Dubai Islamic Bank (DIB), the UAE’s largest Islamic bank by assets, has reported a 6 percent year-on-year increase in net profit for the first nine months of 2025, supported by higher revenues and a significant reduction in impairment charges.
Net profit for the January to September period rose to AED 5.7 billion ($1.6 billion), compared to AED 5.4 billion during the same period last year. Total revenue increased by 6 percent annually to AED 9.7 billion, while impairment charges dropped 45 percent to AED 292 million, reflecting improved credit quality and effective risk management.
DIB’s balance sheet expanded by 14 percent to AED 393 billion as of the end of September, bringing the bank close to the AED 400 billion milestone. Group CEO Adnan Chilwan said that asset quality remains at its strongest in years, with the non-performing financing ratio improving to 3 percent.
Customer deposits climbed 21 percent to AED 302 billion, while net financing assets rose 17 percent to AED 248 billion. The bank’s sukuk portfolio also recorded strong growth, increasing 33 percent year to date to AED 91 billion, further strengthening DIB’s financial position.
The Investment Corporation of Dubai continues to hold a 28 percent stake in the Islamic lender. On the Dubai Financial Market, DIB shares closed 0.3 percent lower at AED 9.72 on Tuesday. However, the stock has gained 73 percent over the past year, reflecting strong investor confidence in the bank’s performance and growth outlook.