Emirates Islamic
 | |
Native name | الإمارات الإسلامي |
|---|---|
| Type | Public bank |
| DFM: EIB | |
| ISIN | AEE000501016 |
| Industry | Banking |
| Founded | 2004 |
| Headquarters | , |
Number of locations | 36 (2025)[1] |
Key people | Hesham Abdulla Al Qassim (Chairman) Farid AlMulla (CEO) |
| Revenue | AED 3,34 billion (2025) (USD 910 million)[1] |
| AED 5,96 billion (2025) (USD 1,62 billion)[1] | |
| Total assets | AED 145 billion (2025) (USD 39,75 billion)[1] |
| Total equity | AED 17,7 billion (2025) (USD 4,83 billion)[1] |
Number of employees | 1610 (2025)[1] |
| Website | www |
Emirates Islamic (formerly known as Emirates Islamic Bank; Arabic: الإمارات الإسلامي) is one of the four Islamic banks in Dubai, United Arab Emirates.[2] 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.[3]
By 2025 the bank had more than 860,000 bank accounts.[1]
History
[edit]In March 2019, Emirates Islamic received the "Most Innovative Islamic Bank" award from Islamic Finance News.[4]
In October 2019, Emirates Islamic was named "Best Islamic Bank in the U.A.E." at the Global Industry Awards.[5][6]
In April 2019, Emirates Islamic announced it had launched banking via WhatsApp, saying it was the first Islamic bank to do so.[7]
As of December 2024, Emirates Islamic operated 40 branches in the U.A.E.[8]
In May 2025, Euromoney named Emirates Islamic "world’s best Islamic digital bank" for 2025.[9]
In June 2025, Emirates Islamic announced it was delisting from the Dubai Financial Market (DFM), after Emirates NBD acquired all remaining shares.[10][11][8]
Emirates Islamic was ranked 41st on Forbes Middle East's Top 100 Listed Companies 2025 list.[8]
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.[12][13]
In May 2026, Islamic Bank helped Middle East Specialised Cables Company (MESC) secure Sharia-compliant banking facilities worth 110 million UAE dirhams ($30 million).[14]
See also
[edit]References
[edit]- 1 2 3 4 5 6 7 "Annual Report 2025 - Innovation. Purpose. Prosperity" (PDF). Emirates Islamic.
- ↑ 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.
- ↑ 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.
- ↑ "Emirates Islamic named Most Innovative Islamic Bank by Islamic Finance News". dayofdubai.com.
- ↑ "Emirates Islamic named Best Islamic Bank, UAE, at World Finance Awards". Media-Avataar Mena. 2019-10-08.
- ↑ "Emirates Islamic Bank Named 'Best Islamic Bank In The UAE' At Global Industry Awards". Forbes ME.
- ↑ "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.
- 1 2 3 Mughal, Waqar. "Emirates Islamic". Forbes Lists.
- ↑ Crowney, Paul (2025-05-21). "The world's best Islamic digital bank 2025: Emirates Islamic Bank". Euromoney.
- ↑ Nair, Manoj (2025-06-09). "Dubai's Emirates Islamic Bank to be de-listed from DFM". Gulf News.
- ↑ "Emirates Islamic Bank to be Delisted from Dubai Stock Market". Finance World. 2025-06-09.
- ↑ ALDAH, HIND. "Buy, sell gold online: Emirates Islamic launches UAE's first digital investment service". Khaleej Times.
- ↑ "New Shari'ah-compliant investment solution in gold and silver launched in UAE - Emirates 24|7". Emirates 24/7.
- ↑ "Saudi cable maker MESC secures $30mln Islamic financing from Emirates Islamic Bank". www.zawya.com. 2026-05-06.
