Emirates Islamic reported a record profit before tax of AED 3.9 billion ($1.1 billion) for 2025, representing a 26% year-on-year increase, driven by strong revenue growth across all business segments. Total income rose 11% to AED 6.0 billion ($1.6 billion), supported by higher funded and non-funded income. The bank’s balance sheet expanded significantly during the year, with total assets increasing by 31.2% to AED 146 billion ($39.8 billion). Customer financing grew by 26% to AED 89 billion ($24.2 billion), while customer deposits increased by 33% to AED 102 billion ($27.8 billion), underpinned by a strong current and savings account mix representing 67% of total deposits. Net profit rose 19% year on year to AED 3.3 billion ($0.9 billion), reflecting sustained business momentum. Operating expenses increased by 14% as the bank continued to invest in technology, talent and digital capabilities. Impairment allowances declined by 68% year on year, supported by improvements in credit quality. Asset quality remained resilient, with the non-performing financing ratio improving to 2.6% and a healthy coverage ratio of 152.1%. The bank maintained a robust capital position, with a Tier 1 ratio of 14.7% and a capital adequacy ratio of 15.8%. The financing-to-deposit ratio stood at 87%, highlighting a strong liquidity profile. Chairman’s comments Hesham Abdulla Al Qassim, Chairman of Emirates Islamic, said: “Emirates Islamic concluded 2025 with a record financial performance, driven by strong growth across our core customer segments and product offerings. This performance reflects sustained momentum throughout the year, supported by a resilient balance sheet and disciplined execution. “As the bank marks more than 20 years of operations, we continue to strengthen customer trust by delivering relevant Shariah-compliant solutions that support individuals and businesses across sectors. We intend to play a leading role in the UAE’s Islamic Finance and Halal Industry Strategy, leveraging our scale, innovation and expanding product suite. “Our people remain central to our success. Through continued investment in Emiratisation and talent development, we are reinforcing our contribution to national economic priorities and positioning the bank for long-term sustainable growth.” Chief executive’s comments Farid AlMulla, Chief Executive Officer of Emirates Islamic, said: “Emirates Islamic delivered an outstanding performance in 2025, with total assets growing by 31.2% to AED 146 billion ($39.8 billion) and total income increasing by 11% to AED 6.0 billion ($1.6 billion). “During the year, we introduced several industry-first initiatives, including the world’s first sustainability-linked financing sukuk and the Islamic banking sector’s first treasury repo transaction. These innovations reflect our commitment to delivering meaningful value for customers through responsible and forward-looking banking solutions. “We continue to strengthen our relationships with SMEs and corporates through enhanced digital capabilities and product innovation, while also expanding our future customer base through initiatives such as the Alpha Youth Account.” Deputy chief executive’s comments Mohammad Kamran Wajid, Deputy Chief Executive Officer, said: “2025 marked a transformative year for Emirates Islamic, characterised by sustainable growth, operational improvement and innovation. “We continued to enhance service quality by streamlining processes, improving turnaround times and investing in integrated digital systems. Our focus remains on delivering consistent, accessible and high-quality banking experiences for customers across all Emirates.” Awards During 2025, Emirates Islamic received multiple international and regional recognitions, including: Global Finance – Best Islamic Financial Institutions Awards 2025 Best Islamic Corporate Bank in the World Best Islamic Financial Institution in the UAE Euromoney Islamic Finance Awards 2025 World’s Best Islamic Digital Bank Middle East’s Best Islamic Digital Bank UAE’s Best Islamic Digital Bank The Banker’s Islamic Banking Awards 2025 Islamic Retail Bank of the Year – Middle East Most Innovative Murabaha The bank also received awards from MEED, MEA Finance, Islamic Finance News and World Finance in recognition of its performance, innovation and ESG initiatives. Re-disseminated by The Asian Banker
