Dubai Islamic Bank (DIB) investor relations material

Executive summary

• Q1 2026 delivered strong growth in revenues and profits, with operating revenue up 13% year-on-year to AED 3.5 billion and operating profit up 12% year-on-year, reflecting strong operational efficiency and alignment with strategic objectives.

• Net profit for Q1 2026 was AED 1,798.7 million, nearly flat year-on-year, with total assets rising to AED 419.9 billion.

• Asset quality improved, with NPF ratio down to 2.5% and cash coverage at 122%.

• Digital adoption surged, with 98% of customers using digital channels and 84% of new customers onboarded digitally.

• The UAE operating environment remained stable, supporting business momentum and operational continuity.

Financial highlights

• Net financing and Sukuk investments grew 3% YTD to AED 364 billion; total assets reached AED 420 billion.

• Net profit after tax was AED 1.8 billion; pre-tax return on tangible equity at 21%.

• Non-funded income grew 30% year-on-year to AED 1.2 billion; cost-to-income ratio held at 28.2%.

• Operating expenses increased 14% year-on-year to AED 1.0 billion, mainly due to higher personnel and administrative costs.

• Impairment charges rose to AED 420 million, including a prudent ECL overlay of AED 186 million.

Outlook and guidance

• On track to meet or exceed full-year guidance, with key metrics such as net financing growth, margins, and asset quality performing as expected.

• NIM guidance held at 2.3%–2.5%, pending further clarity on interest rate movements.

• Management continues to monitor macroeconomic and geopolitical risks, with ongoing assessment of credit risk and ECL assumptions.