Emirates Islamic Bank reported a net profit of Dh1 billion for the first quarter of 2025, marking a 24% increase compared to the same period last year. The bank’s total income rose 8% year-on-year to Dh1.45 billion, driven by growth in funded and non-funded income.
Customer financing grew by 7% to Dh75 billion, while customer deposits increased by 8% to Dh83 billion. Current and savings account balances constituted 71% of total deposits. The bank’s total assets reached Dh123 billion, an 11% increase.
The non-performing financing ratio improved to 4%, with a coverage ratio of 146%. The bank’s Tier 1 capital ratio stood at 17.8%, and the capital adequacy ratio was 18.9%. The financing-to-deposit ratio was 91%.
