Dubai – Mubasher: Emirates Islamic Bank delivered a 19% year-on-year (YoY) growth in profit before tax, recording AED 2.20 billion in the first half (H1) of 2025.

The net profit, meanwhile, increased to AED 1.86 billion that marked a 12% annual increase in H1-25, according to a press release.

Customer deposits surged by 27% to AED 97.40 billion, with current and saving account balances accounting for 65.50% of deposits. Customer financing also grew by 13% to AED 80 billion.

Moreover, the UAE lender’s total income rose by 9% YoY to AED 2.9 billion as of 30 June 2025, driven by continued expansion in both funded and non-funded income streams.

Chairman of Emirates Islamic Bank, Hesham Abdulla Al Qassim, said: “The net profit margin stands healthy at 3.74%, while operating profit improved by 6% YoY. Emirates Islamic continues to deliver strong results and accomplish its key objectives with an increasing focus on technology, new services and sustainability.”

Al Qassim noted: “We remain committed to strengthening our digital offerings to our individual, SME and corporate customers by consistently making strategic investments in technological solutions.”

The Chairman added: “With the UAE’s economy continuing to be buoyant, Emirates Islamic is proud to play an integral part in the nation’s growth story. The bank successfully issued a $750 million Senior Unsecured Sukuk in the first half of 2025, received positively by the regional and global investor community. This milestone emphasises the increasing recognition of Emirates Islamic among the global investor community as Islamic banking continues to see strong growth globally while delivering increasingly sophisticated products.”

He stated: “We recently partnered with Leonteq Securities AG to expand the bank’s Shariah-compliant Wealth Management offerings and signed an agreement with DURAR OCTA to facilitate financial management for an upcoming luxury real estate project in Ras Al Khaimah.”

Al Qassim concluded: “As a bank deeply rooted in the UAE, we are committed to the ongoing career growth of UAE Nationals at Emirates Islamic. With an Emiratisation rate of 42.30%, we continue with our efforts to attract and develop Emirati talent to become the future leaders of the country.”

From his part, the CEO of Emirates Islamic Bank, Farid Al Mulla, said: “Total assets increased significantly by 24% to AED 138 billion during H1-25.”

Al Mulla elaborated: “During the first six months (6M) of the year, the bank reinforced its ongoing commitment to community empowerment and financial inclusion through Islamic Banking by introducing the ALPHA Youth Account. The solution encourages parents to empower their children with essential financial literacy skills and introduce them to financial independence at an early age.”

The CEO added: “We continue to secure strategic partnerships that drive digital innovation to enhance customer experiences. Emirates Islamic recently partnered with the Sharjah Real Estate Registration Department to enhance the efficiency of real estate registration and financing procedures.”

It is worth highlighting that in Q1-25, Emirates Islamic Bank generated higher net profits at AED 1 billion.