Recent Research

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  FIRST LOOK NOTES

  08 Aug 2025

  Dubai Islamic Bank (DIB)

  HOLD

  Last Closing Price

  9.66

  Target Price

  9.50

  Upside (%)

  -1.66%

  UAE Equity Research - Dubai Islamic Bank (DIB) 2Q25 - First Look Note

  Customer deposits grew 21.2% YOY and 7.1% QOQ to AED 283.7 Bn in 2Q25, driven by effective strategies for customer acquisition and retention. Calculated NIM contracted by 32 basis points YOY to 2.5% in 2Q25.

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  EARNINGS CALL INSIGHT

  07 Aug 2025

  Dubai Islamic Bank (DIB)

  HOLD

  Last Closing Price

  9.69

  Target Price

  9.50

  Upside (%)

  -1.96%

  UAE Equity Research - Dubai Islamic Bank (DIB) 2Q25 - Earnings Call Insight

  Net funded income declined marginally 0.6% YOY to AED 2,122 Mn in 2Q25, attributed to a 0.3% YOY decline in funded income, partially offset by strong loan growth. Reported NIMs contracted from 2.9% in 1Q25 to 2.7% in 2Q25.

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• 

  FIRST LOOK NOTES

  30 Apr 2025

  Dubai Islamic Bank (DIB)

  BUY

  Last Closing Price

  7.50

  Target Price

  8.50

  Upside (%)

  +13.33%

  UAE Equity Research - Dubai Islamic Bank (DIB) 1Q25 - First Look Note

  Gross underwriting across financing and investments amounted to c. AED 26 Bn in 1Q25. Consumer business portfolio grew 7% YTD to AED 68 Bn in 1Q25 owing to strong growth in auto finance portfolio. NIMs soften 20 bps YOY to 2.6% in 1Q25.

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  EARNINGS CALL INSIGHT

  28 Apr 2025

  Dubai Islamic Bank (DIB)

  ACCUMULATE

  Last Closing Price

  7.45

  Target Price

  8.50

  Upside (%)

  +14.09%

  UAE Equity Research - Dubai Islamic Bank (DIB) 1Q25 - Earnings Call Insight

  Net funded income grew 2.0% YOY to AED 2.2 Bn in 1Q25, attributed to a 9.6% YOY decline in funded expense owing to lower cost of funds partially offset by contraction in asset yield. Reported NIMs contracted 10 bps YOY and 2 bps QOQ to 2.9% in 1Q25.

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• 

  FIRST LOOK NOTES

  25 Apr 2025

  Dubai Islamic Bank (DIB)

  BUY

  Last Closing Price

  7.54

  Target Price

  8.50

  Upside (%)

  +12.73%

  UAE Equity Research - Dubai Islamic Bank (DIB) 1Q25 - Earnings Flash

  Dubai Islamic Bank (DIB) delivered a Net Profit (post-tax) of AED 1,797 Mn in 1Q25, up by 8% YoY which is lower than our estimate by 8%, driven by higher business volumes, lower cost of funding, and strong asset quality despite higher tax rates this year.

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• 

  FIRST LOOK NOTES

  17 Feb 2025

  Dubai Islamic Bank (DIB)

  ACCUMULATE

  Last Closing Price

  7.65

  Target Price

  8.50

  Upside (%)

  +11.11%

  UAE Equity Research - Dubai Islamic Bank (DIB) 4Q24 - First Look Note

  The Bank’s NIMs increased 14 bps YOY and 38 bps QOQ to 3.2% in 4Q24. The NIMs for FY2025 are anticipated to be in the range of 2.8-3.0%. Asset quality improved as the reported NPL ratio improved to 4.0% in 4Q24 from to 4.3% in 3Q24.

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