Dubai Bank Name List
Dubai in the United Arab Emirates, is one of the busiest and richest cities in the world when it comes to commerce, business and tourism. Dubai is always in the front row among the committee of cities.
The city is known as the world’s biggest trade zone. The city of Dubai has lots of banks to meet its financial and trade demands.
These banks are not only for money-related operations; they also offer services like real estate management, property and wealth management. Many of these banks are known to run Islamic banking operations, while few are purely Islamic banks.
Below is a list of the banks in Dubai, United Arab Emirates. These banks operate in different categories, like commercial, Islamic, and cooperative banking operations.
Banks In Dubai
The bank was established in 1975, with its headquarters in Dubai. Being the first financial institution to institute Islamic banking in the United Arab Emirates.
The bank was created solely to foresee Islamic banking operations in the United Arab Emirates and a few other Islamic states. Its banking regulations are very principled in accordance with Islamic Sharia law. The bank boasts of over 91 branches in the UAE and over 100 in Pakistan.
Union National Bank (UNB), DubaiIt was founded in 1982 as a public limited liability company and has its headquarters in Abu Dhabi. Union National Bank has remained one of the best banks in the United Arab Emirates.
It offers banking services such as personal, cooperative, and commercial banking services with over 50 branch centres all over the UAE and a few in Egypt.
Rakbank is a sub-company under the aegis of the Bank of Ras Al-Khaimah, which is a public limited liability finance company in the UAE.
It is known to offer banking services such as insurance, asset management, Islamic and commercial banking services.
Rakbank boasts over 40 branch centres and almost 300 ATM points all in the UAE. The bank is worth over AED 30 billion in the global market price value.
Established in 1908, the Bank of Baroda is an Indian financial institution that has a branch in Dubai and a few other UAE cities. BOB has its headquarters situated in Gujarat, India.
The Bank of Baroda is one of the world’s biggest banks as it boasts over 5000 bank branches in different countries.
The bank offers other secondary banking services such as asset management, consumer, retail, cooperative, and investment banking services.
The bank is worth over $6 billion in world market value.
First Golf Bank: FGB is one of the biggest and wealthiest banks in Dubai, UAE. The bank was established in 1979 with its headquarters situated in the capital city of Abu Dhabi.
It offers banking services such as retail, consumer, cooperative, and wholesale, investment, and treasury banking services. Due to its size, the bank has many branches in many countries, including South Korea, Libya, the United Kingdom, etc.
Forbe magazine ranked FGB as the 4th best bank in the Arab world as well as the 8th most influential firm in the world in 2014.
FGB is worth over $60 billion in world market value.
Established in 1930, Arab Bank is one of the leading banks in the UAE. It has its headquarters situated in Jordan, Jerusalem, Israel, with over 600 branches in over 30 different countries in the world.
The bank is the first bank owned by a private company in the United Arab Emirates. The other banks that were founded before it were all government-owned.
Arab bank offers a wide range of financial services such as credit cards, cooperative, commercial, and investment banking services, as well as management of assets and the capital market.
The bank is worth over $47 billion in world market value.
Established in 2007, is currently the biggest bank in Dubai, UAE. It’s one of the newest banks in the United Arab Emirates and has its headquarters situated in Dubai.
It provides services like asset management, property management, cooperative, credit card, and commercial banking, e.t.c.
It’s the richest bank in the United Arab Emirates, with a total net market value estimated at around $120 billion dollars.
It was founded in 1985 with its headquarters situated in the capital city of Abu Dhabi.
Abu Dhabi Commercial Bank is a government-controlled commercial bank in the UAE that was founded from merging three commercial banks: Khaleej Commercial Bank, Emirate Commercial Bank, and Federal Commercial Bank.
Abu Dhabi Commercial Bank is a joint stock company in which over 60% of the shares are owned and managed by the Abu Dhabi government.
It is estimated to be worth over $140 billion in total market value.
The bank boasts about 50 bank branches across the UAE and 3 other branches in the United Kingdom and India.
The bank was established in 1967 with its headquarters in Dubai, UAE and is known to be one of Dubai’s oldest private-owned financial institutions.
It offers services like wealth management, investment, cooperative and retail banking, just to mention a few. Mashrek was one of the UAE’s banks to introduce ATM payment, customer loans, and credit cards to its banking services.
It currently boasts of having branches in 9 different countries apart from the UAE in the world, like Africa, the Middle East, and America, with only 12 branches in total.
Commercial Bank of Dubai was founded in 1969, with its headquarters in Dubai.It offers services like cooperative, retail, real estate asset management, and consumer banking services.
The bank was established from the merger between three different banks: Chase Manhattan Bank, Commercial Bank of Kuwait, and Commerz Bank in the UAE and is estimated to be worth over $10 billion dollars in total market value. It is also regarded as one of the Emirates’ first international banks.
Noor Bank is an Islamic bank established in 2008 with its headquarters situated in Dubai, UAE, and is one of the newest banks in the banking industry.
It has a few branches all over the UAE and offers services like Islamic, cooperative and consumer banking services. In 2008, the International Islamic Finance Forum (IIFF) named it the best young Islamic bank in the world.
Established in 1967 with its headquarters in Switzerland, Habib Bank AG Zurich is a big financial institution which boasts lots of branches not only in the Emirates but all over the world, with some of these branches located in South Africa, Pakistan, the United Kingdom, Hong Kong, Canada, and so on.
It offers banking services like cooperative, consumer, credit card, and investment banking.
Sharjah Islamic Bank was founded in 1976 and is headquartered in Sharjah, United Arab Emirates.It offers mainly Islamic banking services.
The bank was established in 1982 with its headquarters in Fujairah, UAE. It currently has about 16 branches all over the Emirates and offers services like consumer and corporate banking services.
It was established in 1889, with its headquarters situated on the Channel Islands. It has many branches in mid-east countries like Israel, Djbouti, and others, and about 24 in the UAE.
It’s one of Dubai’s main banks, offering services like consumer, retail, commercial, asset management banking, and so on to its numerous customers.
Final Thoughts
There are many other banks in the UAE and the ones mentioned here are the most famous ones, as there are a few others too, with their branches or headquarters also in Dubai, both indigenous and foreign.
So, which one piques your interest? We did love to hear your opinion and choice.