Emirates Islamic Achieves AED2.7 Billion Profit in First Nine Months of 2026
The Islamic banking institution reports robust financial growth, with operating profit rising 7 percent year-on-year and total assets expanding significantly to AED158.3 billion.
Emirates Islamic has demonstrated considerable financial vigour, reporting a profit of AED2.7 billion for the first nine months of 2026, underscoring the institution’s steadfast commitment to sustainable growth and prudent financial stewardship.
The bank’s operating profit ascended 7 percent year-on-year to reach AED3.3 billion, whilst total income expanded 6 percent to AED4.7 billion compared with the corresponding period in the preceding year, propelled by enhanced performance across non-funded income streams. This diversified revenue generation reflects the sophisticated and resilient nature of the institution’s business model.
The bank’s balance sheet demonstrates considerable strength, with total assets increasing 8.6 percent to AED158.3 billion. Customer financing grew robustly at 14.4 percent to AED101.6 billion, indicating the institution’s expanding capacity to support the financial aspirations of its clientele across the Emirates and beyond.
Customer deposits rose 13.4 percent to AED115.8 billion, with current and savings account balances representing 63.2 percent of the deposit portfolio. This substantial accumulation of customer deposits reflects the considerable confidence and trust placed in the institution by its depositors.
Hesham Abdulla Al Qassim, Chairman of Emirates Islamic, remarked that the bank’s strategic priorities remain centred upon sustainable balance sheet growth, judicious risk management and efficacious allocation of capital. These principled foundations position the institution to capitalise upon emerging growth opportunities, furnish comprehensive support to its customers, deliver enduring returns to shareholders and further the advancement of Islamic finance in accordance with the UAE Islamic Finance and Halal Industry Strategy 2025 to 2031.
Farid AlMulla, Chief Executive Officer of Emirates Islamic, observed that the diversified business model has continued to deliver commendable results, reflecting the formidable strength of operations across all business segments and the institution’s sustained investment in strategic priorities that nurture long-term value creation.
Source: WAM