UAE Equity Research-Dubai Islamic Bank (DIB) 2Q26- First Look Note
Dubai Islamic Bank (“DIB”, “the Bank”) reported a marginal 0.1% YOY decline in net profit to AED 1,856 Mn in 2Q26, higher than our estimate of AED 1,451 Mn. The marginal decline in net profit is primarily driven by higher funded expenses, operating expenses, and tax charges, coupled with lower other non-funded income, partially offset by higher funded income and lower impairment charges.
