The list of banks in the UAE includes a mix of domestic and international banks. They offer various financial services such as savings accounts, loans, money transfers, etc. The diversity of banks in the UAE ensures that everyone, including locals, expatriates, businesses, and students planning to study in the Emirates can benefit from these services.
Whether you’re managing personal finances or planning to study abroad, understanding the banking landscape in the UAE will help you choose the right option. Let’s explore the list of banks in the UAE based on different categories.
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Categories of Banks in UAE
Before moving on to the list of banks, it is important to understand the categories of banks in the UAE. The banking sector in the UAE is well-regulated and diversified, catering to the needs of residents, businesses, and expatriates. Here are the main categories of banks in the UAE:
Central Bank
Source: Central Bank of UAE, Official Website
The Central Bank of the UAE (CBUAE) serves as the primary financial regulator, overseeing monetary policy and ensuring the stability of the banking system. It directs banking operations and implements policies that support economic growth while safeguarding consumer interests.
Commercial Banks
Commercial banks are the most common banks providing retail and corporate banking services. They offer a wide array of financial products, including personal loans and business financing. Commercial banks in the UAE include both local and international banks, such as Emirates NBD and HSBC.
Islamic Banks
Islamic banks in the UAE operate under Sharia law. They offer Sharia-compliant financial products, including interest-free banking solutions. These include services like Islamic savings accounts, sukuk (Islamic bonds), and profit-sharing investments. Examples include Dubai Islamic Bank and Abu Dhabi Islamic Bank.
Foreign Banks
The presence of foreign banks adds a global dimension to the UAE’s banking landscape. These institutions offer international banking services and cater to expatriates and businesses engaged in global trade. Examples include Citibank and Standard Chartered Bank.
Also Read: Know more about HSBC international account, and its services for studying abroad. Learn how to online open an account and its benefits.
List of Banks in the UAE
The list of banks in the UAE hosts a mix of national and international banks. These banks cater to residents, businesses, and expatriates alike. Prominent national banks include Emirates NBD, Abu Dhabi Commercial Bank (ADCB), and Dubai Islamic Bank, while global institutions like HSBC, Citibank, and Standard Chartered also have a strong presence.
This list of banks in the UAE reflects the country’s dynamic financial ecosystem, ensuring a wide array of options for customers.
| Top Domestic Banks in UAE | Leading Islamic Banks in UAE | Prominent Foreign Banks in UAE |
| Emirates NBD | Dubai Islamic Bank (DIB) | HSBC Middle East |
| Abu Dhabi Commercial Bank (ADCB) | Abu Dhabi Islamic Bank (ADIB) | Citibank UAE |
| First Abu Dhabi Bank (FAB) | Sharjah Islamic Bank | Standard Chartered Bank |
National Banks
National Banks in the UAE form the backbone of the UAE’s financial sector, catering primarily to local citizens and residents. Some of the largest national banks include Emirates NBD, Abu Dhabi Commercial Bank (ADCB), and First Abu Dhabi Bank (FAB).
Check out the list of banks in UAE based on areas-
Abu Dhabi
- Abu Dhabi Commercial Bank
- Abu Dhabi Islamic Bank
- Al Hilal Bank
- Al Maryah Community Bank
- First Abu Dhabi Bank
- Wio Bank
Ajman
- Ajman Bank
- Ruya Community Islamic Bank
Dubai
- Commercial Bank of Dubai
- Dubai Islamic Bank
- Emirates Investment Bank
- Emirates Islamic
- Emirates NBD
- Mashreq
- Zand Bank
Fujairah
- National Bank of Fujairah
- Ras Al Khaimah
- Bank of Sharjah
- Commercial Bank International
- National Bank of Ras Al-Khaimah PJSC (RAKBANK)
Sharjah
- Invest Bank
- Sharjah Islamic Bank
- United Arab Bank
- Umm Al Quwain
- National Bank of Umm Al-Qaiwain
Foreign Banks
Foreign banks in the UAE cater to the international community. They bring global expertise and financial solutions, including wealth management, international trade finance, and multi-currency accounts. Common examples include HSBC, Standard Chartered, and Citibank.
Check out the list of banks in UAE based on location-
Abu Dhabi
- National Bank of Bahrain- Head Office in Abu Dhabi, Headquarters in Manama, Bahrain
- Rafidain Bank- Head Office in Abu Dhabi, Headquarters in Baghdad, Iraq
- Arab Bank – Head Office in Abu Dhabi, Headquarters in Amman, Jordan
- Banque Misr- Head Office in Dubai, Headquarters in Cairo, Egypt
- El Nilein Bank- Head Office in Abu Dhabi
- National Bank of Oman- Head Office in Abu Dhabi, Headquarters in Muscat, Oman
- Credit Agricole – Head Office in Dubai, Headquarters in Montrouge, France
- BNP Paribas – Head Office in Abu Dhabi, Headquarters in Paris, France
Dubai
- HSBC Bank Middle East Limited- Head Office in Dubai, Headquarters in London, UK
- Standard Chartered Bank- Head Office in Dubai, Headquarters in London, UK
- Citibank N. A.- Head Office in Dubai, Headquarters in New York, United States
Other notable banks include:
- Arab African International Bank
- Al Khaliji
- Al Ahli Bank of Kuwait
- Habib Bank Ltd.
