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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:

Commercial banks
Industrial banks
Merchant banks
Islamic banks

The top banks in UAE are:

Emirates NBD

Emirates Islamic bank

National Bank of Abu Dhabi

Abu Dhabi Commercial Bank

First Gulf Bank

Dubai Islamic Bank

Mashreq Bank

Abu Dhabi Islamic Bank

Union National Bank

Commercial Bank of Dubai

RAKBank

Noor bank

National Bank of Fujairah

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