Dubai

UAE always stands as one of the best places for banking and it’s always been a hub for transactions and investments in the Middle East. Islamic banks have rapid growth in UAE and here are the few Islamic banks present in UAE.

Islamic Banks in UAE
1. Noor Bank
2. Mashreq Bank
3. Union National Bank
4. First Abu Dhabi Bank
5. Ajman Bank
6. Al Hilal Bank
7. Emirates Islamic Bank
8. Abu Dhabi Islamic Bank
9. Sharjah Islamic Bank
10. Emirates NBD
11. Dubai Islamic Bank

1. Noor Bank  

Noor bank was established in January 2008 with its headquarters in Dubai. Being one of the two banks in the UAE to be given special exemption as a private entity instead of being listed its activities on a public stock exchange, Noor bank always provides committed services to the customers with an aim to be recognized as the world’s best Shari’a compliant bank.

Products and services

Noor Bank delivers a wide range of Shari’a compliant products and services that suit the customer’s needs which may include personal finance, credit cards, home finance, auto finance, Banca Takaful, investments etc.,

2. Mashreq Bank  

Mashreq Bank was founded as the Bank of Oman in 1967 with its headquarters in Dubai and was the first bank to issue debit and credit cards and also the first to introduce consumer loans. Having the vision of being the region’s progressive bank, Mashreq strives to provide innovative products and services to the customers.

Products and Services

With its growing retail presence in the regions like Egypt, Qatar, Bahrain, and Kuwait, Mashreq Bank provides a variety of products and services including Personal banking, Business banking, Corporate banking, credit cards related to shopping, traveling, movies etc.,

3. Union National Bank  

Union National Bank was established in 1982 as a Public Joint Stock Company with its headquarters in Abu Dhabi and is one of the leading domestic banks in the United Arab Emirates. United National Bank offers a wide range of products and services targeting the needs of customers ranges from basic to complex requirements of corporate entities

Products and services

With its vision to be the best bank, Union National Bank provides various products and services including Personal, Business, Private and Islamic banking etc.,

4. First Abu Dhabi Bank  

FAB is one of the largest financial institutions in the UAE. It was established in 1979 with its headquarters in Abu Dhabi and with its strategic offerings meets the basic banking needs of the customers across the world.

Grow stronger is a newly introduced movement which represents the bank’s promise to support its stakeholder’s goals and growth.

Its mission is to put the customers first at any given moment by motivating them to achieve their goals

Products and services

FAB provides different products and services including Corporate, International, Personal, Business banking etc.,

5. Ajman Bank  

Ajman Bank is the first Islamic bank in the Emirate of Ajman which was established in 2007 and has branches all over UAE.

Its vision to be one of the favorite financial service brands in the UAE and the whole region.

Products and services

Ajman Bank delivers its excellence through various products and services including Consumer banking, Investment banking, Treasury and Capital markets, Investor relations etc.,

6. Al Hilal Bank  

Al Hilal Bank, progressive Islamic Bank founded on June 19, 2008, is known for promoting products like Qibla Card– world’s first credit card with digital compass, Laha Al Hilal credit card– UAE’s first credit card with the facility to get scented with the perfume of your choice, Egrab- world’s first 100% electric mobile branch and money station.

Products and services

With its mission to consistently set new standards that redefine Islamic Banking, Al Hilal also provides products and services including Personal, Wholesale, Treasury banking etc.,

7. Emirates Islamic Bank  

Emirates Islamic Bank was launched in 2004 and delivers services by following Shari’a principles. By using Islamic financing tools like Murabahah, Ijarah, and Takaful, Emirates Islamic provides transparent transactions to the customers

Products and services

Emirates Islamic provides a variety of products and services with its mission to offer standard financial solutions to the customers.

8. Abu Dhabi Islamic Bank  

Abu Dhabi Islamic Bank was established on 20th May 1997 as a public joint stock company following Sharia principles

ADIB being one of the best banks in UAE provides various facilities supporting young football talents, employees, cricket enthusiasts, and financial education

Products and services

ADIB products and services include Personal banking, Private banking, Business banking, Private and Corporate banking

9. Sharjah Islamic Bank  

Sharjah Islamic Bank was founded in 1976 and started implementing Sharia principles in 2004.

Products and services

With its vision to be the bank of choice, Bank of Sharjah provides a wide range of products and services including Retail banking, Corporate banking, and Investment banking, Investor relations etc.,

10. Emirates NBD  

Emirates NBD was formed in October 2007 and stands as a blueprint for banking and finance sector in UAE.

Products and services

Emirates NBD has its own unique significance in UAE corporate and retail banking area and also plays a strong role in Islamic Banking, Global market, and Treasury, Investment banking etc

11. Dubai Islamic Bank  

Dubai Islamic Bank was founded in 1975 and is recognized as the largest Islamic Bank in UAE listed on Dubai Financial Market

Dubai Islamic Bank also stands as the third largest Islamic Bank in the world.

Products and services

With its goal to make Islamic Finance the norm, instead of an alternative to conventional banking worldwide, Dubai Islamic Bank offers products and services including Personal banking,  Business banking, Corporate banking, Treasury and Institutional banking, Investment banking etc.,

As always UAE delivers reliable banking services to the customers making it stand out of the crowd most of the times.

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