Dubai Islamic Bank (DIB), the UAE’s largest Islamic lender, said on Tuesday its gross revenue rose 7% from a year earlier to AED18.6 billion in the first nine months of 2026, as net financing assets grew nearly 10% from the end of last year, according to a statement from the bank.
Profit before tax was AED6.6 billion and profit after tax was AED5.6 billion for the period, the Dubai Financial Market-listed bank said. Operating profit before impairment charges rose 4% to AED7.1 billion, while impairment charges totaled AED610 million.
Operating revenue rose 3% to AED9.9 billion. Gross funded income was AED15.5 billion and non-funded income was AED3.1 billion. The cost-to-income ratio was 28.1%.
Net financing assets reached AED287.1 billion at the end of September. Total assets rose 3% from the end of 2025 to AED427.0 billion, and customer deposits rose 1% to AED323.5 billion.
The nonperforming financing ratio improved to 2.4%, down 30 basis points from the end of 2025 and 70 basis points from a year earlier. The cost of risk was 25 basis points for the nine months, compared with 45 basis points in the first quarter.
The capital adequacy ratio rose 100 basis points from the end of last year to 16.5%. The common equity Tier 1 ratio rose 110 basis points to 13.4%.
Gross new consumer financing reached AED31 billion in the nine months, compared with AED27 billion a year earlier. The gross consumer financing portfolio exceeded AED93 billion, up 18% since the start of the year, with personal finance up 23% and home finance up 20%.
The gross corporate portfolio reached nearly AED200 billion, up more than 5% since the start of the year. The bank’s treasury portfolio stood at AED85 billion, compared with AED90 billion at the end of 2025.
In September, DIB closed its first syndicated Islamic financing facility, worth $750 million, which drew about $1.2 billion in commitments. Its $1 billion Additional Tier 1 sukuk issue attracted orders of more than $2.3 billion, the bank said.
The first nine months of the year were marked by regional geopolitical tensions and continued uncertainty in global markets, Chairman Fadhel Abdulbaqi Alali said in the statement.
“Our ambition is to translate consistent growth into better customer experiences, greater efficiency and a stronger institution for the future,” said Adnan Chilwan, DIB’s group chief executive officer.
