Emirates Islamic Posts remarkable AED 2.2 billion Profit Pre-Tax in the First Half of 2025, driven by robust increase in income and deposits.
Emirates Islamic Bank has demonstrated impressive strategic growth initiatives and exceptional financial performance in the first half of 2025. The bank reported a record profit before tax of AED 2.2 billion, marking a 19% year-on-year increase[1][2][4].
Financial Highlights
Key financial highlights include:
- Customer financing growth of 13% to AED 80 billion[1].
- Customer deposits surged 27% to AED 97.4 billion, with 65.5% of deposits in current and savings accounts, providing a stable, low-cost funding base[1][5].
- Strong capital resilience with a Tier 1 ratio of 17.8% and a Cost-to-Income ratio of 30.7%, supporting operational efficiency and sustainability[3].
Financial Performance
Total income increased by 9% year-on-year to AED 2.9 billion, with total assets growing significantly by 24% to AED 138 billion[1][4]. The bank maintained a non-performing financing ratio of 2.8%[1][5]. Operating profit improved by 6%, despite expenses rising by 15% due to continued investments in growth and technology[1]. Net profit for the period stood at AED 1.863 billion, up 12% year-on-year[1]. The bank's healthy net profit margin is 3.74%[1].
Strategic Initiatives
Recent strategic initiatives focus extensively on digital innovation and sustainability, aligned with a long-term vision for Islamic banking. The bank launched Shariah-compliant digital solutions such as the ALPHA Youth Account to promote early financial literacy among youth[1]. It also introduced the Business Banking Diamond Account tailored for high-value SMEs[1][5]. Emirates Islamic expanded Shariah-compliant wealth management offerings via a partnership with Leonteq Securities AG[2][4][5]. The bank collaborated with DURAR OCTA on financial services for a major real estate project in Ras Al Khaimah[2][4][5].
ESG Principles and Community Engagement
Emirates Islamic successfully issued a USD 750 million Senior Unsecured Sukuk, reflecting strong investor confidence in the bank's growth trajectory and adherence to ESG principles. This issuance attracted USD 1.6 billion in demand[2][3][5]. The bank has a 42.3% Emiratisation rate, with employee sustainability initiatives like the “EI Ambassadors Programme”[1][5]. Emirates Islamic also donated AED 37 million to the Emirates Islamic Charity Fund[1][5].
Recognition and Awards
The bank's leadership and innovation have been recognised with multiple awards, such as the World’s Best Islamic Digital Bank at the Euromoney Islamic Finance Awards and "Best Islamic Corporate Bank in the World" by Global Finance[2][4].
Conclusion
Overall, Emirates Islamic’s recent growth reflects a strong blend of financial robustness, strategic market positioning, a deep commitment to technological advancement, and sustainability aligned with UAE’s national priorities, which underpin its leading role in the UAE’s Islamic finance sector[3][5]. The bank's CEO, Farid AlMulla, emphasised the bank's dual focus on financial performance and community engagement[1]. Chairman Hesham Abdulla Al Qassim highlighted the bank's robust performance and ongoing digital transformation[1].
- Emirates Islamic Bank's strategic growth initiatives and financial performance in the first half of 2025 demonstrate a significant investment in technology.
- The bank's impressive financial growth includes a 13% increase in customer financing and a 27% surge in customer deposits, primarily in current and savings accounts.
- The bank's focus on sustainability is evident in its launch of Shariah-compliant digital solutions such as the ALPHA Youth Account, aimed at promoting financial literacy among youth.
- Emirates Islamic's commitment to community engagement is reflected in its 42.3% Emiratisation rate and initiatives like the “EI Ambassadors Programme”.
- The bank's adherence to ESG principles is evident in its successful issuance of a USD 750 million Senior Unsecured Sukuk, attracting USD 1.6 billion in demand.
- The bank's strong financial performance has earned it recognition as the World’s Best Islamic Digital Bank and the Best Islamic Corporate Bank in the World.
- Emirates Islamic's CEO, Farid AlMulla, emphasizes the bank's dual focus on financial performance and community engagement, aligning with UAE’s national priorities and underpinning its leading role in the UAE’s Islamic finance sector.
