Dubai – Mubasher: Dubai Islamic Bank (DIB) registered AED 1.79 billion in net profit during the first quarter (Q1) of 2025, an annual increase of 8% from AED 1.66 billion.
Basic and diluted earnings per share (EPS) went up to AED 0.23 as of 31 March 2025 from 0.21 in the year-ago period, according to the financial results.
Total income reached AED 5.51 billion in Q1-25, down 2% year-on-year (YoY) from AED 5.60 billion.
The bank’s total assets grew by 3% to AED 355.26 billion as of 31 March 2025 from AED 344.68 billion at the end of December 2024. Meanwhile, the customers’ deposits rose by 7% to AED 264.84 billion from AED 248.54 billion.
Mohammed Ibrahim Al Shaibani, Chairman of DIB, commented: “With this backdrop, global growth is expected to stay moderate, and inflationary trends remain present in select advanced and emerging markets.”
“Despite these global conditions, the UAE continues to stand out. Its expanding non-oil economy, deep trade partnerships and steady domestic growth have allowed it to maintain stability and move forward with confidence,” Al Shaibani elaborated.
Adnan Chilwan, Group CEO of DIB, stated: “The balance sheet grew to AED 355 billion, up by more than 3% year to date, supported by deposits growth of nearly 7% as we continue to deliver balanced, quality-driven expansion across our retail and wholesale segments.”
In 2024, DIB recorded 16% YoY higher net profits at AED 8.16 billion, compared to AED 7 billion.
