Emirates Islamic

Emirates Islamic
Native name
الإمارات الإسلامي
TypePublic bank
DFM: EIB
ISINAEE000501016
IndustryBanking
Founded2004; 22 years ago (2004)
Headquarters
Dubai
,
United Arab Emirates
Number of locations
36 (2025)
Key peopleHesham Abdulla Al Qassim
(Chairman)
Farid AlMulla
(CEO)
RevenueAED 3,34 billion (2025)
(USD 910 million)
AED 5,96 billion (2025)
(USD 1,62 billion)
Total assetsAED 145 billion (2025)
(USD 39,75 billion)
Total equityAED 17,7 billion (2025)
(USD 4,83 billion)
Number of employees
1610 (2025)
Websitewww.emiratesislamic.ae

Emirates Islamic (formerly known as Emirates Islamic Bank; Arabic: الإمارات الإسلامي) is one of the four Islamic banks in Dubai, United Arab Emirates. The bank was established in 2004 to provide banking services in line with Shari'a principles. It offers products designed for individuals and small businesses as well as large corporations.

By 2025 the bank had more than 860,000 bank accounts.

History

In March 2019, Emirates Islamic received the "Most Innovative Islamic Bank" award from Islamic Finance News.

In October 2019, Emirates Islamic was named "Best Islamic Bank in the U.A.E." at the Global Industry Awards.

In April 2019, Emirates Islamic announced it had launched banking via WhatsApp, saying it was the first Islamic bank to do so.

As of December 2024, Emirates Islamic operated 40 branches in the U.A.E.

In May 2025, Euromoney named Emirates Islamic "world’s best Islamic digital bank" for 2025.

In June 2025, Emirates Islamic announced it was delisting from the Dubai Financial Market (DFM), after Emirates NBD acquired all remaining shares.

Emirates Islamic was ranked 41st on Forbes Middle East's Top 100 Listed Companies 2025 list.

In April 2026, Emirates Islamic launched the U.A.E.'s first digital investment service that would let customers invest in certified physical gold and silver bars through a mobile app.

In May 2026, Islamic Bank helped Middle East Specialised Cables Company (MESC) secure Sharia-compliant banking facilities worth 110 million UAE dirhams ($30 million).

See also

References

  1. 1 2 3 4 5 6 7 "Annual Report 2025 - Innovation. Purpose. Prosperity" (PDF). Emirates Islamic.
  2. ↑ Hassan Al-Tamimi, Hussein A.; Mohammed Al-Mazrooei, Faris (2007-08-21). Powers, Michael R. (ed.). "Banks' risk management: a comparison study of UAE national and foreign banks". The Journal of Risk Finance. 8 (4): 394–409. doi:10.1108/15265940710777333. ISSN 1526-5943.
  3. ↑ Saif H. Al Zaabi, Obaid (2011-06-21). "Potential for the application of emerging market Z-score in UAE Islamic banks". International Journal of Islamic and Middle Eastern Finance and Management. 4 (2): 158–173. doi:10.1108/17538391111144498. ISSN 1753-8394.
  4. ↑ "Emirates Islamic named Most Innovative Islamic Bank by Islamic Finance News". dayofdubai.com.
  5. ↑ "Emirates Islamic named Best Islamic Bank, UAE, at World Finance Awards". Media-Avataar Mena. 2019-10-08.
  6. ↑ "Emirates Islamic Bank Named 'Best Islamic Bank In The UAE' At Global Industry Awards". Forbes ME.
  7. ↑ "Emirates Islamic says first to launch WhatsApp banking services - Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More". Arabian Business. 2019-04-19.
  8. 1 2 3 Mughal, Waqar. "Emirates Islamic". Forbes Lists.
  9. ↑ Crowney, Paul (2025-05-21). "The world's best Islamic digital bank 2025: Emirates Islamic Bank". Euromoney.
  10. ↑ Nair, Manoj (2025-06-09). "Dubai's Emirates Islamic Bank to be de-listed from DFM". Gulf News.
  11. ↑ "Emirates Islamic Bank to be Delisted from Dubai Stock Market". Finance World. 2025-06-09.
  12. ↑ ALDAH, HIND. "Buy, sell gold online: Emirates Islamic launches UAE's first digital investment service". Khaleej Times.
  13. ↑ "New Shari'ah-compliant investment solution in gold and silver launched in UAE - Emirates 24|7". Emirates 24/7.
  14. ↑ "Saudi cable maker MESC secures $30mln Islamic financing from Emirates Islamic Bank". www.zawya.com. 2026-05-06.