The best Islamic bank in the UAE 2023: Dubai Islamic Bank

Dubai Islamic Bank reported a 12% year-on-year rise in net profit in the first quarter of 2023, while total income grew by 47% over the same period – the result of strong income from financing assets and robust cost management.

Dubai Islamic Bank reported a 12% year-on-year rise in net profit in the first quarter of 2023, while total income grew by 47% over the same period – the result of strong income from financing assets and robust cost management.

The steady growth in DIB’s Islamic banking business is driving these results. According to chief executive Adnan Chilwan and chairman Mohammed Ibrahim Al Shaibani, the rising role of Shariah-compliant assets on the balance sheet help keep the bank – and the UAE more broadly – well insulated from global contagion risks.

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