{
  "id": 15880426,
  "title": "Emirates Islamic operating profit rises 7% to Dh3.3 billion",
  "url": "https://urgent.news/2026/10/21/emirates-islamic-operating-profit-rises-7-to-dh3-3-billion",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T10:09:20.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/business/banking/emirates-islamic-operating-profit-rises-7-to-dh33-billion-1.500718330"
  },
  "original_language": "en",
  "account": "Dubai-based Emirates Islamic reported a 7% increase in operating profit to Dh3.3 billion for the first nine months of 2026. Higher fee-based income and growth in customer financing and deposits drove this increase. Total income rose 6% year-on-year to Dh4.7 billion, with non-funded income streams playing a key role. Net profit remained relatively stable at Dh2.7 billion. Operating expenses grew 5% to Dh1.4 billion, reflecting continued business expansion investments. Total assets increased 8.6% to Dh158.3 billion, driven by growth in retail, corporate, and small business operations. Customer financing rose 14.4% to Dh101.6 billion, while deposits climbed 13.4% to Dh115.8 billion. The financing-to-deposit ratio stood at 87.7%, meeting the bank's target range. CEO Farid AlMulla noted that the diversified business model supported strong results, with robust growth in non-funded income. The bank reported a non-performing financing ratio of 2.4% and a capital adequacy ratio of 16.2%, ensuring capacity for further growth. The company also highlighted its business banking operations, serving over 45,000 SMEs across the UAE, and received several awards for its Islamic capital markets initiatives.",
  "summary": "Dubai: Emirates Islamic reported a 7 per cent increase in operating profit to Dh3.3 billion for the first nine months of 2026, supported by higher fee-based income and growth in customer financing and deposits. Total income rose 6 per cent year-on-year to Dh4.7 billion, driven by stronger non-funded income, while net profit remained broadly unchanged at Dh2.7 billion. The Dubai-based Islamic…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}