Dubai – Mubasher: The consolidated net profits attributable to the owners of Dubai Islamic Bank (DIB) soared to AED 5.47 billion in 2022 from AED 4.39 billion in 2021, according to the income statements.

The basic and diluted earnings per share (EPS) went up to AED 0.70 in 2022, compared to AED 0.53 a year earlier.

DIB’s net income amounted to AED 10.46 billion in 2022, a growth from AED 9.42 billion in 2021.

Meanwhile, the lender’s total assets reached AED 288.23 billion at the end of 2022, versus AED 279.08 billion in the previous year.

The bank also registered a net operating profit of AED 7.73 billion last year, an annual jump of 12% from AED 6.89 billion.

Ibrahim Al Shaibani, Chairman of DIB, commented: “DIB attained its strongest year in its history with robust growth in profitability as total income reached AED 14 billion, a 20% year-on-year (YoY) growth and balance sheet now at AED 288 billion witnessing a five-year compound annual growth rate (CAGR) of 7%.”

Cash Dividends

Al Shaibani added: “In light of the group’s strong performance, we are pleased to propose a 30% dividend to our valued shareholders who have placed their trust and confidence in the board and management.”

In the first nine months (9M) of 2022, DIB posted net profits attributable to the shareholders worth AED 4.04 billion, compared to AED 3.05 billion in 9M-21.

The total net income stood at AED 9.87 billion in the 9M-22 period, higher than AED 8.94 billion in the same period a year earlier.