By Best Banks In UAE 2025
Besides its luxury hotels, restaurants, and other attractions, the UAE is also a leading financial hub in the Middle East. Many large companies and investors are expanding their businesses here, creating a strong demand for top-tier banking services. With so many options available, choosing the right bank in the UAE can be challenging. To help, I’m sharing a list of the Best Banks in UAE to guide you in selecting the one that best fits your financial needs and preferences.
Top 10 Banks In UAE
There are nearly 51 banks in the UAE to choose from, whether you’re an expat or a professional. Below is a list of the top rated banks in UAE, along with their key features and offerings. These banks are preferred by many companies, investors, and businesspeople.
- Emirates NBD
- Dubai Islamic Bank
- First Abu Dhabi Bank
- Standard Chartered Bank
- HSBC Bank Middle East
- Mashreq Bank
- Abu Dhabi Commercial Bank
- Abu Dhabi Islamic Bank
- RAK Bank
- National Bank of Fujairah
1. Emirates NBD
Founded: 2004
Headquarters: Dubai, United Arab Emirates
Customer service: 00 971 600 599995
Total Assets: AED 107 billion (first nine months of 2024)
Net Profit: AED 2.5 billion (first nine months of 2024)
Emirates NBD is one of the top banks in UAE, known for its excellent customer service and wide range of offerings. It is now one of the largest banking groups in the GCC, operating in over 13 countries. The bank provides personalized banking solutions through a user-friendly digital platform.
Customers benefit from quick and efficient support for both everyday transactions and complex financial decisions, with a dedicated team available 24/7. With 33 branches and the largest number of ATMs in the UAE, Emirates NBD is a top choice for expats seeking high-quality banking services in Dubai.
Emirates NBD is the best bank in UAE that offers a variety of services, including credit cards with low interest rates starting at 0.49%, personal loans with competitive rates from 2.81%, and Sharia-compliant investment options. The bank also boasts a strong online and offline presence, along with digital banking and investment banking services. Overall, Emirates NBD is among the best banks in UAE for both individuals and businesses.
2. Dubai Islamic Bank
Founded: September 15, 1975
Headquarters: Dubai, United Arab Emirates
Customer service: 00 971 4 609 2222
Total Assets: AED 329 billion (first nine months of 2024)
Net Profit: AED 2.5 billion (first nine months of 2024)
Dubai Islamic Bank is an excellent option for expats in the UAE. They can easily access and manage their accounts from anywhere through a user-friendly digital banking platform. As the first and leading Islamic bank in the UAE, DIB offers Sharia-compliant financial products with no hidden fees.
This top-rated bank has multiple branches and ATMs across the UAE. DIB provides a wide range of financial services, from investment banking and wealth management to retail and corporate banking. With a strong commitment to Islamic principles, DIB is a trusted choice for both locals and expats seeking ethical banking solutions.
DIB offers a variety of services, including credit cards for individuals earning at least 5,000 AED/month and personal loans for those earning 3,000 AED/month. This UAE top bank also provides Sharia-compliant savings accounts, competitive loan options, fee waivers, and preferential rates. Additionally, DIB offers Islamic investment options and specialized savings accounts, such as the Johara Ladies Savings Account.
3. First Abu Dhabi Bank
Founded: April 2017
Headquarters: Abu Dhabi, United Arab Emirates
Customer service: +971 2 681 1511
Total Assets: AED 1.2 trillion (first nine months of 2024)
Net Profit: AED 12.9 billion (first nine months of 2024)
First Abu Dhabi Bank is the largest bank in the UAE and a top choice for business accounts. Known for its excellent customer service, FAB offers a wide range of banking services. The bank provides innovative digital banking tools that make transactions secure and easy to manage, with efficient and reliable services, particularly for international transfers, wealth management, and everyday banking.
FAB offers a variety of personal loans with competitive interest rates starting at 4.74%, credit cards with rates from 1.5%, personalized account management, and 19 different credit cards. The bank also provides flexible financing options and special services like FAB at Work for companies and FAB Accelerator for individuals. These features make FAB an ideal partner for entrepreneurs and businesses.
