Latest news with #MohammedIbrahimAlShaibani
Emirates 24/7
06-08-2025
- Business
- Emirates 24/7
DIB reports AED3.7 bn in net profit for H1/25
Dubai Islamic Bank (DIB) showcased another robust performance in the first half of 2025, with operating revenue of AED 6.4 billion, driving a 16% YoY increase in pre-tax profit to AED 4.3 billion. Double-digit growth in financing and deposits, coupled with improved asset quality, underpinned another historic milestone as the balance sheet surpassed the USD 100 billion mark. According to the financial results, net profit grew to AED3.7 bn as core business momentum continues, reflecting an improvement in cost of risk. Balance sheet expanded by 8% YTD to AED373 bn, surpassing the USD100 bn mark. Net Financing Assets grew 12% YTD to AED237 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 AED89 bn. This portfolio largely comprises of high-quality and well-rated sovereigns and FIs. Customer Deposits rose 14% YTD to AED284 bn, underpinned by robust customer acquisition and retention. Mohammed Ibrahim Al Shaibani, Director-General of His Highness The Ruler's Court of Dubai and Chairman of DIB, 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 AED 65 billion in market capitalisation and AED 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. Dr. Adnan Chilwan, Group Chief Executive Officer of DIB, commented: '' Despite the volatilities around we delivered a significant 16% rise in pre-tax profit which exceeded AED 4.3 billion. Whilst the introduction of corporate tax this year adds a new element, our post-tax profit also came in strong at AED3.7 billion, a solid increase of 10%.''
Al Etihad
05-08-2025
- Business
- Al Etihad
DIB reports Dh3.7 bn in net profit for H1/25
5 Aug 2025 21:55 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 growth in financing and deposits, coupled with improved asset quality, underpinned another historic milestone as the balance sheet surpassed the $100 billion to the financial results, net profit grew to Dh3.7 bn as core business momentum continues, reflecting an improvement in cost of sheet expanded by 8% YTD to Dh373 bn, surpassing the $100 bn 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 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 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%.''
Mid East Info
25-04-2025
- Business
- Mid East Info
Dubai Islamic Bank showcases an exceptional First Quarter 2025 Performance, Reaffirming its Position as the Global Leader in Islamic Finance
Dubai Islamic Bank showcases an exceptional First Quarter 2025 Performance, Reaffirming its Position as the Global Leader in Islamic Finance The first three months saw the bank deliver double-digit pretax earnings growth, significant asset quality improvement, and industry-first sustainability milestones Operating Revenue of AED 3.2 billion, growth of 5% YoY. Pre-tax Profit of AED 2.1 billion, solid growth of 14% YoY. Balance sheet expanded by 3% YTD to AED 355 billion. Net Financing portfolio grew by 5% YTD to AED 223 billion. Robust deposit growth of 7%, YTD now at AED 265 billion. Dubai Islamic Bank (DFM: DIB), the world's first full-service Sharia-compliant bank and the largest Islamic bank in the UAE, announced its results for the financial year ending March 31, 2025. The Bank recorded a powerful start to the year, delivering AED 2.1 billion in group pre-tax profit – a 14% year-on-year increase – driven primarily by quality earning assets growth. Further, robust deposit mobilisation, led to the balance sheet expanding by 3% to AED 355 billion, reaffirming DIB's strategic resilience and underscoring its growing influence in shaping the future of Islamic finance on the global stage. Q1 2025 Highlights: Operating Revenues showed a healthy increase of 5% YoY to reach AED 3,154 million. Group Pre-Tax Profit reported at AED 2,108 million up 14% YoY, with Net Profit (post-tax) of