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The UAE Central Bank is the primary financial regulatory authority in the country. There are 23 local and 26 foreign banks in UAE. Larger banks dominate the country’s banking industry, with the five biggest banks accounting for about 60% of the sector’s assets. Islamic banking includes 8 full-fledged Islamic banks and 23 Islamic windows set up by conventional banks in UAE, collectively accounting for 19% of the total banking sector assets.
There are 4 types of banks in UAE:
The top banks in UAE are:
Emirates Islamic bank
National Bank of Abu Dhabi
Abu Dhabi Commercial Bank
First Gulf Bank
Dubai Islamic Bank
Abu Dhabi Islamic Bank
Union National Bank
Commercial Bank of Dubai
National Bank of Fujairah
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