Abu Dhabi Islamic Bank (ADIB) recorded a strong double-digit increase in net profit for the first quarter of the year, supported by a rise in lending activities and greater earnings from fees and commissions.
Net profit after tax for the opening three months of 2025 stood at AED 1.7 billion (USD 462.8 million), marking an 18% rise compared to the same period in the previous year.
Quarterly revenues climbed 14% to AED 2.9 billion, driven by increased income from financing operations and non-funding sources.
Income from funded activities reached AED 1.8 billion, reflecting a 4% year-on-year increase, while income from non-funded sources surged 35% to AED 1.1 billion.
The Shariah-compliant lender’s total assets grew by 25% to AED 244 billion, spurred by expansion in both retail and corporate banking segments, along with an enlarged investment portfolio.
Despite a 100 basis point cut in the benchmark rate, the net profit margin declined marginally by just 36 basis points to 4.31%. The cost-to-income ratio improved to 28.9% from 30.4% in the corresponding period last year.
“We began the year on a strong note, building on the momentum of previous quarters. These results clearly demonstrate our ability to deliver profitable growth and implement our strategy with discipline,” said Jawaan Awaidah Al Khaili, Chairman of ADIB.
