposits
Traders’ deposits increased by 2% since the beginning of the year, reaching 327 billion dirhams. Supported by continued momentum in attracting traders and growth in current and savings account balances. Which amounted to 112 billion dirhams, an increase of more than 1% since the beginning of the year.
Net financing assets have increased by 7% to date, reaching AED 281 billion. Reflecting the continued strong momentum in financing activities across the Bank’s key sectors. Supported by strong demand across the retail and enterprise banking sectors. With total new financing worth AED 43 billion recorded during the period.
Revenue growth, discipline in cost management, and lower cost of risk contributed. In achieving pre-tax profits amounting to 4.3 billion dirhams. While the return on tangible property rights before tax remained at 20%.
Dubai Islamic maintained its strong capital position and liquidity. The first part of the joint capital (CET1) amounted to 13%, and the liquidity coverage ratio (LCR) amounted to 140%. While traders’ deposits rose to 327 billion dirhams.
This continued growth reflects the bank’s strong institutional excellence and its ability to meet the needs of its clients. And support them across various key business sectors.
