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7/24/25, 9:47 AM Shariah Stocks Turn UAE Markets into the Year’s Hottest Trade | Al Bawaba

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Shariah Stocks Turn UAE Markets into the Year’s Hottest Trade

PRESS RELEASE Published July 23rd, 2025 - 08:33 GMT

The UAE’s local equity markets have delivered standout returns over the past year, cementing the country’s
position as one of the world’s best-performing investment destinations. Dubai’s equity benchmark, the DFM
General Index, surged more than 27% in 2024 and is up a further 18% year-to-date in 2025. This broad-based rally
spans financials, real estate, and newly listed infrastructure companies, with Shariah-compliant stocks featuring
prominently among the top performers.

According to Josh Gilbert, Market Analyst at eToro, this momentum reflects growing investor demand for high-
growth opportunities in ethically screened assets. "Shariah-compliant stocks in the UAE have become a strong
draw for both regional and international investors looking to combine financial returns with responsible investing
principles," he said. Standout names include Salik, Dubai’s exclusive toll-gate operator, whose shares have soared
approximately 80%, including dividends, over the last 12 months. Parkin, the city's public parking operator, has
seen its stock price surge over 200% including dividends since its IPO last year, as investors respond positively to
its stable, defensive revenue model.

The financial services sector has also played a key role in driving market performance. Abu Dhabi Islamic Bank
(ADIB), the UAE’s second-largest Islamic bank, has posted gains of over 98% including dividends in the last 12
months. Strong digital transformation, rising profit margins, and growing demand for Shariah-compliant financial
services have underpinned this growth. Similarly, Amlak Finance, a key Islamic home financing provider, has seen
its stock more than double in value over the past year, boosted by Dubai’s thriving property market.

In the real estate sector, Union Properties has emerged as one of the top performers of 2025, with shares rising
over 100% year-to-date. Its successful restructuring and the broader real estate upcycle have positioned it just
behind Amlak Finance as one of the best-performing stocks on the DFM Index this year.

These exceptional performances reflect renewed investor confidence in UAE equities. Strong macroeconomic
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