Abu Dhabi, UAE – Abu Dhabi Islamic Bank (ADIB) reported strong financial results for the first half of 2026, driven by robust financing growth, higher revenues, improved asset quality, and continued customer acquisition, as the bank’s total assets exceeded Dh300 billion for the first time.
ADIB posted a net profit after tax of Dh3.8 billion for the six months ended June 30, 2026, representing an 8% increase compared to the same period last year. Net profit before tax rose 9% year-on-year to Dh4.3 billion, while second-quarter pre-tax profit increased 6% quarter-on-quarter to Dh2.2 billion.
The bank attributed its strong performance to healthy customer financing growth, resilient asset quality, and diversified revenue streams. During the first half of the year, ADIB welcomed 125,000 new customers, supporting further balance sheet expansion and reinforcing its position in the UAE banking sector.
Total revenue for the period grew 9% year-on-year to Dh6.5 billion. Funded income increased 14% to Dh4.1 billion, reflecting strong momentum across both retail and wholesale banking businesses. Meanwhile, non-funded income rose 3% to Dh2.4 billion, accounting for 37% of total revenues, supported by growth in cards, foreign exchange, trade finance, and investment-related activities.
ADIB maintained a net profit margin of 3.78% and delivered a return on equity (ROE) of 28%, among the highest in the UAE banking sector. Operating expenses rose 12% to Dh1.9 billion as the bank continued investing in talent, technology, and digital capabilities, while maintaining a cost-to-income ratio of 29%.
The bank also reported continued improvements in asset quality. Its non-performing asset (NPA) ratio declined to a record low of 2.2%, while coverage excluding collateral improved to 108.1%, up from 85.3% a year earlier. Impairment charges remained broadly stable at Dh301 million, equivalent to a cost of risk of 33 basis points.
ADIB’s balance sheet continued to strengthen during the period. Total assets increased 17% year-on-year to Dh304 billion, while gross customer financing grew 26%, adding Dh43 billion compared with the same period last year. Customer deposits rose 15% to Dh246 billion, supported by a strong current and savings account base, which represented 64% of total deposits.
Jawaan Awaidah Al Khaili, Chairman of ADIB, said:
“Surpassing Dh300 billion in assets for the first time marks a significant milestone in ADIB’s growth journey and reflects the strength of our franchise, the trust of our customers, the resilience of the UAE economy and our ability to deliver industry-leading profitability.”
Mohamed Abdelbary, Group Chief Executive Officer of ADIB, said the bank’s performance reflects the sustainability of its earnings, supported by strong funding and liquidity, disciplined risk management, and continued market share gains across both retail and wholesale banking.
