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There are 22 domestic and 30 foreign banks in the UAE. The five largest banks dominate the country's banking industry with about 60% of the assets of the five largest banking sectors.

Islamic banking includes eight full-fledged Islamic banks and 23 Islamic windows established by conventional banks in the UAE, accounting for a combined 19% of total banking sector assets.

There are four types of banks in the UAE:

  1. Commercial bank

  2. Industrial Bank

  3. Merchant Bank

  4. Islamic Bank

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Md. Nur Azad

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βˆ™ 3y ago
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Gertrude Carroll

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βˆ™ 3y ago
where did you find that
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Wiki User

βˆ™ 9y ago

Emirates Islamic bank won the Best Domestic Retail Bank Middle East award at the 2014 Islamic Business & Finance Awards. It is one of the best financial institutions under Islamic Retail Banking. It offers both personal and corporate banking facilities to its customers along with loans and insurance schemes.

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Wiki User

βˆ™ 14y ago

National Bank of Abu Dhabi. is the best bank.

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Wiki User

βˆ™ 10y ago

You can go with Emirates NBD, they have the most branches & ATMs and one of the better online banking platforms; the latter can help you save time with bill payments, money transfer, etc.

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βˆ™ 8y ago

You can get Islamic bank profit rates from some of the banks in UAE. Depending on your area of residence you can apply to a bank. Emirates Islamic is a popular choice.

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Q: Which is the best bank to open a bank account with in Dubai?
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