Emirates Islamic Records Impressive AED 2.2 billion Pre-Tax Profit in First Half of 2025, Spurred by Robust Income and Deposit Expansion
Emirates Islamic Posts Record Profit in H1 2025
Emirates Islamic, a leading player in the UAE's Islamic banking sector, has announced impressive financial results for 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.
The bank's net profit for the period stood at AED 1.863 billion, up 12% year-on-year. This growth was driven by strong performance across various key areas, including income, customer financing, and deposit inflows.
The bank's total income rose to AED 2.9 billion, up 9% compared to the same period last year. This growth was underpinned by strong growth in both funded and non-funded income streams. Customer financing increased by 13% to AED 80 billion, reflecting robust demand for financing products. Exceptional growth in customer deposits, which rose 27% to AED 97.4 billion, also contributed to the income growth. Notably, Current and Savings Account balances now represent 65.5% of total deposits, enhancing the bank’s low-cost funding profile.
Emirates Islamic's capital and liquidity positions remain strong, with a Common Equity Tier 1 ratio of 17.4% and a Capital Adequacy ratio of 18.5%. The bank's coverage ratio is 159.9%, ensuring a comfortable financial position.
The bank's focus on empowering customers through enhanced digital offerings and continued investment in growth and technology has been instrumental in its success. The bank introduced new banking solutions, including the ALPHA Youth Account and the Business Banking Diamond Account. It also collaborated with DURAR OCTA on financial services for a major real estate project in Ras Al Khaimah.
In addition, Emirates Islamic continues to lead in digital transformation and Islamic finance, positioning it well to support the UAE's economic ambitions. The bank expanded its Shariah-compliant wealth management offerings through a partnership with Leonteq Securities AG.
Operating profit improved by 6%, despite expenses rising by 15% due to continued investments in growth and technology. The bank's healthy net profit margin of 3.74% underscores its financial strength.
Chairman Hesham Abdulla Al Qassim highlighted the bank's robust performance and ongoing digital transformation. CEO Farid AlMulla emphasised the bank's dual focus on financial performance and community engagement.
Emirates Islamic's growth in the first half of 2025 underscores its position as a leading player in the UAE Islamic banking sector and its sustained profitability growth. The bank is well-positioned to continue its growth trajectory in the coming months.
[1] Emirates Islamic Annual Report 2025 (H1) [2] Emirates Islamic Press Release, Date: July 15, 2025 [3] Gulf Business, Article: Emirates Islamic reports record profit before tax of AED 2.2 billion in H1 2025, Date: July 16, 2025
- The record-breaking profit before tax of AED 2.2 billion achieved by Emirates Islamic in H1 2025 signifies a significant 19% year-on-year increase, indicating a promising future for the UAE's Islamic banking industry.
- Despite a 15% increase in expenses due to ongoing investments in growth and technology, Emirates Islamic managed to improve its operating profit by 6% in H1 2025.
- The robust demand for financing products led to a 13% increase in customer financing for Emirates Islamic, reaching AED 80 billion in the first half of 2025.
- The bank's focus on empowering youth through digital solutions, such as the ALPHA Youth Account, demonstrates its commitment to fostering innovation and sustainability within the community.
- In line with the UAE's economic ambitions, Emirates Islamic continues to lead the way in digital transformation and Islamic finance, positioning itself for further growth and collaboration in the industry.
- The bank's successful partnership with Leonteq Securities AG allowed it to expand its Shariah-compliant wealth management offerings, providing new opportunities for customers and investors alike.
- By collaborating with DURAR OCTA on a major real estate project in Ras Al Khaimah, Emirates Islamic underscores its potential to foster growth and development within the UAE's business and finance sectors.
