Overview of Banks in UAE

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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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