4. Standard Chartered Bank
Founded: 1958
Headquarters: Sharjah, United Arab Emirates
Customer service: +971 600 522288
Total Assets: AED 639 billion (first nine months of 2024)
Net Profit: AED 18.56 billion (first nine months of 2024)
Standard Chartered Bank is a well-known global institution offering both regular and Islamic banking services. It provides a wide range of financial solutions, from personal banking to corporate finance. This top rated UAE bank aims to deliver innovative products, including high-interest savings accounts, trade finance, children’s savings accounts, Sharia-compliant loans, affordable life insurance, and investment banking services.
Standard Chartered is one of the best banks in the UAE for personal loans and is preferred by large companies and investors due to its global reach and expertise. The bank offers special services like priority banking, which can provide up to 7,000 AED cashback. It also supports clients with international financial needs. The monthly interest rate for credit cards starts at 1.99%, while loan interest rates begin at 4.31%.
5. HSBC Bank Middle East
Founded: 1889
Headquarters: Dubai, United Arab Emirates
Customer service: 00 971 600 554722
Total Assets: $59 billion (first nine months of 2024)
Net Profit: $30 billion (first nine months of 2024)
HSBC Middle East is one of the top-rated banks in the UAE, offering a wide range of financial services, including investment banking, corporate banking, personal banking, savings accounts, trade finance, and wealth and portfolio management. With a strong global presence and local market expertise, HSBC is well-equipped to meet diverse financial needs.
The bank provides clients with access to the best international financial markets, expert guidance, innovative financial tools, and investment opportunities, such as structured products and mutual funds. Known for its competitive rates on fixed deposits, HSBC is a leading choice for clients seeking reliable banking services in the UAE. The interest rates on personal loans start at 6.74%, while credit card rates begin at 3.69%.
6. Mashreq Bank
Founded: 1967
Headquarters: Dubai, United Arab Emirates
Customer service: 00 971 4 424 4444
Total Assets: AED 254.4 billion (first nine months of 2024)
Net Profit: AED 6.5 billion (first nine months of 2024)
Mashreq Bank is one of the best banks in UAE for expats seeking advanced banking technology. Known for its innovative digital products and modern banking solutions, Mashreq enhances customer satisfaction with its user-friendly mobile app, which allows fee-free money transfers to over 20 countries.
Mashreq offers a wide range of top-rated financial services, including Islamic brokerage services, personal banking products, investment banking options, and corporate solutions. This is also the best bank in Dubai that provides various savings account options to suit both individuals and businesses, such as the Mashreq Millionaire account.
As one of the fastest growing banks in the UAE, Mashreq offers competitive interest rates, with credit cards starting at 3.85% and personal loans starting at 5.99%. Additionally, using Mashreq Neo, the UAE’s first digital-only bank, offers rewards and discounts. Mashreq is an excellent choice if you’re looking to transfer money internationally without any fees.
7. Abu Dhabi Commercial Bank
Founded: 1985
Headquarters: Abu Dhabi, United Arab Emirates
Customer service: 00 971 2 621 0090
Total Assets: AED 639 billion (first nine months of 2024)
Net Profit: AED 6.8 billion (first nine months of 2024)
Abu Dhabi Commercial Bank is one of the largest and most reputable banks in the UAE, offering a wide range of financial and digital banking services. This leading financial institution combines local expertise with an international perspective. They provide top-notch digital banking services, investment advisory, financial tools, wealth management, and corporate banking solutions.
Owned 58% by the Abu Dhabi government, ADCB is known for its outstanding retail banking products, including credit cards, savings and checking accounts, and personal loans. This top rated bank in UAE offers personal loans that are approved quickly, often within 7 days, with competitive interest rates starting at 4.99%. The bank’s credit card interest rates start from 2.5% per month.
