Dubai Islamic Bank (DIB) has recorded solid results for the first quarter of 2026 with its net profit soaring to AED1.799 billion ($490 million) from AED1.798 billion ($489 million) in the same period of 2025.
Announcing the results, DIB said its net profit before tax reached AED2.13 billion, representing a year-on-year growth rate of 1%. The bank reported operating revenues of AED3.548 billion, marking a 13% increase, while operating profit rose 12% to AED2.546 billion.
Total assets reached approximately AED419.916 billion by the end of March 2026. Customer deposits amounted to AED322 billion, reflecting 1% growth since the beginning of the year. The bank maintained robust capital levels, with a Common Equity Tier 1 (CET1) ratio of 12.6%. The capital adequacy ratio reached 15.8%, exceeding regulatory requirements to support sustainable growth plans.
Data showed funded income grew by 5% year-on-year to AED2.3 billion. Non-funded income increased by 30% to AED1.249 billion, reflecting diversified income sources. Liquidity levels remained strong, with the liquidity coverage ratio at 121%. The net stable funding ratio reached 106%, both remaining comfortably above regulatory benchmarks.
On the solid results, Chairman Mohammed Ibrahim Al Shaibani said the first-quarter results reflect the strength of the UAE economy.
"The bank’s performance embodies scale, discipline and strategic consistency, with net financing assets and sukuk investments reaching AED364 billion," he stated.
Al Shaibani affirmed the bank’s ongoing role as a leading financial institution supporting the real economy through strong governance.
Group CEO Dr Adnan Chilwan pointed out that the bank began 2026 with strong momentum.
He highlighted the increasing balance in the income structure, noting that the growth in both funded and non-funded income reflects an expanded business scope and overall diversification.
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