Dubai Islamic Bank UAE Posts AED 2.1 Billion Pre-Tax Profit in Q1 2025, Total Assets at AED 355 Billion

Dubai Islamic Bank (DIB) reported pre-tax profit of AED 2,108 million for the first quarter of 2025, a 14% increase year-on-year, while net profit after tax came in at AED 1,797 million, up 8% over the same period, the bank said in a statement published on its website. Total assets stood at AED 355 billion, a 3% rise year-to-date.

Customer deposits grew 7% year-to-date to AED 265 billion. The net financing portfolio rose 5% year-to-date to AED 223 billion.

ASSET QUALITY AND CAPITAL

DIB's non-performing financing ratio improved to 3.7%, while cash coverage was reported at 98%. The common equity tier 1 ratio stood at 13.4% and the overall capital adequacy ratio at 17.3%.

The gap between pre-tax profit growth of 14% and after-tax profit growth of 8% reflects a higher tax charge.

Dubai Islamic Bank was established in 1975 as the world's first full-service Islamic bank, with activities spanning retail, corporate, real estate and sukuk financing.