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Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

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BYD Q3 profit down 33%

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Emirates Islamic Q1 profit $394m

The bank's quarterly profit surpassed the AED 1bn mark for the first time. (WAM)
By TRENDS Desk
April 22, 2025 10:24 pm
  • Total income rose 8 percent year-on-year to AED1.45 billion ($394 million) in Q1 2025.
  • Operating profit increased by 5 percent compared to Q1 2024, while the net profit margin remained robust at 3.85 percent.

Dubai, UAE — Emirates Islamic’s quarterly profit surpassed the AED1 billion milestone for the first time, growing 24 percent year-on-year compared to the same period last year.

The strong performance was supported by continued positive business sentiment in the UAE, which drove both funded and non-funded income higher. Total income rose 8 percent year-on-year to AED1.45 billion ($394 million) in Q1 2025.

Operating profit increased by 5 percent compared to Q1 2024, while the net profit margin remained robust at 3.85 percent.

Total assets climbed 11 percent to AED 123 billion during the first quarter. Customer financing grew by 7 percent to AED 75 billion, and customer deposits rose by 8 percent to reach AED 83 billion.

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