“We exceeded all expectations in 2023, including our highest-ever profit. Emirates Islamic’s gross financing increased in 2023, including improved productivity and return on assets,” said Faird Al Mulla, CEO. “In 2023, we celebrated a first in UAE banking history, by issuing an Dh1 billion public Sukuk. This 3-year offering was oversubscribed 2.5 times, highlighting the strength of the dirham Sukuk market, and emphasising confidence in the local currency market from global Sharia-compliant investors.”
