Abu Dhabi Islamic Bank (ADIB) has delivered strong and sustainable growth for the first half of 2026, with net profit before tax rising 9% year-on-year to AED 4.3 billion and net profit after tax increasing 8% to AED 3.8 billion. The Bank also crossed the AED 300 billion total assets milestone for the first time in its history, underscoring the continued strength of its franchise and sustained business momentum.
Total revenues grew 9% year-on-year to AED 6.5 billion, driven by a 14% rise in funded income to AED 4.1 billion and a 3% increase in non-funded income to AED 2.4 billion, which now represents 37% of total revenues. The Bank maintained a net profit margin of 3.78% and a cost-to-income ratio of 29.0%, reflecting disciplined cost management alongside continued investment in talent, technology and digital capabilities. The Bank added 125,000 new customers during the period, supporting balance sheet expansion and reinforcing the strength of its franchise.
On the balance sheet, total assets reached AED 304 billion, up 17% year-on-year. Gross customer financing grew 26% to AED 210 billion, while customer deposits rose 15% to AED 246 billion. Current and savings accounts maintained one of the highest CASA ratios in the sector at 64% of total deposits, reflecting strong customer confidence and a stable funding profile.
Asset quality continued to strengthen, with the non-performing asset ratio declining to a record low of 2.2%, and provision coverage excluding collateral rising to 108.1% from 85.3% a year ago. Cost of risk stood at 33 basis points, remaining well within the Bank’s guidance. The Bank maintained a solid capital position with a capital adequacy ratio of 15.6% and return on equity of 28.2%.
H.E. Jawaan Awaidah Al Khaili, Chairman of ADIB, said: “Surpassing AED 300 billion in assets for the first time marks a significant milestone in ADIB’s growth journey and reflects the strength of our franchise, the trust of our customers, the resilience of the UAE economy and our ability to deliver industry-leading profitability while maintaining a strong funding profile, robust asset quality and a healthy growth pipeline.”
Mohamed Abdelbary, Group Chief Executive Officer, 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.”
