Upper funded and non-funded revenue supported working cash in and balance-sheet expansion
Emirates Islamic reported AED2.2 billion ($599 million) in working cash in for the 1st 1/2 of 2026, representing a ten % build up from the similar duration closing 12 months as upper funded and non-funded revenue supported its efficiency.
Overall revenue rose 8 % 12 months on 12 months to AED3.2 billion, whilst the financial institution recorded a internet cash in of AED1.7 billion and maintained a internet cash in margin of three.1 %, in keeping with its professional first-half monetary effects.
Working bills higher 3 % to AED900 million, reflecting persisted strategic funding within the financial institution’s expansion plans. The slower build up in bills relative to revenue helped cut back the cost-to-income ratio to 29.1 %.
Impairment allowance fees reached AED251 million throughout the 1st six months of the 12 months.
Steadiness sheet expands
Overall property higher 5.5 % from the tip of 2025 to AED153.8 billion ($41.9 billion), reflecting persisted growth around the financial institution’s financing and deposit companies.
Buyer financing rose 9.1 % throughout the 1st 1/2 to AED97 billion, whilst buyer deposits higher 8.3 % to AED110.6 billion.
Present and financial savings account balances represented 65 % of general deposits, offering the financial institution with a considerable base of relatively cheap buyer investment.
The headline financing-to-deposit ratio stood at 88 %, ultimate conveniently inside the vary focused through leadership.
Asset high quality remained solid, with the non-performing financing ratio at 2.5 %. The financial institution maintained a financing protection ratio of 157.5 %, offering a considerable buffer towards attainable credit score losses.
Its Commonplace Fairness Tier 1 ratio stood at 14.8 %, whilst the entire capital adequacy ratio reached 15.9 %. Emirates Islamic stated the figures mirrored its robust and solid capital place.
Financial power mirrored
Hesham Abdulla Al Qassim, Chairman of Emirates Islamic, stated the first-half effects mirrored the power of the UAE financial system, with general revenue supported through upper funded and non-funded income and working cash in emerging 10 %.
He stated the UAE’s persisted expansion demonstrated the rustic’s management and dedication to growth and prosperity.
Al Qassim added that Emirates Islamic remained dedicated to supporting the UAE’s financial ambitions and handing over sustainable long-term price for patrons, corporations and communities in keeping with Islamic finance ideas.
The financial institution persisted increasing its Islamic funding and investment merchandise throughout the duration. It introduced what it described because the UAE’s first Shariah-compliant Certificates of Deposit Programme, designed to diversify alternatives for buyers, make stronger its investment base and make bigger its global succeed in.
Sustainable finance additionally remained a key expansion house. Emirates Islamic finished a number of financing amenities connected to environmental, social and governance objectives throughout the 1st 1/2.
Sustainable finance popularity
The financial institution gained the Sustainable Finance Deal of the 12 months – Center East award on the International Finance Sustainable Finance Awards 2026.
The popularity adopted Emirates Islamic’s issuance of what it described as the sector’s first sustainability-linked financing sukuk in 2025.
Farid AlMulla, Leader Government Officer of Emirates Islamic, stated the financial institution maintained a powerful expansion trajectory throughout the 1st six months of 2026, demonstrating the resilience of its trade style.
He stated the 5.5 % build up in general property to AED153.8 billion underlined Emirates Islamic’s talent to ship sustainable expansion within the prevailing working surroundings.
AlMulla added that the financial institution’s robust capital, liquidity and diverse investment base supported buyer expansion, enabling financing to extend 9.1 % and deposits to make bigger 8.3 %.
He stated present and financial savings accounts representing 65 % of general deposits mirrored robust buyer relationships, persisted agree with and the standard of the financial institution’s virtual proposition.
Virtual investments make bigger
Emirates Islamic changed into the 1st Islamic financial institution within the UAE to offer virtual gold and silver investments via its EI+ cell software.
The provider provides consumers virtual get right of entry to to Shariah-compliant precious-metal investments, broadening the wealth diversification merchandise to be had in the course of the financial institution’s virtual channels.
AlMulla stated Emirates Islamic’s people-first tradition additionally gained exterior popularity after the financial institution used to be ranked some of the 10 most galvanizing places of work within the Center East and Africa.
He stated the popularity bolstered the financial institution’s place as an employer of selection and supported its long-term expansion.
