Announcement • Oct 17
Emirates Islamic Bank PJSC to Report Q3, 2025 Results on Oct 22, 2025 Emirates Islamic Bank PJSC announced that they will report Q3, 2025 results on Oct 22, 2025 Announcement • Jul 18
Emirates Islamic Bank PJSC to Report Q2, 2025 Results on Jul 23, 2025 Emirates Islamic Bank PJSC announced that they will report Q2, 2025 results on Jul 23, 2025 Announcement • Apr 16
Emirates Islamic Bank PJSC to Report Q1, 2025 Results on Apr 21, 2025 Emirates Islamic Bank PJSC announced that they will report Q1, 2025 results on Apr 21, 2025 Announcement • Feb 27
Emirates Islamic Bank to Delist from Dubai Financial Market Emirates NBD Bank PJSC is set to acquire all the shares in Emirates Islamic Bank PJSC for a cash consideration of AED 11.95 per share or AED 69.8 million ($19 million) in total, according to a statement on Dubai Financial Market(DFM). Emirates NBD, following the successful implementation of the offer, and subject to the mandatory acquisition, will commence the process of canceling the listing of the shares of Emirates Islamic Bank from the DFM after obtaining the required approvals, the statement added. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to د.إ12.00, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 9x in the Banks industry in United Arab Emirates. Total returns to shareholders of 61% over the past three years. Reported Earnings • Jan 30
Full year 2024 earnings released: EPS: د.إ0.52 (vs د.إ0.39 in FY 2023) Full year 2024 results: EPS: د.إ0.52 (up from د.إ0.39 in FY 2023). Revenue: د.إ4.69b (up 24% from FY 2023). Net income: د.إ2.81b (up 33% from FY 2023). Profit margin: 60% (up from 56% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Jan 29
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 3 highly experienced directors. No independent directors (7 non-independent directors). Director Huda Syed Al Hashimi was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 26
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Huda Syed Al Hashimi was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 11
Emirates Islamic Bank PJSC to Report Q3, 2024 Results on Oct 16, 2024 Emirates Islamic Bank PJSC announced that they will report Q3, 2024 results on Oct 16, 2024 Reported Earnings • Jul 19
Second quarter 2024 earnings released: EPS: د.إ0.16 (vs د.إ0.11 in 2Q 2023) Second quarter 2024 results: EPS: د.إ0.16 (up from د.إ0.11 in 2Q 2023). Revenue: د.إ1.29b (up 15% from 2Q 2023). Net income: د.إ852.3m (up 39% from 2Q 2023). Profit margin: 66% (up from 54% in 2Q 2023). The increase in margin was primarily driven by lower expenses. Board Change • Jun 19
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. 3 experienced directors. 3 highly experienced directors. No independent directors (7 non-independent directors). Director Mohamed Bin Hadi Ahmad Al Hussaini is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Jun 03
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. 3 experienced directors. 3 highly experienced directors. No independent directors (7 non-independent directors). Director Mohamed Bin Hadi Ahmad Al Hussaini is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Apr 02
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. 3 experienced directors. 3 highly experienced directors. No independent directors (7 non-independent directors). Director Mohamed Bin Hadi Ahmad Al Hussaini is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jan 30
Emirates Islamic Bank PJSC, Annual General Meeting, Feb 21, 2024 Emirates Islamic Bank PJSC, Annual General Meeting, Feb 21, 2024, at 11:30 Coordinated Universal Time. Location: the Head Office of Emirates NBD Bank at Baniyas Road, Deira, Dubai, UnitedArab Emirates Abu Dhabi United Arab Emirates Agenda: To approve the report of the board of directors on the Bank's activities and the financial statements for the year ended 31 December 2023; to approve the report of the external auditor of the Bank for the year ended 31 December 2023; to approve the report of the Internal Shari'ah Supervision Committee for the year ended 31 December 2023; to approve the audited balance sheet and the profit and loss account of the Bank for the year ended 31 December 2023; to approve the remuneration of the Board for the year ended 31 December 2023; and to consider other matters if any. Board Change • Dec 29
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. 3 experienced directors. 3 highly experienced directors. No independent directors (7 non-independent directors). Director Mohamed Bin Hadi Ahmad Al Hussaini is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Oct 12
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. 3 experienced directors. 3 highly experienced directors. No independent directors (7 non-independent directors). Director Mohamed Bin Hadi Ahmad Al Hussaini is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Sep 20
