Dubai Islamic Bank (DIB) announced strong financial results for the first quarter of 2025, reporting a net profit of AED 1.797 billion, marking an 8% year-on-year growth after tax. The group’s profit before tax reached AED 2.1 billion, reflecting a 14% increase, primarily driven by consistent growth in returns from high-quality assets.
In its statement, the bank highlighted that operating revenues grew by 5% year-on-year to AED 3.154 billion, while net financing and sukuk investments rose by 4% year-to-date to AED 307 billion. Net financing alone recorded a 5% growth, reaching AED 223 billion.
Total assets grew by 3% to AED 355 billion, while customer deposits increased by 7% to AED 265 billion. Current and savings account balances rose by 4% since the beginning of the year, reaching AED 99 billion, representing 37% of the total customer deposit base. Meanwhile, impairment losses declined significantly by 45% year-on-year, totaling AED 163 million.
Mohammed Ibrahim Al Shaibani, Director General of His Highness the Ruler’s Court of Dubai and Chairman of Dubai Islamic Bank, noted that the global economy and financial markets continue to face pressures due to ongoing shifts in trade and immigration policies in advanced markets, particularly in the United States. However, he emphasized that the UAE has maintained its economic stability, supported by robust growth in non-oil sectors, strong trade partnerships, and rising domestic activity.
Al Shaibani added that Dubai’s economy continues to build momentum, particularly across key sectors such as financial services, real estate, tourism, and construction; areas in which Dubai Islamic Bank remains actively engaged and invested.