Dubai Islamic Bank (DIB), the UAE global Islamic bank, has reported a strong performance for the first nine months of 2026, with gross revenue rising 7 % YoY to AED 18.6 billion. Operating profit before impairment charges increased 4 % to AED 7.1 billion, supported by growth in funded income, financing activity and continued execution of the bank’s strategy.
Total assets reached AED 427 billion, while net financing assets grew 10 % YTD to AED 287.1 billion. Asset quality also improved, with the non-performing financing (NPF) ratio declining to 2.4 %, alongside stronger capital ratios. The results reflect DIB’s continued focus on disciplined growth, customer relationships and financial resilience.
Strong Revenue Growth and Profitability
DIB maintained steady earnings momentum during the first nine months of 2026:
- Gross revenue: AED 18.6 billion, up 7% YoY
- Operating revenue: AED 9.9 billion, up 3%
- Operating profit before impairment charges: AED 7.1 billion, up 4%
- Profit before tax: AED 6.6 billion
- Profit after tax: AED 5.6 billion
- Cost-to-income ratio: 28.1%
Gross funded income increased 8 % to AED 15.5 billion, while non-funded income reached AED 3.1 billion. The bank continued to benefit from growth across its core businesses and disciplined cost management.
Financing Growth and Balance Sheet Expansion
The bank continued to expand its financing portfolio while maintaining a strong funding base.
- Total assets: AED 427 billion, up 3% YTD
- Net financing assets: AED 287.1 billion, up 10% YTD
- Net financing and Sukuk investments: AED 372.1 billion, up 6% YTD
- Customer deposits: AED 323.5 billion, up 1% YTD
- Current and savings account (CASA) balances: AED 111 billion, representing 34% of customer deposits
DIB recorded nearly AED 69 billion in gross new financing underwriting during the period. It also completed its debut USD 750 million syndicated Islamic financing facility in September, attracting approximately USD 1.2 billion in commitments and diversifying its institutional funding sources.
Asset Quality and Capital Position Strengthen
DIB continued to improve its asset quality while reinforcing its capital position.
- Non-performing financing ratio: 2.4%, down 30 basis points YTD and 70 basis points YoY
- Cash coverage ratio: 123%
- Total coverage ratio: 155%
- Cost of risk: 25 basis points
- Common Equity Tier 1 (CET1) ratio: 13.4%
- Capital adequacy ratio (CAR): 16.5%
- Liquidity coverage ratio (LCR): 126%
- Net stable funding ratio (NSFR): 105%
The improvement in asset quality reflects the bank’s prudent underwriting standards and disciplined risk management framework, while stronger capital ratios support its continued growth ambitions.
Management Commentary
Mr. Fadhel Abdulbaqi Al Ali, Chairman, DIB said:
“Our next chapter will be defined by how effectively we serve our customers, embrace innovation and realise the wider potential of Islamic finance.”
Dr. Adnan Chilwan, Group Chief Executive Officer, DIB said:
“Our ambition is to translate consistent growth into better customer experiences, greater efficiency and a stronger institution for the future.”
Business and Strategic Highlights
DIB continued to strengthen its consumer and wholesale banking businesses, introduce new customer propositions and advance its digital and sustainability initiatives.
Consumer Banking
Gross new consumer financing reached AED 31 billion, up 15 % YTD. The gross consumer financing portfolio exceeded AED 93 billion, representing 18 % growth YTD, with personal finance increasing 23 % and home finance rising 20 %.
The bank introduced its Off-Plan Home Finance proposition in August, offering Shariah-compliant financing for eligible customers purchasing properties under construction. In September, it launched the Millionaire Account, expanding its savings proposition.
Wholesale Banking and Treasury
Gross new wholesale financing, including Treasury, approached AED 38 billion during the nine-month period. The gross corporate portfolio reached nearly AED 200 billion, while net corporate financing assets stood at AED 187 billion, up 6 % YTD.
Digital Banking and Innovation
DIB’s digital active user base reached approximately 1.2 million, with 97 % of customers transacting digitally during the period. The launch of the Jaywan Debit Card in July further supported the development of the UAE’s national payments infrastructure.
Sustainable Finance and Talent Development
The bank originated AED 6.7 billion in sustainable and sustainability-linked financing across aviation, real estate, transport, clean energy and the circular economy. DIB also launched its first Youth Council in August, creating a platform for young employees to contribute to customer experience, innovation and organisational development.
