For many decades now Dubai has been the center of attraction of expats from all over the world to seek quality life experience. To facilitates the expats and business oweners there are more than 40 banks offering their services in UAE. To make up things easy for you, we have listed here the top 10 best banks in Dubai for expats.
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Best Banks in Dubai for Expats
Choosing a good bank which provides smooth transactions, better security to your finance, new opportunities and incentives is a hectic job. There are plenty of good banks in dubai in which we are discussing 10 best banks in Dubai providing good services to their customers. Please note that they are not in particular order. So relax and lets explore all of them.
1. Abu Dhabi Islamic Bank (ADIB)
Established In 1997. ABID is an Islamic bank located in Abu Dhabi in United Arab Emirates. Bank was formally inaugurated in 18th april 1999 by Abdullah Bin Zayed Al Nahyan and started to function officially.
The ADIB has received many awards in recent years. Such as got best islamic bank of the world award for by Islamic finance news for consective two years and best Islamic bank of uae for 4 years by Global Finance.
Bank provides all transactions, operations and contracts according to the Islamic sharia principles. Abu Dhabi Islamic bank holds the title of one of the largest bank in UAE. ADIB has almost 750,000 customers in 88 branches and over 700 ATMs, also provide internet banking, and provide 24 hours customer services.
Bank Details:
Name: Au Dhabi Islamic Bank (ADIB)
URL: https://www.adib.ae/en
24/7 Helpline: 600543216, +971 2 6100600 (for International Calls)
ATM & Branches: 62 Branches, 379 ATMs
2. Abu Dhabi Commercial Bank (ADCB)
The bank emerges as the UAE’s fifth largest bank first stands in 1985 as a public shareholder bank, later on collaborate with three banks named Emirates Commercial Bank, Federal Commercial Bank, and Khaleej Commercial Bank, which was established in 1975. The government of Abu Dhabi holds the 62.52% shares in total through Abu Dhabi Investment Council. It has 56 branches in UAE and 1 in Jersey.
ADCB is the third-largest bank in the UAE in terms of balance sheet size and offers a range of commercial and retail banking services to its customers. The bank has awarded as best retail bank in UAE for 4 years in a row from ASEAN Banker.
In January 2019 the banks announced to alliance with ADCB named Union National Bank and Al Hilal Bank in which Al Hilal Bank. ADBC has become the fifth largest bank in the region with one million customers.
Bank has provide many facilities to its customers like retail, investment, brokerage and fund management etc.
Bank Details:
Bank Name: Abu Dhabi Commercial Bank (ADCB)
URL: https://www.adcb.com/en/personal/
24/7 Helpline: +971 600502030
ATM & Branches: 72 Branches, 450 ATMs
3. Emirates NBD
Another well-known bank in terms of assets owned by Dubai’s government. The bank was formerly build as national bank of Dubai by ruler of the Dubai Rashid bin Saeed Al Maktoum in 19 June 1963. The bank made alliance with Emirates Bank International (EBI) on 6 March 2007 to form Emirates NBD. With the emergence and continuous growth in region the bank acquires the Bank Dubai in 1 December 2012.
The bank has many branches in UAE as well as in other countries like Egypt, India, Saudi Arabia, Singapore, and United Kingdom. Also have representative offices in China and Indonesia. The bank has largest employee count of approximately 9000 employees representing 70 differnet nationalities in UAE. The bank has provided current and business accounts and provides many facilities under the sharia islamic act.
Bank Details:
Name: Emirates National Bank Dubai (Emirates NBD)
URL: https://www.emiratesnbd.com/en
24/7 Helpline: +971 42130000
ATM & Branches: 33 Branches, 1081 ATMs
4. RAK Bank
RAK bank is an Islamic retail and business bank also provides commercial banking sevices to its customers in its 27 branches and have many ATM’s, online and digital banking system.
The bank was launched in 2013 as an Islamic banking unit as a cause of flood of investment Islamic law compliant financial sector in the country. 52.76% of shares hold by government of Ras Al khaimah, The Board consists of several members of the ruling family of the emirate and businessmen from across the UAE and Kuwait.
The bank has achieved many awards, bank of the year award in 2012 at Arabian Business Achievement awards. Emirates Islamic, Best internet banking initiative award at Asian Banker also best marketing campaign awards as well.
The bank gives easy access to customers to its wide range of services, including digital banking solutions, savings & investment accounts, credit cards, and business & personal loans.
Bank Details:
Name: National Bank of Ras Al-Khaimah (RAKBANK)
URL: https://retail.rakbankonline.ae/
24/7 Helpline: +971 42130000
ATM & Branches: 26 Branches & 131 ATMs
5. Mashreq Bank
Mashreq Bank one of the oldest bank in UAE inaugurated as bank of Oman in 1967, the bank is totally branchless and paper less, offers all banking services to its customer also gives many attractive offer to attract new customers.
