Emirates Islamic, the Sharia-compliant arm of the Emirates NBD Group, has reported a record-breaking performance for the first quarter of 2026. The bank’s profit before tax reached a landmark AED 1.1 billion, representing a 7% increase compared to the previous year. This result highlights the growing demand for Islamic financial services and the bank’s ability to capture a significant share of the retail and corporate markets in the UAE.
The surge in profitability was supported by an 11% increase in total income, driven by strong growth in both financing and investment portfolios. The bank has successfully leveraged Dubai’s position as a global capital for the Islamic economy to attract a diverse range of customers. From small and medium enterprises (SMEs) to large-scale infrastructure projects, Emirates Islamic has provided tailored Sharia-compliant solutions that support the UAE’s broader economic objectives.
A key factor in the bank’s success has been its focus on digital transformation. By introducing innovative mobile banking features and streamlined digital onboarding, the bank has significantly enhanced its customer experience. This digital-first approach has not only improved operational efficiency but has also attracted a younger, tech-savvy demographic that prioritizes convenience and transparency in their financial dealings.
The bank’s strong capital position and liquidity levels provide a solid foundation for future growth. With a focus on sustainable financing, Emirates Islamic is also playing a key role in the UAE’s transition to a low-carbon economy. The bank’s recent issuance of sustainability-linked Sukuk reflects its commitment to ESG principles. As the UAE continues to lead the global Islamic finance industry, Emirates Islamic remains at the forefront of innovation and financial excellence, proving that Sharia-compliant banking is a powerful driver of modern economic growth.