AED 1,797 million, up by 8% YoY. Net Profit Net Financing and Sukuk Investments increased to AED 307 billion, up 4% YTD. Strong Net Financing growth at nearly 5% YTD to reach to AED 223 billion. Total Assets now at AED 355 billion, up by 3% YTD. Customer Deposits increased to AED 265 billion, up by more than 7% YTD. CASA balances up by 4% YTD to reach AED 99 billion. CASA comprises 37% of the bank's total deposits. Impairment charges low at AED 163 million, significantly declining further by 45% YoY . . NPF Ratio continues to improve, reduced by 30 bps to 3.7% (vs 4.0% in Q4 2024). Cash Coverage and Total Coverage continue to improve, now at 98% and 139% respectively. Total Coverage Cost-to-Income Ratio lower by 30 bps YoY to 28.0%. Pre-tax RoA and RoTE at 2.5% and 22% respectively higher YoY by 20 bps and 160 bps. RoTE Post-tax ROA of 2.1% and RoTE of 18% respectively. RoTE Healthy capital ratios with CET1 Ratio at 13.4% and CAR at 17.3%, well above the regulatory minimum. Management's comments for the period ending 31st March 2025: His Excellency Mohammed Ibrahim Al Shaibani Director-General of His Highness The Ruler's Court of Dubai and Chairman of Dubai Islamic Bank Dr. Adnan Chilwan Group Chief Executive Officer The global economy and financial markets have remained under pressure since the start of the year, driven by continued shifts in trade and immigration policy across major developed economies particularly the United States. With this backdrop, global growth is expected to stay moderate, and inflationary trends remain present in select advanced and emerging markets. Despite these global conditions, the UAE continues to stand out. Its expanding non-oil economy, deep trade partnerships and steady domestic growth have allowed it to maintain stability and move forward with confidence. The UAE banking sector recorded strong growth of 12% in 2024, driven through higher financing activity across public and private sectors. At Dubai Islamic Bank our results for the first quarter are a clear reflection of our commitment to this national progress — supporting key sectors, driving financial inclusion, and sustaining disciplined growth. Dubai's economy continues to gain momentum, particularly in areas such as financial services, real estate, tourism and construction. These are sectors where DIB remains active and invested. As the world's first full-service Sharia-compliant bank, we are proud to play a defining role in this transformation — both at home and across the wider Islamic banking landscape. The global environment remains uncertain, shaped by ongoing volatility in trade, regulation, and investor sentiment. Yet, while many economies continue to adjust, the UAE moves forward on its robust ambitions, guided by long-term reforms, expanding sectoral strength, and a clear economic vision. At Dubai Islamic Bank, our first-quarter performance reflects this direction. The balance sheet grew to AED 355 billion, up by more than 3% year to date, supported by deposits growth of nearly 7% as we continue to deliver balanced, quality-driven expansion across our retail and wholesale segments. There has been consistent improvement in our asset quality over the recent years. Our Non-Performing Financing (NPF) ratio dropped to its lowest levels since the global pandemic, now standing at 3.7% (lower 30 bps YTD). This clearly demonstrates the robust risk management approach and prudent underwriting guidelines that we have ingrained into our medium- and long-term business growth strategy. The bank's profitability remained strong with pre-tax profit exceeding the AED 2 billion mark, growing nearly 14% year-on-year, whilst post-tax profit rose to AED 1.8 billion, a solid growth of 8% year-on-year, despite the introduction of the enhanced corporate tax. Our returns continue to reflect the strength of our business model, with pre-tax RoTE at 22% (+160 