- Habib Bank A.G Zurich
- Deutsche Bank AG
- Barclays Bank PLC
Services Offered by Banks in UAE
Banks in the UAE provide a wide range of services These are designed to meet the financial needs of individuals, businesses, and students, incorporating a customer-centric approach.
Services like education loans, student bank accounts, and seamless money transfer solutions make it especially appealing to students, expatriates, and global businesses. With both traditional and Islamic banking options, UAE banks cater to diverse financial needs while upholding the highest regulatory standards.
Check out the services offered by the list of banks in UAE-
Personal Banking Services
- Banks provide savings and current accounts tailored for residents and expatriates, often offering multi-currency options to support international transactions.
- Special accounts for students come with zero balance requirements, fee waivers, and benefits like discounts or cashback, helping students manage their finances efficiently.
- Banks offer loans for personal needs, including car loans, wedding loans, travel loans, and education loans in Dubai, often with competitive interest rates and flexible repayment options.
Education Loans
Many UAE banks provide education loans to support students pursuing higher education in the UAE or abroad. These loans usually feature low interest rates, flexible repayment terms and options to defer payments until after graduation.
Some banks also partner with educational institutions to provide customized financing solutions.
Money Transfer Services
Banks in the UAE offer fast and secure money transfer services, allowing individuals to send money to over 100 countries. Popular methods include SWIFT transfers, Western Union, and bank-specific remittance services. International money transfers through the Emirates NBD are most preferred due to quicker processing and competitive charges.
Currency Exchange
With competitive exchange rates, banks enable customers to buy or sell foreign currencies, catering to the needs of expatriates and businesses involved in international trade.
Corporate Banking Services
Banks in the UAE provide businesses with services like business loans, trade finance, cash management, and treasury services to help manage operations and facilitate growth.
Islamic Banking Services
Many banks offer Sharia-compliant banking solutions, including Islamic savings accounts, profit-sharing investments, and Sukuk (Islamic bonds), catering to individuals and businesses seeking interest-free financial options.
Credit Cards and Debit Cards
Banks offer a variety of credit and debit cards, including options with benefits like cashback, travel rewards, dining discounts, and zero foreign transaction fees for frequent travellers and expatriates.
Mortgages and Home Loans
Home financing is a popular service for residents and expatriates looking to buy property in the UAE. These loans often come with flexible tenure and competitive interest rates.
Wealth Management and Investment Services
Many banks offer advisory and wealth management services, helping customers grow their wealth through investments in mutual funds, equities, and real estate.
Digital and Mobile Banking
Most banks in the UAE provide advanced digital banking platforms that allow customers to manage accounts, pay bills, transfer funds, and apply for loans online, ensuring convenience and efficiency.
Also Read: Check out the details of Abu Dhabi Islamic Bank (ADIB) international money transfer services in this blog.
Best Banks in UAE for Students Planning to Study Abroad
Students planning to study abroad need reliable banking solutions for managing tuition fees, international transfers, and daily expenses. Here are some of the best banks for students in the UAE:
Emirates NBD
Emirates NBD is one of the best banks in the UAE. It has strong global partnerships and offers student-friendly services.
Key Services
- Free international remittance for tuition fees.
- Prepaid and multi-currency travel cards.
- Emirates NDB student account offers no minimum balance requirement and rewards tailored for young customers.
Abu Dhabi Commercial Bank (ADCB)
This is another best banks in the UAE for students. The bank offers seamless currency exchange and international banking services.
Key Services
- Preferential currency exchange rates.
- Education loan advisory.
- Student Savings Account with high interest rates and no hidden fees.
Mashreq Bank
Masheraq Bank in the UAE is best known for low transaction fees and efficient global remittance services.
Key Services
- Instant international money transfers.
- Tuition payment solutions.
- Happiness Account with digital tools and no monthly fees.
Dubai Islamic Bank (DIB)
Dubai Islamic Bank provides Sharia-compliant banking for students.
Key Services
- Fee waivers on international tuition payments.
- Ethical savings plans.
- Young Savers Account with profit-sharing and free remittances.
This was all about the list of banks in the UAE. Whether you need Sharia-compliant banking, international remittance services, or specialized student accounts, the banks in the UAE have you covered. Take the time to evaluate your needs and choose a bank that aligns with your financial goals.
FAQs
The UAE has 46 banks, including 22 domestic and 24 foreign banks.
Some of the best banks in the UAE are- Emirates NBD, First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Dubai Islamic Bank, and Mashreq Bank.
Most major banks like Emirates NBD and First Abu Dhabi Bank are nationalized or government-backed.
Banks like the State Bank of India (SBI) and Bank of Baroda operate in the UAE.
First Abu Dhabi Bank (FAB) is the largest bank in the UAE by assets.
Emirates NBD, ADCB, Mashreq Bank, and Dubai Islamic Bank.
Most banks require a valid Emirates ID and residence visa, but some student accounts have flexible requirements.
Emirates NBD and Mashreq Bank are popular for their expat-friendly services and strong international remittance options.
Yes, you can transfer money using services like SWIFT, online banking, or remittance platforms.
Some of the best international banks operating in the UAE are HSBC, Citibank, Standard Chartered, Barclays, and BNP Paribas.
To learn more about education loans, the best bank accounts for students, forex, banking experience for global students, or international money transfers, reach out to our experts at 1800572126 to help ease your experience with studying abroad.
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