Banks in Dubai provide a huge spectrum of services to their clients . Dubai Banks are of both native and foreign control, with the notable presence of almost all major global players in their sector present in this Arabic city. Apart from normal retail banking to industrial transactions all are practiced by banks in Dubai.
Since United Arab Emirates is an Islamic country the Islamic code of conduct is followed by certain banks to cater to a strongly religious clientèle. These banks follow the Hadiz / Hadij which is the Muslim code of conduct. Dubai Bank make a gift payment to their customers since usury is strictly banned by the Muslim social laws.
A list of commercial banks in Dubai is given below:
- ABN-AMRO Bank
- ANZ Grindlays Bank
- Abu Dhabi Commercial Bank Ltd.
- Al Ahli Bank of Kuwait
- American Express Bank Ltd.
- Arab African International Bank
- Arab Bank Plc
- Arab Bank for Investment & Foreign Trade
- Arab Emirates Investment Bank Ltd.
- Bank Brussels Lambert
- Bank Melli Iran
- Bank Muscat Al Ahli Al Omani
- Bank Saderat Iran
- Bank of Bahrain & Kuwait
- Bank of Baroda
- Bank of Sharjah
- Banque Banorabe
- Banque Indosuez
- Banque Libanaise pour le Commerce
- Banque Paribas
- Banque du Caire
- Barclays Bank P.L.C.
- HSBC
- Cedel Bank
- Citibank N.A.
- Commercial Bank International Plc
- Commercial Bank of Dubai Ltd.
- Core States Bank
- Credit Suisse
- Dresdner Bank
- Dubai Islamic Bank
- Emirates Bank International Ltd.
- Emirates Industrial Bank
- First Gulf Bank
- HSBC Financial Services
- Habib Bank A.G. Zurich
- Habib Bank Limited
- Investment Bank for Trade & Finance
- Janata Bank
- Lloyds Bank PLC
- Mashreq Bank
- Merrill Lynch Bank Suisse
- Middle East Bank Ltd.
- National Bank of Abu Dhabi
- National Bank of Dubai Ltd.
- National Bank of Fujairah
- National Bank of Ras Al-Khaimah
- National Bank of Sharjah
- National Bank of Umm Al Quwain
- Philippine National Bank
- Royal Bank of Canada
- Societe Generale
- Standard Chartered Bank
- U.A.E. Central Bank
- UBS AG
- Union National Bank
- United Arab Bank
- United Bank Ltd.
- Westdeutsche Landsbank.
The Islamic Banks in Dubai are:
- Dubai Islamic Bank
- Emirates Islamic Bank
- Sharjah Islamic Bank
- Abu Dhabi Islamic Bank
- Islamic Commercial Bank
Dubai Banks therefore offer a substantial choice of services between foreign banks, locally incorporated banks and Islamic banks.