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. 3 experienced directors. 3 highly experienced directors. No independent directors (7 non-independent directors). Director Mohamed Bin Hadi Ahmad Al Hussaini is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Sep 07
Emirates Islamic Announces Chief Executive Officer Changes Farid Al Mulla appointed as Chief Executive Officer of Emirates Islamic. Farid will succeed Salah Amin, a banking veteran who is retiring after almost 35 years of valuable service to the Emirates NBD Group. Farid Al Mulla will take over from veteran banker, Salah Amin from 5 September 2023, with Salah announcing his retirement. Bank thanks Salah Amin for his transformational leadership, especially after Emirates Islamic posts highest-ever half-yearly net profit results in 2023. Emirates Islamic, one of the leading Islamic financial institutions in the UAE has appointed Farid Al Mulla as its new Chief Executive Officer. Farid will succeed Salah Amin, a banking veteran who is retiring after almost 35 years of valuable service to the Emirates NBD Group. As Emirates Islamic's current Head of Consumer Banking and Wealth Management, Farid has played an instrumental role in the bank's strong profitability and income results, especially over the first half of 2023, as well as its continued digital transformation. This includes enhancing the bank's digital channels, leading to a notable 21% surge in online and mobile banking transactions throughout 2022. Furthermore, he has taken the lead in driving a series of highly effective Emiratisation campaigns, while also spearheading the introduction of innovative banking solutions tailored to UAE nationals, including the Emarati Family Savings Account, Emarati Business Account, and the Super Savings Etihad Guest Account. Farid's appointment also highlights the effectiveness of Emirates Islamic's long-term Emiratisation strategy, especially its focus on developing UAE Nationals for key executive roles and succession planning. Board Change • Aug 09
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. 3 experienced directors. 3 highly experienced directors. No independent directors (7 non-independent directors). Director Mohamed Bin Hadi Ahmad Al Hussaini is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • May 26
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. 3 experienced directors. 3 highly experienced directors. No independent directors (7 non-independent directors). Director Mohamed Bin Hadi Ahmad Al Hussaini is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Dec 15
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. 3 experienced directors. 3 highly experienced directors. No independent directors (7 non-independent directors). Director Mohamed Bin Hadi Ahmad Al Hussaini is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Aug 17
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. 3 experienced directors. 3 highly experienced directors. No independent directors (7 non-independent directors). Director Mohamed Bin Hadi Ahmad Al Hussaini is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: د.إ0.063 (vs د.إ0.039 in 1Q 2021) First quarter 2022 results: EPS: د.إ0.063 (up from د.إ0.039 in 1Q 2021). Revenue: د.إ622.5m (up 33% from 1Q 2021). Net income: د.إ341.9m (up 62% from 1Q 2021). Profit margin: 55% (up from 45% in 1Q 2021). The increase in margin was driven by higher revenue. Board Change • Apr 27
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. 3 experienced directors. 3 highly experienced directors. No independent directors (7 non-independent directors). Director Mohamed Bin Hadi Ahmad Al Hussaini is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Jan 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: د.إ0.15 (up from د.إ0.089 loss in FY 2020). Revenue: د.إ2.07b (up 216% from FY 2020). Net income: د.إ823.1m (up د.إ1.31b from FY 2020). Profit margin: 40% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Board Change • Jan 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Chairman of Shariah Supervisory Board Mohamed Abdul Rahim Al Ulama was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Chairman of Shariah Supervisory Board Mohamed Abdul Rahim Al Ulama was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 25
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. No independent directors (7 non-independent directors). Chairman of Shari’a Supervisory Board Yousef Al Shubaily was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jul 29
Second quarter 2021 earnings released: EPS د.إ0.066 (vs د.إ0.026 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: د.إ641.1m (up 434% from 2Q 2020). Net income: د.إ357.1m (up د.إ500.3m from 2Q 2020). Profit margin: 56% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. 
