Emirates Islamic has delivered a groundbreaking start to 2025, posting a record net profit of AED 1 billion for the first quarter—a 24 percent year-on-year increase that cements its leadership in Shariah-compliant banking. This performance was underpinned by robust funded and non-funded income streams, which lifted total operating income to AED 1.45 billion, up 8 percent over Q1 2024. Net interest income climbed to AED 1.091 billion, reflecting strong asset-based financing activities aligned with Islamic principles.

Balanced growth and prudent risk management drove operating profit up 5 percent year-on-year, while impairment allowances recorded a credit of AED 169 million thanks to solid recoveries and rigorous credit screening. Total assets expanded to AED 123.35 billion, an 11 percent increase over the same period last year, demonstrating healthy demand for ethical finance solutions. The bank’s deliberate investment in digital banking and customer-centric platforms contributed to a 15 percent rise in operating expenses—signaling a commitment to seamless, Shariah-compliant digital experiences.

With a net profit margin of 3.85 percent, strong capital ratios and ample liquidity, Emirates Islamic is well-positioned to support sustainable economic development across the UAE and beyond. This exceptional Q1 performance not only highlights the resilience of Islamic finance in a dynamic market environment but also showcases the Bank’s unwavering dedication to ethical, Shariah-compliant growth—setting the stage for continued innovation and positive impact throughout 2025 and beyond