DIB Posts Record Revenues of AED 9.7 Billion as Total Assets Approach AED 400 Billion

• Pre-tax profit surged 10% YoY to record levels of AED 6.6 billion
• Total Assets grew 14% YTD to AED 393 billion
• Customer Deposits crossed the AED 300 billion mark, up 21% YTD
• Asset quality at its strongest in years, with low NPF ratio and high coverage ratio

Key 9M’25 Performance Metrics:

*YoY refers to the variance between 9M’25 and 9M’24 (on an annualised basis)

DIB showcased another robust performance in the first nine months of 2025, reporting record revenues of AED 9.7 billion, driving a 10% YoY increase in pre-tax profit to AED 6.6 billion. Total assets advanced 14 per cent year to date to AED 393 billion, approaching the AED 400 billion milestone.

9M’25 Performance Highlights:

Profitability:

• Robust increase in Operating Revenue of 6% YoY to AED 9.7 billion, supported by strong growth in non-funded income, higher business volumes, and stable margins.
• Impairment charges declined 45% YoY to AED 292 million, reiterating the bank’s effective risk management.
• Operational efficiency focus is evident, with the cost-to-Income ratio at 28.7%.
• Pre-tax Profit grew strongly by 10% YoY to AED 6.6 billion, underpinned by solid topline growth, operational efficiencies and lower credit costs.

Balance Sheet:

• Net Financing Assets and Sukuk portfolio advanced strongly by 17% YTD to AED 343 billion, supported by customer deposits growing by over AED 53 billion.
• DIB facilitated new financing, including sukuk investments of AED 91 billion in 9M’25, up 33% YoY.
• Net Financing Assets grew 17% YTD to AED 248 billion with growth driven by all the key businesses, consumer, local corporate, and cross-border corporate businesses.
• Sukuk portfolio grew 16% YTD to AED 95 billion, with 77% of the portfolio consisting of high-quality sovereign and FI credits.
• Customer Deposits exceeded the AED 300 billion mark, rising 21% YTD to AED 302 billion.
• CASA balances grew 16% YTD to AED 109 billion.

Asset Quality:

• NPF ratio improved further, falling to 3.13%, lower by 87 bps YTD.
• Total coverage ratio improved to 149% while cash-coverage ratio strengthened to 107%.

Capital and Liquidity:

• Capital levels continue to be healthy, with CET1 ratio of 13.4%, Tier 1 ratio of 15.9%, and CAR ratio of 16.6%, showcasing DIB’s strong capital generation capability through retained earnings
• Strong liquidity levels, as demonstrated by an LCR of 144% and an NSFR of 108%.

9M’25 Business Performance:

• DIB’s New Gross Financing and Sukuk Investments in 9M’25 exceeded AED 90 billion, marking a solid 33% YoY increase from AED 69 billion in 9M’24. Growth remained broad-based across key business segments, supported by sustained momentum in both consumer and wholesale portfolios.
• The Consumer banking portfolio grew 18% YTD to AED 74 billion (from AED 63 billion in 2024), reflecting strong demand across all product lines. New gross financing of AED 27 billion was originated during the period, with the consumer business adding over 100,000 new customers in the first nine months of the year.
• Local and cross-border portfolios advanced to AED 174 billion, up 16% YTD. Total gross new financing in 9M’25 was AED 46 billion, 41% higher than in 9M’24, primarily driven by increased activity across key sectors including aviation, manufacturing, financial institutions, and utilities.
• In alignment with the UAE’s national agenda of mobilising AED 1 trillion in sustainable finance by 2030, DIB continues to expand its sustainable-finance portfolio. As of 9M’25, the bank’s sustainable financing, including sustainability-linked facilities, rose to over AED 16.0 billion, spanning diverse sectors such as utilities, aviation, real estate, waste management, and education.
• The bank also played a leading role in the Islamic capital markets, facilitating AED 25 billion in Sukuk issuances within the green and sustainability space, underscoring DIB’s commitment to responsible growth and value creation.

Key Deals and Initiatives:

In 9M 2025, DIB further strengthened its leadership in Islamic finance through several landmark sovereign and corporate transactions across key markets.

• Executed the first Islamic aircraft financing for Turkish Airlines, supporting the airline’s fleet expansion through a Shariah-compliant structure that demonstrates the expanding application of Islamic finance across global industries.
• Acted as Sole Islamic Global Coordinator and Joint Mandated Lead Arranger and Bookrunner for the US$1 billion sovereign syndicated term financing facility for the Government of Pakistan — one of the largest Islamic sovereign financings in recent years — reinforcing DIB’s role in structuring complex cross-border transactions.
• Served as Joint Lead Manager and Bookrunner for the US$1.5 billion dual-tranche Sukuk issuance by the Arab Republic of Egypt, further enhancing DIB’s standing in international Islamic capital markets and supporting the country’s financing diversification strategy.
• Participated in a US$1.85 billion dual-tranche syndicated financing facility for Olam Agri, acting as Senior Mandated Lead Arranger and Investment Agent for the US$250 million Islamic tranche, underscoring DIB’s capability in facilitating value-based financing for strategic sectors such as food security and global trade.