bps YoY) and RoA at 2.5% (+20 bps YoY). DIB continues to position itself as a consistent value creator, across all cycles. But for us performance alone does not define leadership. Our real focus lies in building an institution that is financially strong, values-driven, and future-ready. A core part of that journey is our sustainability agenda — one that is embedded in our long-term strategy, not just an add-on. In the first quarter, we launched our Sustainability-Linked Finance Facilities Framework — the first of its kind by any Islamic bank globally — alongside the continued expansion of our sustainable finance platform. Financial Review Income statement summary: AED millions Mar 2025 Mar 2024 YoY % change Total Income 5,512 5,607 (2%) Depositors'/ Sukuk holders share of profit (2,358) (2,609) (10%) Net Operating revenue 3,154 2,998 5% Operating expenses (883) (849) 4% Profit before impairment losses 2,271 2,149 6% Impairment losses (163) (299) (45%) Pre tax profit 2,108 1,850 14% Income tax (311) (186) 67% Net profit for the period 1,797 1,664 8% Key Ratios (%) Mar 2025 Mar 2024 Change (bps) Net Profit Margin % 2.9% 3.0% (10 bps) Cost to income ratio % 28.0% 28.3% (30 bps) Pre-tax return on average assets % 2.5% 2.3% 20 bps Pre-tax return on tangible equity % 22.0% 20.4% 160 bps Return on average assets % 2.1% 2.1% – Return on tangible equity % 18.0% 18.0% – Balance Sheet Summary AED millions Mar 2025 Dec 2024 Change Net Financing and Sukuk Investments 306,703 294,588 4% Equities & Properties Investments 9,215 8,797 5% Other Assets 9,032 8,960 1% Due from banks and financial institutions 4,940 5,642 (12%) Cash & CB Balances 25,379 26,700 (5%) Total Assets 355,269 344,687 3% Customers' deposits 264,847 248,546 7% Sukuk financing instruments 21,400 24,154 (11%) Other liabilities 13,257 13,280 – Total Liabilities 306,743 291,834 5% Shareholder Equity & Reserves 38,084 39,725 (4%) Tier 1 Sukuk 7,364 10,101 (27%) Non-Controlling interest 3,095 3,028 2% Total Liabilities and Equity 355,269 344,687 3% Key Ratios (%) Mar 2025 Dec 2024 Change (bps) Liquidity Coverage Ratio (LCR) 133.0% 159.4% (2,640 bps) CET 1 13.4% 13.2% 20 bps Capital Adequacy Ratio (CAR) 17.3% 18.3% (100 bps) Non-Performing Financing (NPF) 3.7% 4.0% (30 bps) Cash Coverage 98% 97% 100 bps Operating Performance Net Operating Revenue grew by 5.2% YoY to AED 3,154 million supported by non-funded income which grew by 13% YoY. Net profit margin at 2.9% lower by 10 bps YoY, but within the guidance range. non-funded income grew Net profit margin Operating expenses amounted to AED 883 million during the first quarter rising by 4% YoY. Cost-to-Income ratio , registered 28.0%, lower by 30 bps YoY. rising Cost-to-Income ratio lower Pre-impairment profit increased by 5.7% YoY to AED 2,271 million compared to AED 2,149 million in Q1 2024. Impairment charges continue to decline at AED 163 million significantly lower by 45.4% YoY on the back of an improving asset quality. Cost of risk continue to be low at 20 bps for Q1 '25. decline Cost of risk low Pre-tax profit grew by 13.9% YoY to reach AED 2,108 million. Group Net Profit increased by 8.0% YoY to reach AED 1,797 million vs AED 1,664 million in same period of previous year. Group Net Profit increased Returns continue to trend higher compared to previous year with Pre-tax ROA and ROTE standing at 2.5% and 22% respectively. Post tax ROA fell to 2.1% (lower 40 bps YoY) while post-tax ROTE remained stable YoY to 18% impacted by higher tax rates in 2025. Balance Sheet Trends The bank's New Gross Underwriting and Sukuk Investments during quarter amounted to more than AED 26 billion, a strong growth of 26% YoY compared to AED 21 billion in Q1 '24. Both retail and corporate businesses continue to demonstrate growth at 47% and 72% YoY, respectively in terms of new gross underwriting. Despite higher repayments during the first quarter, early settlements significantly declined by more than 60% compared to Q1 '24 resulting in strong net movement. Net Financing & Sukuk Investments grew to AED 307 billion, up by 4% YTD from AED 295 billion in FY '24. Business growth was driven by Net Financing growth of 5% YTD to AED 223 billion and Sukuk Investment of 2% YTD to AED 84 billion. Overall asset base of the bank continued its healthy expansion with 3% YTD growth to AED 355 billion. Customer deposits grew 7% to AED 265 billion with CASA balances witnessing growth of 4% YTD to AED 99 billion. CASA now comprises 37% of Total Deposits. Investment deposits witnessed a growth of 8% YTD. Regulatory liquidity ratios remain healthy with LCR at 133% and NSFR at 105%. Non-Performing Financing (NPF) Ratio significantly improved to 3.7%, lower by 30 bps YTD and 127 bps YoY. The NPF amount declined further by AED 470 million to AED 8.7 billion, depicting continued improvement in asset quality. Cash Coverage Ratio improved to 98% and overall coverage including collateral increased to 139%. Capital ratios remain healthy strong with CAR at 17.3% and CET 1 ratio at 13.4%, both well above the regulatory requirement. Business Highlights (Q1 2025) The bank continued to demonstrate strong growth momentum during the first quarter. Consumer Banking portfolio grew by more than 9% YTD to AED 68 billion. The portfolio's total gross new underwriting in Q1 '25 was more than AED 9 billion, 47% higher compared to Q1 '24. All consumer assets witnessed healthy growth driven primarily by auto financing which saw 7% YTD increase in its portfolio, supported by auto financing campaigns. Consumer banking demonstrated higher revenue growth of 11% YoY driven by strong performance in fees & commission. Local & Cross Border Corporate banking portfolio grew to AED 155 billion up 4% YTD. Sectors such as utilities, manufacturing and financial institutions were key drivers of the growth in the quarter. Treasury & Sukuk portfolio grew to AED 84 billion up 2% YTD, driven by growth in financial institutions and services exposure. Revenues grew 7% YoY, supported by increasing yields on its assets. Other Key Highlights (Q1 2025) DIB increased its shareholding in T.O.M. Group from 20% to 25%. This higher investment highlights DIB's confidence in Türkiye's financial landscape and its robust fast-scaling digital banking and fintech ecosystem. Türkiye continues to be a pivotal market for DIB, given its sizeable population, rapidly expanding digital infrastructure, and impressive economic growth trajectory. The move aligns with DIB's vision to drive financial inclusion and bring innovative Sharia-compliant financial services to underbanked and non-banked segments. During the quarter, the bank issued three (3) key new publications to further drive its sustainability ambitions; the Annual Sustainability Report, the Annual Sustainable Finance Report and lastly the Sustainability-Linked Finance Facilities financing Framework, which is a first by any Islamic bank globally. This framework will support existing and new customers transform their current business model into a more sustainable and future-proof one. The focus of the framework is on Climate Change Mitigation, with predefined Key Performance Indicators related to reduction of emissions and adoption of renewable energy solutions. All of the recent publications reflect DIB's ambitions towards global sustainability in terms of further driving transparency and disclosure and propelling sustainable finance. In addition, the bank also released a renewed and expanded version of DIB's Sustainable Finance Framework which is now one of the most comprehensive in the market. The bank launched the DIB Academy , a new institutional platform designed to embed structured, certified, and inclusive learning across the bank. Built to serve every employee, in every function and at every level, the Academy represents