The unique feature of mobile app banking is to Quick Remit, that provides quick remittance in more than 20 countries to facilitate expats to send and receive money instantly and without any charges. The bank has 16 overseas offices in 13 countries with cooperation with many countries like Bahrain, Qatar, Kuwait and India, Pakistan etc.
Mashreq provides conventional and Islamic personal and investment banking and asset management services.
Bank Details:
Name: Mashreq Bank
URL: https://www.mashreq.com/en/uae/neo/
24/7 Helpline: +971 44244444
ATM & Branches: 31 Branches & 31 ATMs
6. Dubai Islamic Bank
The Dubai Islamic bank is and Islamic dubai located in Dubai established in 1975 by Saeed Bin Ahmed Lootah. This is the first Islamic bank that has islami principles in all its practices. The bank holds the title of World’s first full service Islamic bank and third largest Islamic bank in world. The bank has 90 branches in all over the UAE, operating in seven countries all over the world and rapidly expanding its services in globally.
Bank provides its services to approximately 1.7 million customers, DIB offers its growing consumer base an increasing range of innovative Sharia-compliant products and services. Some prominent subsidiaries of DIB are Dar Al Sharia, Dubai Isamic Bank Pakistan, Panin Dubai Sariah Bank etc. Dubai Islamic Bank offers corporate and personal banking services in Pakistan as well.
Opening account have many varieties like banking account etc provides services to users like cash management, online payment, business financing and saving accounts.
Bank Details:
Name: Dubai Islamic Bank (DIB)
URL: https://www.dib.ae/
24/7 Helpline: +971 46092222
ATM & Branches: 90 Branches & 520 ATMs
7. First Abu Dhabi Bank (FAB)
First Abu Dhabi Bank is formed from the alliance of the two banks, First Gulf Bank and National Bank of Abu Dhabi, in accordance of boards of directors of both banks on 3 july 2016. Later on decision was acknowledged form shareholders on 7th of December 2016 through swap mechanism of both banks shares.
Banks headquarter is in Khalifa Business park in Abu Dhabi and provides many facilities to its customers like home loan, personal loan and credit card etc. internet banking, fast transactions as well.
Bank Details:
Name: First Abu Dhabi Bank (FAB)
URL: https://www.bankfab.com/en-ae/personal
24/7 Helpline: +971 42130000
ATM & Branches: 74 Branches & 100+ ATMs
8. Standard Chartered Bank
Standard charted bank is a multinational bank having its headquarters In United Kingdom, bank gets 90% of its profit from Asia, Africa and the Middle East. The bank has prominence in UAE since 1958 with 80,000 employees and 150 years of remarkable history. The bank plays significant role in individuals life as well as business corporations providing investments, loans and trading facilities. The bank made a promise among its customers “here for good” to make an impeccable impact in customer’s life.
Bank has customers centric approach to provide effective banking experience and best digital banking experience as well.
Bank Details:
Name: Standard Chartered Bank
URL: https://www.sc.com/ae/
24/7 Helpline: +971 600522288
ATM & Branches: 5 Branches & 42 ATMs
9. Bank of Sharjah
The bank formerly named as National Bank of Sharjah is an Islamic bank established in 1976 and 2004 converted to fully shariah bank, have its headquarters in emirate of Sharjah in the UAE.
The bank provides many services to its customers weather they are individuals, companies, instituations, or investers etc according to shariah Islamic bank.
Bank has been enhancing its services according to the innovatin of digital era, has launched new digital account that provides their customers to use smart bank application to open an account without visiting the branch in person and get the unlimited access to their account.
Bank Details:
Name: Bank of Sharjah
URL: https://www.bankofsharjah.com/en
24/7 Helpline: +971 65694411
ATM & Branches: 7 Branches & 14 ATMs
10. Commercial Bank of Dubai
The bank is uae based banking and provides financial service corporation have their headquarter in Dubai established in 1969 by the late Rashid Bin Saeed Al Maktoum. The bank have massive shares of around 80% from UAE nationals and 20% from Investment Corporation from Dubai.
Commercial Bank of Dubai provides Wholesale, Corporate, Retail, Business, SME, Private and Affluent banking services.
Also, offers varities of services including insurance, development and administration of real estate and investment banking. The bank also provides card services to its customers from all over world.
Bank Details
Name: Commercial Bank of Dubai (CBD)
URL: https://www.cbd.ae/
24/7 Helpline: +971 600575556
ATM & Branches: