Emirates Islamic, part of Emirates NBD Group and one of the UAE’s leading Islamic financial institutions, announced its highest-ever profit before tax of AED 3.2 billion (US$870 million) for the first nine months of 2025, driven by strong income growth and balance sheet expansion.
Total income increased 9% year-over-year to AED 4.5 billion (US$1.23 billion), driven by continued growth in both funded and non-funded income streams. Customer financing increased by 20% during the period to AED 84.8 billion (approximately US$23 billion), while customer deposits also rose 20% to AED 92.4 billion (approximately US$25.16 billion).
Operating profit improved 8% year-on-year, with a healthy net profit margin of 3.64%. Total assets increased by 24% to AED 138 billion (approximately US$37.6 billion).
Record-breaking growth and sustainability milestone
Hesham Abdulla Al Qassim, Chairman of Emirates Islamic, said:
“Emirates Islamic has continued its growth momentum this quarter, and we are pleased to announce another record performance for the first nine months of 2025. Emirates Islamic has always led the way in innovation and established itself as a pioneer in the Islamic banking sector.
The Bank successfully priced a US$500 million Sustainability-Linked Financing Sukuk, the first of its kind in the world, showcasing its commitment to sustainable finance and supporting the UAE’s sustainability goals. The Sukuk drew strong interest from global investors and its success reflects the confidence of international investors in the Bank’s performance.
At Emirates Islamic, our focus remains on providing world-class Islamic banking solutions to our customers backed by an outstanding customer experience. I am confident that with our investments in AI and digitisation, we will create new efficiencies and elevate our customer proposition.”
Farid Al Mulla, Chief Executive Officer of Emirates Islamic, added:
“Strong capital and liquidity combined with a healthy deposit mix empowered us to provide improved products to customers, across our Retail, Corporate, and SME segments.”