a fundamental shift in how the bank views workforce development: not as a support mechanism, but as a strategic driver of performance, resilience, and relevance in an increasingly complex world. Awards List (Q1 2025) Date Award Giving Body Award Received Mar 2025 28th Emirates Environmental Group Annual Corporate Gala Cultivating Sustainability Award Mar 2025 Centre of Assessments for Excellence DIB Complaints Management Department ISO Certification Feb 2025 MEA Finance SME Summit and Awards 2025 Best Islamic Bank for SMEs Feb 2025 Islamic Finance News Awards Oman Deal of the Year Hybrid Deal of the Year Sukuk Deal of the Year Perpetual Deal of the Year Most Innovative Deal of the Year Pakistan Deal of the Year Best Digital Offering by an Islamic Bank in Kenya Most Innovative Islamic Bank in Kenya Best Islamic Investment Bank in Kenya Best Islamic Bank in Kenya UK Deal of the Year Best Islamic Investment Bank Best Islamic Bank in the UAE Ijarah Deal of the Year Best Islamic Retail Bank in Kenya Egypt Deal of the Year M&A Deal of the Year Best Islamic Bank for Trade Finance About Dubai Islamic Bank: Established in 1975, Dubai Islamic Bank is the largest Islamic bank in the UAE by assets and a public joint stock company listed on the Dubai Financial Market. Spearheading the evolution of the global Islamic finance industry, DIB is also the world's first full service Islamic bank and amongst the largest Islamic banks in the world. With Group assets more than reaching USD90 billion and market capitalization of more than USD 14bln, the group operates with a workforce of more than 10,000 employees and around 450 branches in its vast global network across the Middle East, Asia and Africa. Serving over 5 million customers across the Group, DIB offers an increasing range of innovative Shariah compliant products and services to retail, corporate and institutional clients. In addition to being the first and largest Islamic bank in the UAE, DIB has a significant international presence as a torchbearer in promoting Shariah-compliant financial services across a number of markets worldwide. The bank has established DIB Pakistan Limited, a wholly owned subsidiary which is the first Islamic bank in Pakistan to offer Priority & Platinum Banking, as well as the most extensive and innovative portfolio of Alternate Distribution Channels. The launch of Panin Dubai Syariah Bank in Indonesia early in 2017 marks DIB's first foray in the Far East, the bank owns a nearly 25% stake in the Indonesian bank. Additionally, in May 2017, Dubai Islamic Bank PJSC was given the license by the Central Bank of Kenya (CBK) to operate its subsidiary, DIB Kenya Ltd. DIB has been designated as D-SIB (Domestic Systemically Important Bank) in 2018 in UAE. In early 2020, DIB completed the acquisition of Noor Bank, which solidifies its position as a leading bank in the global Islamic finance industry. In 2023, DIB entered Turkey through a acquisition of T.O.M. Group which provides digital banking services. This stake has now increased to 25%. DIB is committed to leading the way in sustainable Islamic financing, with a total sustainable sukuk issuance s of USD 2.75 billion to date and strategic involvement in green and sustainable capital markets, reflecting the bank's ongoing dedication to ESG principles and a sustainable future. The bank's ultimate goal is to make Islamic finance the norm, rather than an alternative to conventional banking worldwide. DIB has won a range of accolades that are testament to these efforts across diversified areas, including retail, corporate and investment banking, as well as CSR and consultancy services. DIB has been named the Best Islamic Bank in various prestigious ceremonies and recognized for its outstanding performance amongst the world's Islamic Banks, marking it a clear indication of the bank's leadership position in the Islamic finance sector.
