CONFIDENTIAL AND PROPRIETARY :

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Investor PresentationQ3 2020

Disclaimer

1

This document is provided to you upon request, the addressee only and is provided on a confidential basis by Emirates Islamic Bank PJSC (“Emirates Islamic Bank” or “Bank”) and solely for your informationand may not be reproduced, disclosed or distributed to third parties.

This document does not constitute an agreement or contract between you and Emirates Islamic Bank and must be read in conjunction with the applicable terms and conditions and agreement for services.

Past performance is not an indication of future performance or returns and there may be a risk that some or all of your original investment could be lost subject to the extent of any Sharia compliant capitalprotection contained within the terms and conditions of the relevant investment. Accordingly no representation or warranty is made that any performance or return indicated above will be achieved in thefuture.

The information in this document including any expression of opinion has been obtained from or is based upon sources believed to be reliable, fair and not misleading. The information herein may be subjectto more complete disclosures contained in the respective full term sheet, prospectus, supplements, financials, subscription forms, redemption forms and related documents which are available on request, andwhich should be reviewed carefully before any investment decision is made.

Before entering into any transaction, you should ensure that you fully understand the potential risks and rewards of that transaction and should determine independently whether that transaction is appropriategiven your investment objectives, experience, financial and operational resources, and other relevant circumstances. You may consider consulting an advisor as you deem necessary to assist in making yourinvestment decision.

There may be information in this document that is based on data provided by third party sources believed to be reliable, however, neither Emirates Islamic Bank nor any of its directors, officers, employees,agents, affiliates, subsidiaries or holding company, make any representations or warranties, expressed or implied, as to the accuracy or completeness of information contained herein and thus assume noresponsibility for it. The content may be subject to further revision, verification and updating, by the relevant sources, and Emirates Islamic Bank undertakes no responsibility thereof. Any forward lookingstatements (i.e. statements that relate to future, not past, events) included in this material are purely illustrative and do not represent the views of any entity within Emirates Islamic Bank.

Unless set out specifically, this document does not take account of any tax effect caused by investing into any of the investments described herein. If the tax effect is taken into account it is based on theBank’s understanding of the tax laws and regulations at the time this document was written, both such laws and the Bank’s understanding may change at any time therefore you should take independent taxadvice.

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For contact information, please visit www.emiratesislamic.ae

Emirates Islamic Profile

Operating Environment

Financial and Operating Performance

Divisional Performance

Table of Content

EI, a young growing Islamic Bank

3

99.9% owned by Emirates NBD

Group and indirectly owned by the

Government of Dubai (via ICD)

Ownership

Deeply rooted in our values as a Sharia-compliant financial institution

guided by our Service Promise guideline: Transparency, Fairness,

Empathy, Reliability & Accessibility

Sharia Compliant

Full-fledge, Sharia-compliant

financial services offerings across

all segments

Diversified Offering

3rd Largest Islamic Bank in UAE

(by asset size and branch network)

with total balance sheet size of

AED 70.1 B

Size

Ranked 5th in the Brand Index

2019 Survey amongst all UAE

Financial Institutions

Brand Value

One of the fastest growing bank

in UAE – growing ~3 times in

Revenue in the last 7 years

Growth Oriented

EI is strategically positioned across UAE to support its clients. Strong credit rating since 2015

4

Branches

Abu Dhabi

Dubai

Ajman

Sharjah

Ras al Khaimah

Fujairah

Umm al Quwain

Branches ATM / CDM

Dubai 22 107

Abu Dhabi 7 21

Sharjah 6 22

Other Emirates 3 16

Total 38 166

ATM / CDM

7 21

22 107

1 8

0 1

1 5

1 2

6 22

Optimised Branch and Alternative Channel Footprint across UAE

Superior Long Term and

Short Term Credit Rating

affirmed by Fitch since

2015

As at May 2020 (Affirmed)

Long Term Short Term Outlook

A+ F1 Stable

EI, leads in profitability growth and is one of the fastest growing banks in UAE

5

Net Profit, 2019, AED M

5,103

2,601

1,061

546

84

Total Income, 2019, AED M

CAGR %,

FY’14 over FY’19

13%

8%

24%

8%

3%

13%

5%

6%

3%

12%

9,082

5,915

2,670

1,157

636

EI is the 3rd largest Islamic bank in UAE, and maintains a healthy financing to deposit ratio

