Emirates Islamic, the Islamic banking arm of Emirates NBD Group, has reported an working revenue of AED 3.3 billion for the primary 9 months of 2026, a 7% enhance year-on-year. Net revenue held broadly steady at AED 2.7 billion, supported by double-digit development in each financing and deposits and a wholesome web revenue margin of three%.
Total earnings reached AED 4.7 billion, up 6% on the identical interval a yr earlier, with the financial institution attributing the advance primarily to larger non-funded earnings. Operating bills rose 5% to AED 1.4 billion, which administration described as reflecting continued strategic funding. Impairment costs got here in at AED 141 million.
Balance sheet and capital place
The stability sheet expanded meaningfully over the nine-month interval. Total belongings grew 8.6% to AED 158.3 billion, whereas buyer financing climbed 14.4% to AED 101.6 billion and buyer deposits elevated 13.4% to AED 115.8 billion. Current and financial savings account balances accounted for 63.2% of complete deposits, a metric the financial institution flagged as proof of a resilient and lower-cost funding combine.
Capital ratios stay effectively above minimal thresholds. The Common Equity Tier 1 ratio stood at 15.1% and the general capital adequacy ratio at 16.2%, leaving significant headroom beneath Basel III necessities as utilized by the UAE Central Bank. The financing-to-deposit ratio of 87.7% sits inside administration’s said goal vary.
Credit high quality metrics held regular. The non-performing financing ratio was 2.4%, coated at 151.5%, a protection stage that gives a cloth buffer in opposition to any deterioration in asset high quality as price circumstances evolve throughout the Gulf.
Chief govt Farid AlMulla mentioned the outcomes mirrored energy throughout all enterprise 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 mentioned.
The financial institution additionally disclosed an MoU with Dubai Chambers to supply Shariah-compliant banking companies to members of the Dubai Chamber of Commerce, masking commerce finance, money administration and company financing. The partnership is primarily distribution-oriented, giving Emirates Islamic entry to a broad base of SME prospects at a second when enterprise banking is a said development precedence. The financial institution says it already serves greater than 45,000 SMEs in the UAE.
Market context and regulatory read-across
Emirates Islamic operates in a aggressive Islamic finance market in which a number of regional establishments, together with Abu Dhabi Islamic Bank and Kuwait Finance House, are pursuing comparable stability sheet development methods. The sector is being formed by the UAE’s Islamic Finance and Halal Industry Strategy 2025 to 2031, which units a coverage framework for increasing Shariah-compliant monetary merchandise throughout each retail and wholesale segments.
The financial institution additionally highlighted its USD 500 million Sustainability-Linked Financing Sukuk, which obtained the “World’s Best Sukuk Deal” award on the Euromoney Islamic Finance Awards 2026. The financial institution describes it as the primary sustainability-linked sukuk of its type globally, a declare that displays the early-stage nature of ESG integration in Islamic capital markets. Sukuk constructions are attracting rising regulatory consideration in the context of the UAE’s broader sustainable finance agenda, and offers of this sort are more likely to face rising disclosure expectations as inexperienced and sustainability-linked bond frameworks are tightened internationally.
Looking forward, the important thing variables to observe are the trajectory of non-funded earnings as rate of interest dynamics in the Gulf shift, the tempo at which the financial institution converts its SME pipeline into recurring charge income, and the timeline for additional licence or product developments beneath the nationwide Islamic finance technique.
AI stage 1 of 5: written by Darlyn Ho; AI helped with tone, construction or wording; edited and signed off by Mark Walker, Editorial Director. What the levels mean
