{"id":91280,"date":"2024-04-24T00:00:00","date_gmt":"2024-04-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/"},"modified":"2024-04-24T00:00:00","modified_gmt":"2024-04-24T00:00:00","slug":"dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/","title":{"rendered":"Dubai Islamic Bank reports AED 1.8 bn in net income in 1Q"},"content":{"rendered":"

Dubai Islamic Bank (DIB) reported a 22% y-o-y increase in net income before tax to AED 1.85 bn during 1Q 2024<\/strong>, according to an earnings release (pdf)<\/a>. The bank attributed the increase to \u201chigher total income and lower impairment charges.\u201d The lender\u2019s top line rose 26.5% y-o-y to AED 5.6 bn, while impairment charges decreased to AED 299 mn, down by 40% from 1Q 2023.<\/p>\n

Net financing and sukuk investments rose to AED 277 bn<\/strong>, according to the release. Meanwhile, the bank saw significant growth in new financing and sukuk disbursements during the quarter, reaching AED 8.9 bn, compared to AED 1.9 bn in the previous year.<\/p>\n","protected":false},"excerpt":{"rendered":"

The lender\u2019s topline rose 26% y-o-y to AED 5.6 bn<\/p>\n","protected":false},"author":1,"featured_media":91281,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1596],"tags":[159,188,237,7],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-banking","tag-dubai-islamic-bank","tag-earnings-watch","tag-enterpriseam-uae","wpautop","entry"],"acf":{"mongo_id":"fb501da4-d9b1-49ef-a024-af66b7031482","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/1754.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Dubai Islamic Bank reports AED 1.8 bn in net income in 1Q","related_issue":[91265],"teaser":"The lender\u2019s topline rose 26% y-o-y to AED 5.6 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.943cd557-dc85-492c-adeb-125513386675.mp3"},"yoast_head":"\nDubai Islamic Bank reports AED 1.8 bn in net income in 1Q - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dubai Islamic Bank reports AED 1.8 bn in net income in 1Q\" \/>\n<meta property=\"og:description\" content=\"The lender\u2019s topline rose 26% y-o-y to AED 5.6 bn\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-24T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1754.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Dubai Islamic Bank reports AED 1.8 bn in net income in 1Q\",\"datePublished\":\"2024-04-24T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/\"},\"wordCount\":108,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1754.jpg?fit=%2C&ssl=1\",\"keywords\":[\"banking\",\"Dubai Islamic Bank\",\"EARNINGS WATCH\",\"EnterpriseAM UAE\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/\",\"name\":\"Dubai Islamic Bank reports AED 1.8 bn in net income in 1Q - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1754.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-04-24T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1754.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1754.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dubai Islamic Bank reports AED 1.8 bn in net income in 1Q\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Dubai Islamic Bank reports AED 1.8 bn in net income in 1Q - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/","og_locale":"en_US","og_type":"article","og_title":"Dubai Islamic Bank reports AED 1.8 bn in net income in 1Q","og_description":"The lender\u2019s topline rose 26% y-o-y to AED 5.6 bn","og_url":"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/","og_site_name":"UAE","article_published_time":"2024-04-24T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1754.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Dubai Islamic Bank reports AED 1.8 bn in net income in 1Q","datePublished":"2024-04-24T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/"},"wordCount":108,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1754.jpg?fit=%2C&ssl=1","keywords":["banking","Dubai Islamic Bank","EARNINGS WATCH","EnterpriseAM UAE"],"articleSection":["EARNINGS WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/","url":"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/","name":"Dubai Islamic Bank reports AED 1.8 bn in net income in 1Q - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1754.jpg?fit=%2C&ssl=1","datePublished":"2024-04-24T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1754.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1754.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2024\/04\/24\/dubai-islamic-bank-reports-aed-1-8-bn-in-net-income-in-1q\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Dubai Islamic Bank reports AED 1.8 bn in net income in 1Q"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1754.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1754.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1754.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/91280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=91280"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/91280\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/91265"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/91281"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=91280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=91280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=91280"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=91280"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=91280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}