Emirates Islamic Posts AED 1.7 Billion Net Profit in First Half of 2026
Emirates Islamic reported a net profit of AED 1.7 billion for the first six months of 2026, supported by sustained growth in income, customer financing and deposits, alongside disciplined cost management.
The bank said total income increased by 8% year on year to AED 3.2 billion, driven by growth in both funded and non-funded income. Operating profit rose by 10% to AED 2.2 billion, while the net profit margin remained healthy at 3.1%.
Emirates Islamic’s total assets expanded by 5.5% since the beginning of the year to AED 153.8 billion, reflecting continued balance-sheet growth during the first half.
Customer financing increased by 9.1% to AED 97 billion, while customer deposits grew by 8.3% to AED 110.6 billion. Current and savings accounts represented 65% of total deposits, supporting the bank’s liquidity and funding profile.
Operating expenses rose by a comparatively modest 3% to AED 900 million, as the bank continued investing in strategic growth initiatives. Its cost-to-income ratio stood at 29.1%, while impairment allowances reached AED 251 million.
Asset quality indicators also remained stable, with the non-performing financing ratio at 2.5% and the coverage ratio at 157.5%. The bank reported a Common Equity Tier 1 ratio of 14.8% and a capital adequacy ratio of 15.9%.
Hesham Abdulla Al Qassim, Chairman of Emirates Islamic, said the results reflected the strength of the UAE economy and the resilience of the bank’s business model. He added that the lender continued to support the country’s economic ambitions through Islamic finance, innovation and sustainable banking solutions.
During the first half, Emirates Islamic launched what it described as the UAE’s first Sharia-compliant certificate of deposit programme, aimed at diversifying investment opportunities, strengthening its funding base and expanding its international reach.
The bank also completed several financing facilities linked to environmental, social and governance objectives, as it seeks to expand its position in sustainable and Sharia-compliant finance.