ADIB Reports 9% Growth in H1 2026 Net Profit Before Tax to AED4. 3 Billion - Business Today Middle East
Abu Dhabi Islamic Bank (ADIB)delivered a strong financial performance in the first half of 2026, reportingnet profit before tax of AED4. 3 billion, an increase of9%compared with the same period last year,. . .
Abu Dhabi Islamic Bank (ADIB)delivered a strong financial performance in the first half of 2026, reportingnet profit before tax of AED4. 3 billion, an increase of9%compared with the same period last year, supported by robust financing growth, strong asset quality and diversified revenue streams. The bank’snet profit after taxreachedAED3. 8 billion, up8%year-on-year, while maintaining an industry-leadingreturn on equity (ROE) of 28%, highlighting the strength of its operating model. During the second quarter, net profit before tax rose6%compared with the first quarter, reachingAED2. 2 billion, reflecting continued business momentum. ADIBadded125,000 new customersduring the first six months of the year, supporting balance sheet expansion and reinforcing the strength of its franchise as customer demand continued to grow. Totalrevenue increased 9%year-on-year toAED6. 5 billion, driven by strong performance across the bank’s core businesses, expanding customer financing, deposit growth and higher transaction volumes across key retail and wholesale banking segments. Funded incomerose14%toAED4. 1 billion, supported by a26% increase in customer financingand the bank’s ability to generate sustainable returns while maintaining a healthynet profit margin of 3. 78%through disciplined asset pricing and effective balance sheet management. Meanwhile,non-funded incomeincreased3%year-on-year toAED2. 4 billion, while growing6%quarter-on-quarter toAED1. 23 billionduring the second quarter. Growth was driven by higher income from cards, foreign exchange, trade finance and investment activities. Non-funded income accounted for37% of total revenue, underscoring the continued diversification of ADIB’s earnings and the strength of its business model. The bank’s performance was further supported by sustained customer acquisition, steady growth in financing and deposits, and continued gains in market share across key banking segments. Commenting on the results,H. E. Jawaan Awaidha Suhail Awaidha Al Khaili, Chairman of ADIB, said surpassingAED300 billion in total assetsfor the first time marks a significant milestone in the bank’s growth journey. He said the achievement reflects the strength of ADIB’s franchise, the confidence of its customers, the resilience of the UAE economy and the bank’s ability to deliver industry-leading profitability while maintaining strong funding, high asset quality and a healthy growth pipeline. Mohamed Abdelbary, Group Chief Executive Officer of ADIB, said the results demonstrate the quality and sustainability of the bank’s earnings, supported by strong liquidity, disciplined risk management, continued market share gains and solid growth across both retail and wholesale banking. He added that ADIB remains well positioned to sustain its growth trajectory while continuing to create long-term value for customers and shareholders.