6

Total Assets, 2019, AED B

232

126

65

46

24

13%

2%

9%

12%

16%

Total Deposits, 2019, AED B

164

101

45

27

15

12%

4%

8%

13%

12%

Total Financing, 2019, AED B

15%

2%

8%

12%

15%

151

81

37

25

17

CAGR %,

FY’14 over FY’19

Profit and balance sheet growth in recent years

7

Revenues and Costs (AED M) Profits (AED M)

Assets and Financing (AED B) Customer Accounts and Equity (AED B)

528

631 579 595 624620

1,4221,840

20162014

1,801

20172015

1,916 1,798

2018

2,051

2,495

2019

2,670

YTD-20

1,949

2,432 2,392 2,463

1,574

+6%

Q4

YTD Sep

582 696850 738 846 817

211286

240272

307 310

2014 2015 20172016 20192018 YTD-20

1,091

794

982 1,0101,153 1,127

798

+7%

Revenues Costs

839 994

316

346 338 323 316

310

201820162014

1,105

2015

1,066 1,060

2017

1,234

2019 YTD-20

1,156

1,451 1,404 1,383 1,310

1,544

775

+6%

Q4

YTD Sep

256534 498

657937

204

267

124

109

YTD-20

-1

2014

107

20192015

106

2016

1,061

2017 2018

364

641

106

702

924

-311

+24%

Pre - Provision Operating Profits Net Profit

Notes:

1. Equity is Tangible Shareholder’s Equity; All Balance Sheet numbers are at end of period

2. Source: Financial Statements

43

5359 62 58

6570

20162014 YTD-2020182015 2017 2019

+8%

26

3436

3436 37

41

2014 2015 2016 YTD-202017 2018 2019

+8%

Assets Financing Receivables

31

39 41 42 4245 46

20172014 YTD-202015 20182016 2019

+7%

5 5

77 7

8 8

2015 20182014 2016 20192017 YTD-20

+8%

Customer Accounts Equity

YTD Sep – 2020 financial results highlights

8

• Emirates Islamic continued to increase impairment allowances in

light of the challenging economic climate that resulted in the Bank

reporting a net loss of AED 311 million for the first nine months of

2020.

• Net Funded income declined 6% compared to same period last

year mainly due to reduction in Net Funded Income Margin by 41

bps partially offset by higher asset base

• Non Funded income declined 58% compared to same period last

year mainly due to revaluation loss on principal investments and

slowdown in economy

• Total cost declined 2% compared to same period last year

• Net impairments increased 267% primarily due to challenging

economic climate

• Financing Receivables at AED 41 B, increased 9% compared to

end of 2019

• Total Assets increased 8% compared to end of 2019, mainly due to

higher Financing, higher placements with Banks and higher

investments in Securities (Sukuk)

Highlights Key Performance Indicators, AED M

YTD

Sep-20

YTD

Sep-19

Better /

(Worse)

YTD

Jun-20

Better /

(Worse)

Net Funded Income 1,297 1,386 -6% 887 46%

Non Funded Income 277 665 -58% 253 9%

Total Income 1,574 2,051 -23% 1,140 38%

Operating Expenses (798) (817) 2% (538) -48%

Pre-impairment Operating Profit 775 1,234 -37% 603 29%

Impairment Allowances (1,087) (297) -267% (591) -84%

Net Profit for the Period (311) 937 -133% 12 -2727%

Cost income ratio (%) 50.7% 39.8% - 47.2% -

Net Funded Income Margin (%) 2.8% 3.2% - 2.9% -

AED Billion 30-Sep-20 31-Dec-19 % 30-Jun-20 %

Total Assets 70.1 64.8 8.3% 64.2 9.2%

Financing Receivables, net 41.0 37.5 9.4% 40.4 1.7%

Customers' Accounts 45.9 45.3 1.2% 45.0 1.8%

Headline Ratio (%) 89% 83% - 90% -

NPF Ratio (%) 8.3% 7.6% - 8.2% -

Q3 – 2020 financial results highlights

9

• Emirates Islamic continued to increase impairment allowances in

light of the challenging economic climate that resulted in the Bank

reporting a net loss of AED 323 million for Q3 2020.

