Abu Dhabi Islamic Bank reported a record net profit before tax of AED 4.3 billion for the first half of 2026, an increase of 9% on the same period a year earlier, according to the bank's results announcement on 29 July.
The Sharia-compliant lender said its return on equity for the period stood at 28%, and chairman Jawaan Awaidah Al Khaili said the bank had delivered "industry-leading profitability".
RETURN ON EQUITY OF 28%
Revenue rose 9% to AED 6.5 billion, with funded income up 14% to AED 4.1 billion and non-funded income up 3% to AED 2.4 billion, while the cost-to-income ratio was 29%.
ADIB said the performance was supported by strong customer financing growth, solid asset quality and diversified revenue streams. Impairment charges were broadly stable at AED 301 million, a cost of risk of 33 basis points, and the non-performing asset ratio fell to a record low of 2.2%.
Total assets rose 17% to AED 304 billion, passing AED 300 billion for the first time, and customer deposits grew 15% to AED 246 billion.
STRONG FINANCING GROWTH AND CUSTOMER ACQUISITION
Gross customer financing increased 26%, an additional AED 43 billion compared with a year earlier, and the bank added 125,000 new customers in the half.
Second-quarter profit before tax rose 6% from the previous quarter to AED 2.2 billion.
The bank's shares are listed on the Abu Dhabi Securities Exchange. The bank is regulated by the Central Bank of the UAE and its Islamic banking business is overseen by its Internal Sharia Supervision Committee, in line with the country's regulatory framework for Sharia-compliant lenders.
Group CEO Mohamed Abdelbary said: "Our results demonstrate the quality and sustainability of ADIB's earnings, supported by strong funding and liquidity, disciplined risk management, continued market share gains and a healthy growth pipeline across both retail and wholesale banking." Outside the UAE, ADIB has operations in Egypt, Iraq, Qatar and the United Kingdom.