Dubai Islamic Bank revenue hits AED 18.6 billion, financing up 10%

Summary

• Dubai Islamic Bank reported AED 18.6 billion in nine-month gross revenue, up 7% year-on-year.
• Net financing assets grew 10% to AED 287.1 billion as non-performing financing fell to 2.4%.
• Stronger capital, at 16.5% adequacy, widens the lender's room to expand its books.

The latest

Gross revenue at Dubai Islamic Bank reached AED 18.6 billion, about USD 5.06 billion, in the first nine months of 2026, a 7% annual increase the bank attributed largely to 8% growth in total funded income. Pre-impairment operating profit rose 4% to AED 7.1 billion, according to the bank's statement issued on Tuesday, 20 October 2026.

Details

• The headline figure: Total income of AED 18.6 billion for the nine months ending 30 September 2026 represents 7% annual growth, according to the bank's statement. Converted at 3.6725 dirhams to the dollar, that equals roughly USD 5.06 billion. Operating profit before impairment provisions stood at AED 7.1 billion.
• Balance sheet: Total assets reached AED 427.0 billion, up 3% since the start of the year, the bank said. Net financing assets climbed 10% to AED 287.1 billion, while combined net financing and sukuk investments reached AED 372.1 billion, a 6% increase over the same period.
• Deposits: Customer deposits totalled AED 323.5 billion, growing just 1% — markedly slower than the 10% expansion in financing. Current and savings account balances stood at AED 111 billion, or 34% of the deposit base, according to the statement.
• Asset quality: The non-performing financing ratio improved to 2.4%, down 30 basis points since the start of the year and 70 basis points year-on-year. The bank reported cash coverage of 123% and overall coverage of 155% against those exposures.
• Capital: Capital adequacy rose to 16.5% and the core CET1 ratio to 13.4%, the bank said, levels it presented as strengthening its capacity to expand. The statement did not set out a target range for either ratio.
• Retail lending: New consumer financing reached AED 31 billion, up 15%, lifting the total consumer portfolio 18% to AED 93 billion. Retail was the fastest-growing segment disclosed, outpacing both the overall financing book and deposit growth.
• Corporate book: New corporate and treasury financing approached AED 38 billion over the nine months, with the total corporate portfolio at roughly AED 200 billion, according to the bank — still the dominant share of the lending book despite faster retail growth.
• Market funding: The bank cited a USD 1 billion Additional Tier 1 sukuk issuance that drew orders exceeding USD 2.3 billion, and a USD 750 million syndicated Islamic financing facility that attracted close to USD 1.2 billion in commitments — both oversubscribed.
• Leadership framing: Chairman Fadel Abdulbaqi Al Ali said the coming phase would be defined by customer service and the adoption of innovation. The statement did not name specific initiatives, targets or timelines attached to that framing.
• Not in the release: The bank's press statement did not disclose a net profit figure. That number appears in the third-quarter financial statements filed with the Dubai Financial Market at 19:18 on the same day, 20 October 2026.

Between the lines

Two figures sit in tension. Financing assets grew 10% while deposits rose only 1%, meaning loan growth is outpacing the deposit base that funds it. The USD 1 billion AT1 sukuk and the USD 750 million syndicated facility, both oversubscribed, show where the bank turned instead — and why the 16.5% capital adequacy ratio matters to its stated expansion capacity.

What's next

Full-year 2026 results will show whether deposit growth catches up with the 10% financing expansion, and whether the non-performing ratio continues its decline below 2.4%.

Source: Dubai Islamic Bank statement; Dubai Financial Market disclosure