• Net Funded income declined 14% compared to same period last

year mainly due to lower margins by 59 bps partially offset by

higher asset base

• Non-Funded income declined 90% compared to same period last

year mainly due to revaluation loss on principal investments and

slowdown in economy

• Costs declined 4% compared to same period last year

• Net impairments of AED 496 M, increased significantly due to

challenging economic climate

• Financing Receivables at AED 41 B, increased 10% compared to

same period to last year

• Total Assets increased 12% compared to same period last year

mainly due to higher Customer Financing, higher placements with

banks, higher investments in securities (Sukuk)

Highlights Key Performance Indicators, AED M

Q3-20 Q3-19Better /

(Worse) Q2-20

Better /

(Worse)

Net Funded Income 410 474 -14% 419 -2%

Non Funded Income 23 241 -90% 80 -71%

Total Income 434 715 -39% 499 -13%

Operating Expenses (261) (273) 4% (258) -1%

Pre-impairment Operating Profit 173 442 -61% 241 -28%

Impairment Allowances (496) (178) -178% (384) -29%

Net Profit for the Period (323) 264 -222% (143) -126%

Cost income ratio (%) 60.1% 38.1% - 51.7% -

Net Funded Income Margin (%) 2.6% 3.2% - 2.7% -

AED Billion 30-Sep-20 30-Sep-19 % 30-Jun-20 %

Total Assets 70.1 62.7 11.8% 64.2 9.2%

Financing Receivables, net 41.0 37.4 9.7% 40.4 1.7%

Customers' Accounts 45.9 45.2 1.5% 45.0 1.8%

Headline Ratio (%) 89% 83% - 90% -

NPF Ratio (%) 8.3% 8.7% - 8.2% -

Net Funded Income Margin

10

Net Funded Income Margin (%)

Net Profit Margin Drivers (%) (Q3-20 Vs Q2-20)

3.193.27

3.04

2.75 2.60

3.17 3.20

3.042.91

2.76

Q3-19 Q3-20Q4-19 Q1-20 Q2-20

Net Funded Income Margin

Net Funded Income Margin - YTD

2.75 0.14

Customer Accounts &

Sukuk Spreads

Q2-20 TRY SpreadsFinancing Spreads

Q3-20

(0.18) (0.11)

2.60 3.17 0.362.76

(0.52)

YTD Sep-19 YTD Sep-20Financing

Spreads

Customer

Accounts &

Sukuk Spreads

TRY Spreads

(0.24)

Net Profit Margin Drivers (%) (YTD Sep-20 Vs YTD Sep-19)

Highlights

• Q3-20 Net funded income margin at 2.60%, declined 15 bps q-o-q mainly due

to drop in EIBOR

• YTD Sep-20 Net funded income margin at 2.76%, reduced 41 bps y-o-y mainly

due to drop in EIBOR

Non Funded Income

11

Composition of Non Funded Income (AED M)

• Total Non Funded Income decreased 90% y-o-y and 71% q-o-q

• Core Fee Income decreased 22% y-o-y on account of challenging economic climate and increased 24% q-o-q on account of increase in business activity post acute

disruption in second quarter

• Investment securities has negative income due to revaluation loss on principal investments

Trend in Gross Fee Income (AED M)

4485

7040 49 65

165180

158 124163

Q1-20

161213

Q3 19 Q4 19

15

25 -4 22

Q2-20

254

13

Q3-20

310

238258

208

12

Other income (net)

Fee income Foreign exchange income

Commission income

Highlights

Q3 20 Q3 19Better/

(Worse)Q2 20

Better/

(Worse)

Gross fee income 254 310 -18% 208 22%

Fees & commission expense (65) (67) 3% (56) -16%

Core fee income 189 243 -22% 152 24%

Property Related Income 1 1 -27% 1 25%

Investment securities & other

income / (loss)(166) (4) -4201% (72) -130%

Total Non Funded Income 23 241 -90% 80 -71%

Operating Costs and Efficiency

12

Cost to Income ratio at 50.7% for YTD Sep-20, increased 10.9% compared to same period last year as a result of:-

o Decrease in total income by 23%

Offset By

o Decrease in total cost by 2%

Cost to Income Ratio (%)

4034

5961

66 62 65

155167

150138 141

Q4-19

89

924

25

Q3-19

273

Q1-20

724

26

Q2-20

26

Q3-20

310280

258 261

3225 9

19

Recharges

Staff Cost Occupancy Cost Other Cost

Depreciation

39.8

42.243.6

47.2

50.7

Q1-20 Q3-20Q3-19 Q4-19 Q2-20

Cost Composition (AED M)

Highlights

Credit Quality

13

Impaired Financing & Coverage Ratios (%)

• Non Performing Financing (NPF) ratio increased to 8.3% from 7.6% compared

to Dec-19

• Coverage ratio at 109.1% declined from 119.8% at Dec-19

• The Impairment allowance of AED 4.1 B includes AED 2.9 B (70%) of specific

provisions and AED 1.2 B (30%) of ECL provisions

• Expected Credit Loss (ECL) represents 3.0% of total Credit Risk Weighted

Assets (CRWA) at the end of Sep-20 (Dec-19 : 2.6%)