Emirates Islamic additionally expanded the risk-management products and services introduced to corporations through introducing Shariah-compliant commodity hedging answers. The goods come with profit-rate hedging and foreign currency echange choices meant to assist shoppers organize commodity worth volatility, mitigate monetary dangers and offer protection to money flows.
Trade products and services develop
Mohammad Kamran Wajid, Deputy Leader Government Officer of Emirates Islamic, stated the financial institution persisted serving to companies develop and create lasting price as a depended on Islamic banking spouse.
He stated the brand new commodity hedging merchandise gave company shoppers get right of entry to to adapted risk-management answers that might assist them reply to converting marketplace stipulations.
The financial institution additionally persisted its strategic partnership with FC Barcelona in the course of the Emirates Islamic Barça Cashback Card. The product is designed to convey consumers nearer to the soccer membership whilst rewarding their on a regular basis spending.
Give a boost to for the UAE’s small and medium-sized endeavor ecosystem remained every other precedence. Emirates Islamic stated its newest trade banking marketing campaign helped greater than 40,000 SMEs make stronger resilience, pursue expansion and give a contribution to nationwide financial construction.
The financial institution used to be additionally named Center East’s Best possible for Shopper Carrier on the Euromoney Non-public Banking Awards 2026, spotting its customer support and digitally enabled banking revel in.
Wajid stated Emirates Islamic remained located for sustainable expansion and would use its monetary power to make bigger its Islamic banking management, give a boost to buyer studies and create lasting price for patrons, shareholders and the broader group.
Previous effects when put next
Emirates Islamic entered 2026 after reporting document cash in earlier than tax of AED2.2 billion throughout the 1st 1/2 of 2025. Internet cash in for that duration reached AED1.863 billion after expanding 12 % 12 months on 12 months.
Overall revenue stood at AED2.937 billion within the first 1/2 of 2025, whilst bills reached AED892 million. The financial institution’s internet cash in margin used to be upper at 3.74 % and its cost-to-income ratio stood at 30.4 %.
Its stability sheet used to be additionally smaller. Overall property reached AED138 billion, buyer financing stood at AED80 billion and buyer deposits totaled AED97.4 billion. Present and financial savings accounts represented 65.5 % of deposits.
The non-performing financing ratio used to be 2.8 %, when put next with 2.5 % in the newest duration, indicating an growth within the share of impaired financing. On the other hand, protection eased from 159.9 % to 157.5 %.
Capital ratios additionally moderated because the stability sheet expanded. The Commonplace Fairness Tier 1 ratio declined from 17.4 % in June 2025 to fourteen.8 % in June 2026, whilst the capital adequacy ratio moved from 18.5 % to fifteen.9 %.
Quarterly momentum continues
The half-year figures lengthen the stability sheet expansion reported within the first quarter of 2026. On the finish of March, general property stood at AED149 billion, financing at AED94 billion and deposits at AED109 billion.
This implies property added AED4.8 billion between the tip of March and June, whilst financing higher through every other AED3 billion and deposits rose through AED1.6 billion.
Working cash in had higher 7 % 12 months on 12 months to AED1.1 billion throughout the 1st quarter. The primary-half working results of AED2.2 billion suggests the financial institution sustained its working momentum throughout the second one quarter.
The financing-to-deposit ratio rose from 86 % on the finish of March to 88 % on the finish of June as financing expanded extra temporarily than deposits. Present and financial savings accounts accounted for 66 % of deposits within the first quarter earlier than easing somewhat to 65 % on the half-year degree.
The non-performing financing ratio remained unchanged at 2.5 %, whilst protection higher from 153.2 % to 157.5 %.
Islamic banking expansion
The effects had been revealed throughout a duration of persisted growth around the UAE’s Islamic banking marketplace. Dubai Islamic Financial institution, the rustic’s greatest Islamic lender through property, reported that internet financing property higher 7 % to AED281 billion throughout the 1st 1/2 of 2026.
Dubai Islamic Financial institution’s buyer deposits reached AED327 billion and general property rose to AED423 billion. Its non-performing financing ratio progressed to two.4 %, in keeping with its first-half effects.
Sharjah Islamic Financial institution additionally reported stability sheet growth, with general property achieving AED94.5 billion and buyer financing expanding 9.5 % to AED49.9 billion throughout the duration. Buyer deposits rose 6.6 % to AED59.4 billion.
The performances point out that call for for Shariah-compliant financing remained resilient throughout retail, company and institutional banking regardless of regional financial uncertainty.
