Full list of local commercial bank in UAE, financial market.

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The bank in UAE have divided into two major categories based on the shareholding, registrations, and the license that they have received for operation.

  1. Locally incorporate banks: These are the public shareholding companies and obtain the operating license in accordance with the provision of Union law No 10, 1980.
  2. Foreign bank branches: The foreign banks operate their branches in the country and obtain the operating license from the central bank of the United Arab Emirates.

The central bank in the UAE is the government body which regulates both national and international banks in the UAE. There are 21 local commercial banks in this country most of them have the 2 decad experience on the UAE financial market.

Local banks mean they are registered in the United Arab Emirates with the majority national shareholding.

As a Muslin country, the majority of banks in the UAE provide the modern Islamic finances and the Sharia law applies to all products. The UAE banks are a world-class financial institution, therefore, they have the international footprint not only the GCC countries but also across the world.

List of the Local commercial bank in UAE 

Bank NamesHead quarterBranches
1 First Abu Dhabi Bank P.J.S.CAbu Dhabi69
2 Abu Dhabi Commercial Bank P.J.S.Abu Dhabi75
3 Arab Bank for Inv. & Foreign TradeAbu Dhabi9
4 Commercial Bank of Dubai P.J.S.Dubai15
5 Dubai Islamic Bank P.J.S.Dubai65
6 Emirates NBD Bank P.J.S.CDubai90
7 Emirates Islamic Bank P.J.S.CDubai62
8 Mashreq Bank P.J.S.Dubai29
9 Sharjah Islamic Bank P.J.S.Csharjha32
10 Bank of Sharjah P.J.S.sharjha5
11 United Arab Bank P.J.S.Csharjha9
12 Invest Bank P.J.S.sharjha8
13 National Bank of R.A.KRashal Khaimah36
14 Commercial Bank International PLCDubai9
15 National Bank of Fujairah PSCFujairah15
16 National Bank of U.A.QU. A. Q.13
17 Abu Dhabi Islamic Bank P.J.S.Abu Dhabi76
18 Dubai Bank DubaiDubai1
19 Noor Bank P.J.S.Dubai12
20 Al Hilal Bank P.J.S.Abu Dhabi12
21 Ajman Bank P.J.S.CAjman8

There are 7 emirates in the UAE and the government of each emirate has sponsored at least one bank. They hold a large portion of shares and ownership to the state bank. We can find that the bank name refers to the state.

Particularly for the banks which opened on behalf of the State Government, They provide Islamic finance to the customers. When you see the top ten banks in the UAE, the government-sponsored banks are in the top spot.

Although 2020 has become a bad financial year for the UAE banks due to the low oil prices they are still on reasonable profit.

Most of the UAE bank has implemented the modern technology on their services including, internet and mobile banking,  debit and credit card facility, and investment and wealth management services.

Compare the interest rate of the UAE bank 

Hello, everyone, I am Ranga Singh the founder of closecareer.com. For the past 17yrs, I worked in aboard. Now, I have been researching the job market, especially in the Gulf region. The main purpose of the website is to give information, advice, and guidance to the people about the job, education visa and travel. I want to support young people for a happy and successful career.