8. Abu Dhabi Islamic Bank
Founded: May 20, 1997
Headquarters: Abu Dhabi, United Arab Emirates
Customer service: 00 971 2 610 0600
Total Assets: AED 223 billion (first nine months of 2024)
Net Profit: AED 4.6 billion (first nine months of 2024)
Abu Dhabi Islamic Bank is a top-rated, leading Islamic bank that offers Sharia-compliant financial products and services for home, personal, and business needs. With numerous ATMs and branches across the UAE, ADIB is committed to ethical banking and customer satisfaction. It also offers a student ISIC card, rewarding wise money management with discounts and benefits in over 10 countries.
ADIB provides global transaction banking services, offering cost-effective cash and trade management solutions for businesses and financial institutions. The bank offers several credit card options with interest rates starting at 3.75%. It also provides 10 personal loan options, with rates starting at 4.59%. In addition, ADIB offers investment solutions, wealth management, and corporate banking services, including project finance and trade finance.
9. RAK Bank
Founded: 1976
Headquarters: Ras Al-Khaimah, United Arab Emirates
Customer service: +971600544049
Total Assets: AED 12 billion (first nine months of 2024)
Net Profit: AED 1.68 billion (first nine months of 2024)
RAK Bank is one of the best banks in UAE for both locals and expats, offering comprehensive solutions, easy access, and excellent customer service. It provides a wide range of top financial services, including working capital finance, business loans, SME banking, trade finance, and retail and wholesale banking, particularly tailored for entrepreneurs.
Owned by the Ras Al Khaimah government with 52.75% ownership, RAK Bank is an excellent choice for both individuals and businesses. The bank has received numerous awards, including SME Bank of the Year and Best Internet Banking. With 33 branches across the UAE, RAK Bank offers competitive banking products and exceptional customer service. Personal loan interest rates start at 4.74% per annum, and credit card interest rates begin at 3.45%.
10. National Bank of Fujairah
Founded: 1982
Headquarters: Dubai, United Arab Emirates
Customer service: +92-21-111-627-627
Net Profit: AED 715 million (first nine months of 2024)
National Bank of Fujairah is a top UAE bank specializing in corporate and commercial banking. As a full-service bank, NBF caters to governments, businesses, and individuals. The bank offers a wide range of services, including corporate banking and loans, personal banking, investment services, trade finance, and treasury solutions. NBF also provides expert advice and customized solutions for businesses. The bank has earned numerous awards for its exceptional services in the UAE banking sector.
NBF offers a women-specific bank account, Elham, with no minimum balance requirement. Customers can also use the Tasdeed Prepaid Card for government service payments. The bank offers 2.99% interest on credit cards for those with a minimum salary of 5,000 AED, and personal loan interest rates are set at a flat 2.55% per annum.
Bottom Line
The UAE is home to many top-tier banks offering a wide range of services. Whether you’re an expat, a local, or a business owner, there’s a bank that suits your needs. By choosing one of the best banks in UAE, you can enjoy convenient banking, competitive rates, and expert financial advice.
For more interesting information about top attractions, including hotels, malls, cinemas, restaurants, and more in the amazing city of Dubai, visit mydubaivisit.com.
Frequently Asked Questions (FAQs)
Which Bank Is Best For UAE?
Emirates NBD, Dubai Islamic Bank, First Abu Dhabi Bank, Standard Chartered Bank, and HSBC Middle East are among the best banks in the UAE.
Which Is The Leading Bank In The UAE?
Emirates NBD, Mashreq Bank, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, and RAK Bank are considered the leading banks in the UAE.
Which Is Better Emirates NBD or ADCB?
ADCB is ideal for small to medium-sized businesses due to its customer-focused approach and competitive fees. Emirates NBD, on the other hand, is great for businesses thanks to its wide range of services and robust digital banking options.
What Is The Biggest Bank In The UAE?
First Abu Dhabi Bank is the largest bank in the UAE, formed by the merger of First Gulf Bank and National Bank of Abu Dhabi.
Which Bank Is Best In UAE For Low Salary?
Emirates NBD and Emirates Islamic require a minimum salary of AED 5,000, ADIB requires AED 8,000, and FAB requires AED 10,000.
