Dubai Islamic Bank Announces AED 2.1 Billion Earnings with Deposits Surging
In the first quarter of 2025, Dubai Islamic Bank (DIB) has reported impressive financial results, underscoring its continued resilience and growth in the global Islamic finance industry. The bank's pre-tax profit for Q1 2025 reached AED 2.1 billion, marking a 14% year-on-year increase, and post-tax net profit reached AED 1.8 billion, an 8% increase from the same period last year.
Customer deposits saw a significant rise, climbing over 7% to AED 265 billion. This growth in customer deposits reinforces the bank's liquidity and lending capacity, enabling it to support the UAE’s vision to become a global center for Islamic finance and the halal economy.
The bank's total assets grew by 3% year-to-date, reaching AED 355 billion. Net financing alone grew nearly 5% to AED 223 billion, while operating revenues for the bank rose 5% year-on-year to AED 3.15 billion. DIB's net financing and sukuk investments increased to AED 307 billion and AED 223 billion respectively.
DIB's strategic focus on expanding its role in shaping the global Islamic finance landscape is evident in its key elements of strategy. The bank operates a vast global network with around 500 branches across the Middle East, Asia, and Africa, serving over 5 million customers. It has established wholly-owned subsidiaries in Pakistan and Kenya and holds a significant stake in Panin Dubai Syariah Bank in Indonesia, marking its entry into the Far East market.
Recently, DIB acquired a 25% stake in Türkiye's digital banking services provider T.O.M. Group, reflecting a strategic push into digital banking services internationally. The acquisition of Noor Bank has strengthened DIB’s leadership in the global Islamic finance industry, enhancing its asset base which now exceeds USD 90 billion, and increasing its market capitalization past USD 14 billion.
DIB continues to innovate by expanding its range of Shariah-compliant products tailored to retail, corporate, and institutional clients, promoting financial inclusion and meeting evolving market needs. As a Domestic Systemically Important Bank (D-SIB) within the UAE, DIB has been recognised for its critical role in the stability and development of the domestic and regional Islamic banking sector.
The bank's Capital Adequacy Ratio (CAR) is 17.3%, comfortably above regulatory thresholds, and its Common Equity Tier 1 (CET1) ratio is 13.4%, also comfortably above regulatory thresholds. This solid financial position allows DIB to continue its strategic focus on cementing its leadership in Islamic finance by leveraging acquisitions, expanding geographically, innovating product offerings, and supporting the UAE’s Islamic finance ecosystem growth, thereby actively shaping the global landscape of Shariah-compliant finance.
The impressive growth in Dubai Islamic Bank's (DIB) net financing and sukuk investments, along with the increase in customer deposits, signifies a strong emphasis on investment and business growth within the Islamic finance sector. As DIB continues to innovate and expand its global network, it reinforces its strategic role in shaping the future of Islamic finance and the halal economy.