8.7 7.6 7.3 8.2 8.3

Q3-19 Q4-19 Q3-20Q1-20 Q2-20

NPF Ratio %

114.8 119.8126.5

103.2109.1

Coverage, incl, PIP

0.9 0.8 0.8 0.8 0.8

2.72.4 2.3 2.8 3.0

Q3-19 Q3-20Q1-20Q4-19

3.7

Q2-20

3.63.1 3.1

3.6+4.6%

+4%

1.0 1.0 1.0 1.1 1.2

3.1 2.8 2.9 2.7 2.9

Q1-20

3.7

Q3-19

4.1

Q4-19 Q2-20 Q3-20

4.13.7 4.0

+9.4%

-2%

Corporate Retail

Highlights

Impaired Financing (AED B) Impairment Allowances (AED B)

30th Sept 20202019

310

238

Impairment allowances and Stage 1,2 and 3 Coverage

89%

3%8%

88%

5%

8%

14

Stage 1 Stage 2 Stage 3

Sep - 202019

Total Gross

Financing

0.40.6

0.8

2.80.4

2019

2.9

3.7

Sep-20

4.1

Stage 2Stage 1 Stage 3

Impairment

Allowances

and

Coverage

%

18.331.0

1.7

88.6

2019

1.9

76.6

Sep-20

ECL Allowances

(AED B)ECL to Financing

Coverage %

Highlights

• Stage 1 coverage ratio improved to 1.9% at Sep-20 from 1.7% at end2019 on account of increase in Stage 1 impairment allowance

• Stage 2 coverage ratio improved to 31.0% at Sep-20 from 18.3% at end2019 mainly due to lower Stage 2 financing

• Continued strong Stage 3 coverage ratio at 76.6%

• Customers continue to be assessed closely for stage migrations on a caseby case basis under the Covid-19 situation

Capital Adequacy

15

Capitalisation (AED B)

Capital Movements as per Basel III (AED M) Risk Weighted Assets – Basel II (AED B)

• CAR at the end of Q3-20 is at 19.2% decreased from 20.0% at the end of Q2-

20 mainly due to –

• RWA on Customer Financing and Due from banks growth

• Decrease in Capital base on account of loss for the quarter

• Tier I ratio at the end of Q3-20 is at 18.0% decreased from 18.9% at the end of

Q2-20

4.3 4.5 4.5 4.5 4.50.0

37.7

Q2-20

38.3

0.0

Q3-19

0.0

Q4-19

39.8

0.0

Q1-20

40.3

44.842.7 42.2

44.4 45.7

Q3-20

0.0

41.2

+1.7%

CREDIT RISK OPERATIONAL RISKMARKET RISK

8.2 8.3 8.5 8.5 8.2

19.319.5 19.2 18.9

18.0

20.4 20.7 20.3 20.0 19.2

0.5

Q4-19

0.5

Q3-19

0.50.5

Q1-20

0.5

Q2-20 Q3-20

8.7 8.7 9.0 9.0 8.8

T2TI TI% CAR %

Highlights

Tier-1 Tier-2 Total

Capital as at 31 December 2019 8,255 471 8,727

Net Profits generated (311) - (311)

ECL add-back 279 - 279

Other 27 44 71

Capital as at 30 September 2020 8,250 515 8,765

Funding and Liquidity

16

Headline Ratio (%)

CASA to Deposit Ratio Composition of Liabilities / Sukuk Issued (AED B, %)

• Financing to Deposits ratio at 89.5% increased 6.8% compared to end of 2019

mainly due to growth in customer financing

• Long term funding (Sukuk) represent 9.2% of total borrowings [out of which

AED 3.7B is due for maturity in May-21]

• The CASA to Total Customer Deposits ratio at the end of Sep’20 is at 70.3%

(Dec’19 – 62.6%)

82.8 82.787.1

89.6 89.5

77.7 78.283.0 84.5

80.9

Q3-20Q1-20Q3-19 Q4-19 Q2-20

FD Ratio (%) - Headline

FD Ratio (%) - Reg.

