Emirates Islamic reports AED2.7 billion net profit for first nine months of 2026
Emirates Islamic, the Sharia-compliant lender based in Dubai, recorded a net profit of AED2.7 billion for the first nine months of 2026, marking a solid performance driven by higher non-funded income and balance sheet expansion.
Profit and operating income
The bank’s operating profit rose 7 percent year-on-year to AED3.3 billion during the period. Total income increased by 6 percent to AED4.7 billion compared with the same period a year earlier, supported by growth in non-funded income streams.
Balance sheet and financing growth
Total assets expanded by 8.6 percent to AED158.3 billion, while customer financing grew 14.4 percent to AED101.6 billion. The lender’s deposit base also strengthened, with customer deposits rising 13.4 percent to AED115.8 billion. Current and savings account balances represented 63.2 percent of total deposits.
Leadership comments
Hesham Abdulla Al Qassim, Chairman of Emirates Islamic, said: “Our focus remains on sustainable balance sheet growth, prudent risk management and effective allocation of capital. These priorities position Emirates Islamic to capture growth opportunities, support customers, deliver sustainable returns to shareholders and advance the development of Islamic finance in line with the UAE Islamic Finance and Halal Industry Strategy 2025-2031.”
Farid AlMulla, Chief Executive Officer of Emirates Islamic, stated: “Our diversified business model continued to deliver strong results, with total income increasing 6 percent to AED4.7 billion, supported by robust growth in non-funded income streams. This reflects the strength of our business across all segments and our continued investment in strategic priorities that support long-term value creation.”
