• +44 1923468708
  • Contact Us
  • Member Login

UAE Banks and Finance, Banking Rules




Banking sector in the UAE operates in a very dynamic and competitive environment because of which it is highly evolving. There are a number of UAE banks and they mostly follow Islamic banking rules as per the local customs and traditions. The UAE banking law is in adherence to the Sharia'a with the cornerstones including forbidding the riba or the interest. The risk is equally shared by the bank and customer with transparent fees and attractive rates.

Banking system in UAE, which is based on Islamic Banking, is a form of moral investing, or moral lending, with the exception that no loans are achievable if they are interest-free. Its practitioners and clients need not be Muslims, but they must accept the ethical precincts underscored by Islamic values.  However, there have been certain changes in the banking system in UAE. New rules have been issued for digital payments while ensuring utmost security of the clients’ confidential information. 

Here Below is the lists of both local as well as foreign banks that are operational in the UAE are as follows:

 NAME OF THE BANKEMIRATE

LINKS TO LOCAL BANKS

1Abu Dhabi Commercial BankAbu Dhabi
2Abu Dhabi Islamic BankAbu Dhabi
3Arab Emirates Investment BankDubai
4Bank of SharjahSharjah
5Commercial Bank InternationalRas al Khaimah
6Commercial Bank of DubaiDubai
7Dubai Islamic BankDubai
8Emirates Islamic BankDubai
9Emirates NBDDubai
10First Gulf BankAbu Dhabi
11Invest BankSharjah
12Mashreq BankDubai
13National Bank of Abu DhabiAbu Dhabi
14National Bank of FujairahFujairah
15National Bank of Umm al QuwaimUmm al Quwaim
16Noor Bank (previously Noor Islamic Bank)Dubai
17RAKBANKRas al Khaimah
18Union National BankAbu Dhabi
19United Arab BankSharjah

FOREIGN BANKS

1National Bank of KuwaitDubai
2Samba Financial GroupDubai
3Doha BankDubai
4United Bank LimitedDubai
5Blom Bank FranceDubai
6Bank Melli IranDubai
7Bank Saderat IranDubai
8CitibankDubai
9Standard Chartered BankDubai
10Habib Bank AG ZurichDubai
11Habib bank LtdDubai
12Barclays Bank PLCDubai
13HSBC Bank Middle East Limited DubaiDubai
14Al Ahli Bank of KuwaitDubai
15Al Khaliji (France) S.A.Dubai
16Arab African International BankDubai
17Janata BankAbu Dhabi
18BNP ParibasAbu Dhabi
19Bank of BarodaDubai
20Credit Agricole-Corporate and Investment BankDubai
21National Bank of OmanAbu Dhabi
22El Nilein Bank Abu DhabiAbu Dhabi
23Banque Misr Abu DhabiAbu Dhabi
24United Bank LimitedDubai, Abu Dhabi, Al Ain