November 2011 » Page 2 Of 2 »

Banks in Dubai Most of us know that there are more than 50 banks in Dubai and the entire UAE. But can you name all of them? We would be able to pin-point the top banks. But for knowledge sake, at the time of writing this article there are a total of 51 fully licensed banks in Dubai UAE. That is a high number considering the population, isn't it? You may say that. But imagine the volume of business done by these banks and their contribution to the UAE economy. I believe it is tremendous. Further, it helps the consumers get the best deals if they shop around. There are both local banks as well as MNC banks. Below is the list of Central Bank of UAE licensed Bank in Dubai, Banks in UAE: Banks in the UAE are divided into 2 major categories, 1. Locally incorporated banks and 2. Branches of Foreign Banks. The list contains both Conventional Banks as well as Sharia compliant Islamic Banks. Locally incorporated Banks in the UAE National Bank of Abu Dhabi Abu Dhabi Commercial Bank Al Masraf (erstwhile ARBIFT) Union National Bank Commercial Bank of Dubai Dubai Islamic Bank PJSC Emirates NBD Bank Emirates Islamic Bank Mashreq Bank PSC Sharjah Islamic Bank Bank of Sharjah PSC United Arab Bank PJSC InvestBank PLC The National Bank of R.A.K or RAKBANK Commercial Bank International National Bank of Fujairah PSC National Bank of U.A.Q PSC First Gulf Bank Abu Dhabi Islamic Bank Dubai Bank Noor Islamic Bank Al Hilal Bank Ajman Bank Foreign Banks in the UAE National Bank of Bahrain Rafidain Bank Arab Bank PLC Banque Misr El Nilein Bank National Bank of Oman Credit Agricole - Corporate and Investment Bank Bank of Baroda BNP Paribas Janata Bank HSBC Bank Middle East Limited Arab African International Bank Al Khaliji (France) S. A. Al Ahli Bank of Kuwait Barclays Bank PLC Habib Bank Ltd. Habib Bank A.G Zurich Standard Chartered Bank CitiBank N.A. Bank Saderat Iran Bank Meli Iran Blom Bank France Lloyds TSB Bank PLC The Royal Bank of Scotland N.V. United Bank Ltd. Doha Bank Samba Financial Group National Bank of Kuwait. All of the above banks are actively involved in the business of banking in the UAE and have played a very major role in the economic development of the UAE. Please note that the list does not contain the Non Banking Financial Institutions-NBFC. I will cover them at a later post.