Dubai Islamic Bank (DIB) reported first-half 2026 gross revenue of AED 12.4 billion on 14 July, up 10% year on year, while pre-tax profit rose 1% to AED 4.3 billion and post-tax profit was stable at AED 3.7 billion.
Gross funded income increased 10% to AED 10.2 billion and non-funded income rose 7% to AED 2.2 billion. Operating profit grew 6% to AED 4.8 billion, and the cost-to-income ratio stood at 29.0%. The net profit margin was 2.4%, down 30 basis points year on year, which the bank attributed primarily to the higher funding cost environment across the sector.
BALANCE SHEET GROWTH
Total assets reached AED 423 billion at 30 June, up 2% since the start of the year. Net financing assets grew 7% year to date to AED 281 billion, supported by AED 43 billion of new gross financing across consumer and wholesale banking, and customer deposits rose 2% to AED 327 billion. Current and savings account balances reached AED 112 billion.
ASSET QUALITY IMPROVES
The non-performing financing ratio fell 30 basis points year to date to 2.4%, and the cost of risk was 28 basis points. Cash coverage rose to 122%, while total coverage stood at 158%.
The Common Equity Tier 1 ratio was 13.0% and the capital adequacy ratio 16.1%, with a liquidity coverage ratio of 140%. During the period the bank issued a $1 billion Additional Tier 1 perpetual sukuk, non-callable for six years.
Group Chief Executive Officer Adnan Chilwan said growth "was supported by both funded and non-funded income streams, reflecting the breadth of earnings across the franchise".