DIB reports Dh3.7 bn in net profit for H1/25
DUBAI (WAM) Dubai Islamic Bank (DIB) showcased another robust performance in the first half of 2025, with operating revenue of Dh6.4 billion, driving a 16% YoY increase in pre-tax profit to Dh4.3 billion.Double-digit growth in financing and deposits, coupled with improved asset quality, underpinned another historic milestone as the balance sheet surpassed the $100 billion mark.According to the financial results, net profit grew to Dh3.7 bn as core business momentum continues, reflecting an improvement in cost of risk.Balance sheet expanded by 8% YTD to Dh373 bn, surpassing the $100 bn mark.Net Financing Assets grew 12% YTD to Dh237 bn, reflecting healthy demand across key customer segments. On the wholesale front, both local and cross-border businesses contributed to this growth across sectors such as sovereigns, utilities, and aviation. The consumer business also recorded solid growth across all product lines.Sukuk portfolio grew 9% YTD to Dh89 bn. This portfolio largely comprises of high-quality and well-rated sovereigns and FIs. Customer Deposits rose 14% YTD to Dh284 bn, underpinned by robust customer acquisition and retention.Director-General of His Highness The Ruler's Court of Dubai and Chairman of DIB, Mohammed Ibrahim Al Shaibani, said, 'The financial sector plays a central role in reinforcing this foundation. Within it, DIB has sustained its performance through sound governance and a steadfast commitment to value-based banking. The results delivered in the first half of the year reflect a legacy of progress shaped by five decades of alignment with the nation's development agenda."This year marks a defining milestone in that journey. Since its founding in 1975, DIB has evolved into a leading Islamic financial institution, with more than Dh 65 billion in market capitalisation and Dh 370 billion in assets. In the first half of 2025, the bank surpassed $100 billion in total assets. This is a marker not only of scale, but also of adaptability and nimbleness to respond to the everchanging global landscape. This progress affirms the strength of a long-term strategy grounded in trust, resilience, and clarity of purpose,'' he added.
Group Chief Executive Officer of DIB, Dr. Adnan Chilwan, commented, '' Despite the volatilities around we delivered a significant 16% rise in pre-tax profit which exceeded Dh 4.3 billion. Whilst the introduction of corporate tax this year adds a new element, our post-tax profit also came in strong at Dh3.7 billion, a solid increase of 10%.''
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