Collectively, these transactions reaffirm DIB’s expanding leadership in Islamic finance, its ability to mobilise capital across diverse markets, and its ongoing contribution to sustainable economic growth in alignment with the UAE’s long-term development vision.

His Excellency Mohammed Ibrahim Al Shaibani, Director-General of His Highness The Ruler’s Court of Dubai and Chairman of DIB

The global economy continues to navigate a period of transition, defined by recalibrated growth, higher rates, and an accelerating shift towards productivity-driven expansion. Against this backdrop, the United Arab Emirates has reaffirmed its position as one of the world’s most resilient and forward-looking economies. Supported by prudent fiscal policy, strong liquidity, and a deepening non-oil base that now contributes close to three-quarters of national output, the UAE’s growth trajectory remains both stable and strategic.

Within this environment, DIB’s performance and progress clearly demonstrate the strength of its franchise and the effectiveness of its long-term strategy and vision. For the first nine months of 2025, the Bank reported record revenues of AED 9.7 billion, alongside a pre-tax profit of AED 6.6 billion, an increase of 10 per cent year on year, driven by disciplined balance sheet management and sustainable earnings growth. Total assets rose to AED 393 billion, while customer deposits surpassed AED 300 billion, underscoring continued trust from our stakeholders and the market in general.

DIB’s performance is not measured by quarterly results alone but by the consistency with which it contributes to national progress. The Bank remains deeply aligned with the UAE’s vision, supporting diversification, financing sustainable enterprises and initiatives, and advancing Islamic finance as a global model of responsible growth. As regional and international markets evolve, our focus remains unchanged: to uphold strong governance, to steward capital responsibly, and to create enduring value for our shareholders, customers, and the communities we serve.

The outlook is one of confidence, grounded in strong fundamentals and sustained earnings momentum strengthened by purpose, and guided by a belief that stability and innovation can coexist to define the next era of economic growth. As the year progresses towards its close, the Bank remains well positioned to sustain its growth trajectory and deliver strong, value-driven performance.

Dr. Adnan Chilwan, Group Chief Executive Officer of DIB

The year 2025 continues to affirm DIB’s position as a leading force in Islamic finance, resilient, adaptive, and firmly aligned with the UAE’s vision for sustainable growth. Amid evolving global dynamics, the Bank delivered another quarter of exceptional performance, reflecting the strength of its strategy and the discipline of its execution.

Revenues reached a record AED 9.7 billion during the period, underpinned by broad-based growth across key segments and a disciplined focus on efficiency and diversification. Pre-tax profit surged by 10 per cent year on year to AED 6.6 billion, reaffirming DIB’s ability to sustain strong earnings momentum and deliver long-term value creation.

Total assets advanced 14 per cent year to date to AED 393 billion, fast approaching the AED 400 billion milestone. Growth witnessed in net financing of 17 per cent and Sukuk investments of 16 per cent brought the combined portfolio to AED 343 billion. This strong performance has been driven by more than AED 90 billion in new financing across consumer, corporate, and wholesale segments. Customer deposits crossed the AED 300 billion mark, an increase of 21 per cent year to date and 27 per cent year on year, reflecting solid liquidity position and sustained balance sheet strength while expanding participation in real-economy financing across the UAE and key international markets.

Asset quality remained at its strongest in years, with the non-performing financing ratio dropping to 3.1 per cent, the cost of risk contained at 0.12 per cent, and the total coverage ratio increasing to 149 per cent. Supported by strong capital buffers and prudent risk management and sound governance, the return on tangible equity stood at a robust 22 per cent.

Beyond financial performance, DIB continued to play a central role in landmark sovereign and corporate transactions across Pakistan, Egypt, Türkiye, and other key markets, further consolidating its international presence and leadership in cross-border Islamic finance. At home, DIB remains a key enabler of national priorities, channelling capital into sectors that drive diversification and sustainable growth.

Our transformation agenda continues to advance rapidly. The integration of advanced analytics and AI across operations is delivering measurable gains in efficiency, customer insight, and decision-making. AI-driven solutions now analyse feedback from social channels and surveys, providing deep sentiment insights and enabling faster, data-led decisions. Recalibrated machine learning models are driving hyper-peronalised product offerings and improved marketing efficiency, while AI-powered productivity tools, including Copilot, continue to elevate operational performance across the oragnisation.

In parallel, DIB continues to advance its sustainable finance agenda, expanding green and social financing initiatives aligned with the UAE’s Net Zero 2050 Strategy and the global transition towards responsible growth.

Financial Review

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