Total income reached AED 4.7 billion, up 6% on the same period a year earlier, with the bank attributing the improvement primarily to higher non-funded income. Operating expenses rose 5% to AED 1.4 billion, which management described as reflecting continued strategic investment. Impairment charges came in at AED 141 million.

The balance sheet expanded meaningfully over the nine-month period. Total assets grew 8.6% to AED 158.3 billion, while customer financing climbed 14.4% to AED 101.6 billion and customer deposits increased 13.4% to AED 115.8 billion. Current and savings account balances accounted for 63.2% of total deposits, a metric the bank flagged as evidence of a resilient and lower-cost funding mix.

Capital ratios remain well above minimum thresholds. The Common Equity Tier 1 ratio stood at 15.1% and the overall capital adequacy ratio at 16.2%, leaving meaningful headroom under Basel III requirements as applied by the UAE Central Bank. The financing-to-deposit ratio of 87.7% sits within management’s stated target range.

Credit quality metrics held steady. The non-performing financing ratio was 2.4%, covered at 151.5%, a coverage level that provides a material buffer against any deterioration in asset quality as rate conditions evolve across the Gulf.

Chief executive Farid AlMulla said the results reflected strength across all business segments. “Double-digit growth in both financing and deposits reflects the strength of our franchise and customers’ growing preference for Emirates Islamic, supported by market share gains across Retail, Corporate and SME banking,” he said.

The bank also disclosed an MoU with Dubai Chambers to provide Shariah-compliant banking services to members of the Dubai Chamber of Commerce, covering trade finance, cash management and corporate financing.

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