Zawya
17-03-2025
- Business
- Zawya
DIB's shareholders approve 45% cash dividends for 2024
Dubai – Dubai Islamic Bank (DIB) concluded its annual general assembly (AGM), with shareholders approving a 45% cash dividend, aggregating to an amount of approximately AED 3.25 billion. The bank witnessed a record-breaking pre-tax profit of over AED 9 billion in 2024, according to the press release. Mohammed Ibrahim Al Shaibani, Chairman of DIB, said: 'The robust results of 2024 reinforce our strategic alignment with the nation's economic priorities, ensuring DIB remains a key contributor to the UAE's vision for prosperity and sustainable development.' Adnan Chilwan, Group CEO of DIB, commented: 'With pre-tax profits surging to over AED 9 billion, a 27% year-on-year increase, and total assets crossing AED 345 billion, we continue to redefine possibilities in Islamic finance, solidifying our position as a global leader.' The CEO added: 'In 2025, we will build on this momentum by scaling our digital ecosystem, empowering SMEs through targeted financing, and strengthening cross-border partnerships.' DIB generated 16% higher net profits at AED 8.16 billion in 2024, compared to AED 7 billion in 2023. Source: Mubasher
Al Bawaba
16-03-2025
- Business
- Al Bawaba
Dubai Islamic Bank Shareholders Approve 45% Dividend for 2024
Dubai Islamic Bank (DIB), the UAE's largest Islamic bank, successfully concluded its Annual General Assembly (AGM), with shareholders approving the bank's financial statements for the year 2024 and other tabled resolutions, including the Board and management's strategic agenda for the coming years. 2024 proved to be another record year for DIB, with the bank reporting a total income of AED 23.3 billion, marking a 16% year-on-year growth. Group (Pre-tax) profit surged to over AED 9.0 billion, up nearly 27% from the previous year, while Net financing and Sukuk Investment reached AED 295 billion, reflecting an increase of 10.1% year-on-year. The above supported the balance sheet expansion as DIB's Total Assets expanded by 9.7% year-on-year to close at AED 345 billion. The solid 2024 performance enabled a 45% cash dividend, aggregating to an amount of approximately AED 3.25 billion, and nearly 50% of the net profit available for distribution. In addition to approving the financial results and dividend distribution, shareholders ratified key governance matters, including the confirmation for appointing the bank's Internal Sharia Supervision Committee and the selection of external auditors for the 2025 financial year, along with other resolutions aimed at strengthening the bank's operational framework. Commenting on the bank's performance and outlook, His Excellency Mohammed Ibrahim Al Shaibani, Director General of His Highness the Ruler's Court, Government of Dubai, and Chairman of Dubai Islamic Bank, said: 'The UAE's economic resilience, driven by visionary leadership and strategic initiatives, continues to be a catalyst for sustained growth, with Dubai rapidly evolving into a global hub for trade, investment, and financial innovation. In this dynamic landscape, Dubai Islamic Bank has once again demonstrated its ability to navigate market shifts, delivering record performance and long-term value creation. The robust results of 2024 reinforce our strategic alignment with the nation's economic priorities, ensuring DIB remains a key contributor to the UAE's vision for prosperity and sustainable development.' Dr. Adnan Chilwan, Group Chief Executive Officer of DIB, commented: 'Dubai Islamic Bank's 2024 exceptional performance is a reflection of our ability to turn strategic ambitions into tangible results. With pre-tax profits surging to over AED 9.0 billion, a 27% year-on-year increase, and total assets crossing AED 345 billion, we continue to redefine possibilities in Islamic finance, solidifying our position as a global leader. These achievements are underpinned by our unwavering commitment to operational excellence and digital transformation, ensuring we remain a key enabler of economic progress in the UAE and beyond. The 45% dividend approved for 2024 underscores our commitment to delivering tangible shareholder returns while reinvesting in strategic growth aligned with the UAE's economic vision. The trust of our stakeholders has enabled us to expand our market presence and enhance product offerings. In 2025, we will build on this momentum by scaling our digital ecosystem, empowering SMEs through targeted financing, and strengthening cross-border partnerships. With a resilient balance sheet and an innovation-driven approach, DIB is poised to lead the next era of Islamic finance, driving growth that is both profitable and purposeful.' Beyond its strong financial results, 2024 marked a year of strategic advancements and innovation for Dubai Islamic Bank. The bank successfully upgraded its technological platforms, enhancing operational efficiency, security, and scalability to meet the evolving needs of customers in an increasingly digital financial landscape. Reinforcing its position as a leader in sustainable finance, DIB continued to support the UAE's Net Zero by 2050 agenda with its landmark Sukuk issuances, channeling investments into green and sustainable initiatives. As DIB enters 2025, it remains committed to innovation, financial inclusion, and responsible growth, ensuring long-term value creation for its customers, shareholders, and the broader UAE economy.
