The Dubai Islamic Institution adopts a 45% cash dividend from 2024

Dubai Islamic Bank concluded the annual meeting of its public association, with the shareholders approved the statement of the financial results for the year 2024, in addition to the provisions of other decisions presented during the meeting, which included the strategic agenda of the bank’s board of directors and its administrative team for the coming years.

The total assets of Dubai Islamic Bank increased by 9.7% on an annual basis, to reach 345 billion dirhams. The strong performance of the bank in 2024 made a 45% cash dividend distribution, with a total value of about 3.25 billion dirhams, with the possibility of distributing about 50% of net profits.

In 2024, he recorded record levels to represent another exceptional year for Dubai Islamic Bank, as total income achieved an annual growth by 16%, to reach 23.3 billion dirhams. The profits of the group (pre -tax) exceeded more than 9 billion dirhams, an increase of approximately 27%, compared to the previous year, while net financing and sukuk investments reached 295 billion dirhams, an annual increase of 10.1%.

In addition to approval of the bank’s financial results and the approval of the distribution of profits, the shareholders approved other major administrative issues, including confirming the appointment of members of the bank’s internal legal supervision committee, and the appointment of external accounts for the fiscal year 2025, as well as other decisions aimed at enhancing the operational framework of the bank.

“The economic flexibility enjoyed by the UAE, based on a wise leadership with insightful vision, and strong strategic initiatives, are still an incentive for sustainable growth, as Dubai continues its development process at a tremendous speed, to become a global center for trade, investment and financial innovation. Dubai Islamic Bank has once again demonstrated its ability to deal with market transformations, in light of this current vital scene, achieving standard performance, and creating a long -term value. The strong results that we achieved in 2024 reflect our strategic agreement with the economic priorities of the state, which enhances the position of Dubai Islamic Bank as a major partner in achieving the UAE vision of prosperity and sustainable development.