Dubai:Emirates Islamic has announced a profit of AED2.7 billion for the first nine months of 2026, marking a significant financial performance for the period. The bank also reported a 7 percent increase in operating profit, reaching AED3.3 billion year-on-year.
According to Wam, Emirates Islamic's total income saw a 6 percent rise to AED4.7 billion compared to the same period last year, primarily driven by an increase in non-funded income. The bank's total assets grew by 8.6 percent, amounting to AED158.3 billion, while customer financing experienced a 14.4 percent growth, reaching AED101.6 billion.
Customer deposits at the bank increased by 13.4 percent to AED115.8 billion, with current and savings account balances comprising 63.2 percent of the total deposits. Hesham Abdulla Al Qassim, Chairman of Emirates Islamic, emphasized the bank's commitment to sustainable balance sheet growth, prudent risk management, and effective capital allocation. He noted that these priorities are crucial for capturing growth opportunities, supporting customers, and delivering sustainable returns to shareholders, aligning with the UAE Islamic Finance and Halal Industry Strategy 2025-2031.
Farid AlMulla, Chief Executive Officer of Emirates Islamic, highlighted the strength of the bank's diversified business model, which has continued to deliver strong results. He pointed out that the 6 percent increase in total income to AED4.7 billion was supported by robust growth in non-funded income streams, reflecting the bank's strategic priorities and long-term value creation efforts.