45.9

(77.0%)

8.2

(13.8%)

5.5

(9.2%)

Due to Banks

Customer Accounts

EI Sukuk

62.7 62.6

66.2

69.4 70.3

Q2-20Q3-19 Q3-20Q4-19 Q1-20

Highlights

• Financing receivables increased 10% y-o-y and increased 9% from end2019

• Consumer Banking financing receivable increased 5% y-o-y andincreased 3% from end 2019

• Wholesale Banking financing receivables increased 18% y-o-yand increased 21% from end 2019

• Customer accounts increased 1% y-o-y and from end 2019

• CASA increased 14% y-o-y and from end 2019

• ITD decreased 10% y-o-y and decreased 11% from end 2019

• Wakala decreased 21% y-o-y and from end 2019

Financing and customer accounts trends

17

Trend in Customer Accounts by Type (AED B)

Trend in Net Financing by Type (AED B)

14.0

22.1

14.0 13.8 13.9 13.6 14.9 16.6 16.4

22.3 22.7 23.3 23.7 24.0 23.7 24.5

Q2-19Q1-19

0.0

Q4-18 Q3-19

0.1

37.5

0.1 0.10.10.1

Q4-19

41.0

Q1-20

0.0

Q2-20

0.0

Q3-20

36.2 36.4 36.6 37.4 39.0 40.4

+9.8% +9.4%

Consumer Banking Wholesale Banking Others

11.4 11.8 12.9 14.1 14.2 12.5 11.3 11.1

27.4 28.9 28.2 28.3 28.4 29.7 31.2 32.2

Q1-20 Q2-20

2.8

Q3-19Q4-18

45.9

2.8 2.8

Q1-19

45.3

2.7 2.7

Q2-19 Q4-19

2.6 2.5 2.5

Q3-20

45.041.6 43.4 43.8 45.2 44.8

+1.5% +1.2%

CASA WakalaITD

* Financing is Net of Deferred Income and impairment provisions

Highlights

Total Gross Financing* (AED 45 B)

Financing composition

Wholesale

Banking

Financing

(AED 19 B)

Total Gross

Financing*

(AED 43 Bn)57%

43%

Consumer Banking

Wholesale Banking

Consumer

Financing

(AED 26 B)

35%

17%10%

6%

5%

18%

5%

4%

Trade

Manufacturing

Construction

Financial Institutions

Real Estate

Services

Transport & Communication

Others**

41%

31%

9%

6%

12%

* Gross Financing net off deferred portion ** Others under Sector wise breakup includes Management of companies and enterprises and Sovereign***Others include SME products held by retail customers

Mortgage Finance

Personal Finance

Auto Financiang

Credit Cards

Others***

18

Divisional performance

Note: All Balance Sheet numbers are at end of period

Wholesale Banking Consumer Banking

Balance Sheet Trends (AED B)

Revenue Trends (AED M)

• Financing receivable increased 3%from end of 2019. Customerdeposits decreased 13% from endof 2019 mainly due to segmentalrealignment.

• Total Revenue decreased 10% y-o-y and increased 9% q-o-q.

• Funded Income decreased y-o-ymainly due to lower profit ratepartially offset by higher financing.Funded Income remains at samelevel despite increase in financingprimarily due to drop in profit rates.

• Non Funded Income decreased y-o-y due to Covid-19 impact oneconomy, however, increased q-o-qbasis mainly due to increase inbusiness activity post disruption insecond quarter.

• Financing receivable increased 21%

from end of 2019. Customer deposits

increased 109% from end of 2019

mainly due to segmental realignment.

• Total Revenue decreased by 2% y-o-yand increased 28% q-o-q

• Funded Income increased y-o-yprimarily due to higher financing andincreased q-o-q as previous quarterhad income suspension ondowngrades.

• Non Funded Income decreased y-o-ydue to Covid-19 impact on economy,however, increased q-o-q basis mainlydue to increase in business activitypost disruption in second quarter.

Balance Sheet Trends (AED B)

Revenue Trends (AED M)

23.7 24.5

39.8 34.6

Dec-19 Sep-20

+3%

-13%

Financing Receivable

Customer Deposits

200114 155

330326 324

Q3-20Q3-19 Q2-20

530478440

-10% +9%

FI NFI

13.6 16.4

5.4

11.4

Dec-19 Sep-20

+21%

+109%

Financing Receivable

Customer Deposits

37 25 28

8468

91

Q3-19 Q2-20 Q3-20

121

93

119

-2% +28%

FI NFI

19

For any enquiries please contact:

Huda Sabil

Chief Financial Officer

Tel: +971 4 383 4671

Email: Hudaab@emiratesislamic.ae

Investor Relations

PO Box 777

Emirates NBD Head Office, 4th Floor,

Dubai, UAE

Tel: +971 4 201 2606

Email: IR@emiratesnbd.com