DIB posts 7% YoY growth to record Dh18.6 billion gross revenue

The UAE's largest Islamic bank by assets, DIB, announced a 7% year-on-year increase in gross revenue to a record Dh18.6 billion for the first nine months of 2026. This growth was attributed to disciplined execution and an improving risk profile. Operating revenue rose 3% to Dh9.9 billion, and operating profit before impairment charges increased 4% to Dh7.1 billion.

Profit before tax reached Dh6.6 billion, and profit after tax amounted to Dh5.6 billion. Total assets grew to Dh427 billion, a 3% increase year to date. Net financing assets grew nearly 10% to Dh287.1 billion, while net financing and sukuk investments increased 6% to Dh372.1 billion. Customer deposits reached Dh323.5 billion, up 1%.

The non-performing financing ratio improved to 2.4%, and the Common Equity Tier 1 ratio rose to 13.4% and capital adequacy ratio to 16.5%. Chairman Fadhel Abdulbaqi Al Ali emphasized customer service, innovation, and Islamic finance as key drivers of DIB's future growth. The bank's priorities moving forward include placing customers at the center of everything it does, enhancing products and services, accelerating the adoption of advanced technologies like artificial intelligence, and serving customers effectively.

Group Chief Executive Officer Dr Adnan Chilwan highlighted consistent execution as a defining characteristic of DIB's success. He also outlined plans to sustain quality growth, deepen customer relationships, and accelerate strategic priorities for the remainder of 2026. DIB's funding diversification efforts, including a $1 billion Additional Tier 1 sukuk issuance and a $750 million syndicated Islamic financing facility, further strengthened its financial position.