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Best Banks in UAE

Best Banks in UAE and Dubai |  Banks in UAE | Banks in DUBAI

The United Arab Emirates is quickly becoming a Middle Eastern financial center. Banks, financial institutions, and insurance companies cater to the needs of an increasingly diverse population. Banks, in particular, provide a variety of benefits to their customers throughout the year, allowing everyone to pursue their goals.

We examine the best banks in the UAE in terms of products offered, customer service, accessibility, and technology in this blog.

Emirates National Bank of Dubai (ENBD)

ENBD is the UAE’s largest and most dependable bank, with operations in more than 10 countries across three continents. The National Bank of Dubai and Emirates Bank International merged in 2007, resulting in the formation of the bank.

The bank, which is headquartered in Dubai, provides a wide range of services to its clients. Individuals, corporations, HNWIs, and institutions can benefit from the bank’s priority banking and bespoke investment management services. Additionally, the bank has the most ATMs in the country. You’ll find an ENBD ATM even if you’re camping on the outskirts of Fujairah.

Abu Dhabi Commercial Bank (ADCB)

The Abu Dhabi Commercial Bank (ADCB) has a long history of supporting the UAE’s development. The Abu Dhabi Investment Council owns the majority of the bank’s shares and collaborates with the Abu Dhabi government on development projects.

The bank’s various business segments provide clients with retail, commercial, Islamic Banking, and investment management solutions, with total assets exceeding $75 billion. The bank’s customer service is one of its main attractions. ADCB breaks free from traditional banking’s silos and goes above and beyond to help clients. Customer service is one of their main advantages; you won’t have to queue at any of their locations.

Dubai Islamic Bank

Dubai Islamic Bank, which was founded in 1975, is the UAE’s largest Islamic bank and was the first to offer personalized Islamic finance options. The bank’s Islamic banking policies and solutions, which are headquartered in Dubai, serve as models for other Shariah-compliant financial institutions.
The bank promises attractive profit rates based on Shariah-compliant investments, as well as the ability to open an account for minors with no hidden or ongoing fees.

Standard Chartered

Standard Chartered, as one of the world’s leading international banks, provides outstanding banking solutions to its customers, with a strong emphasis on customer service and process automation. It was one of the first banks to implement automated teller machines, and it continues to set the standard for technological advancement and innovation.

Standard Chartered Xtra Saver Account, which pays a competitive 1.2 percent annual interest rate, is one of the bank’s most popular products. The account is available in both USD and AED and comes with an international debit card. Personal finance options based on Islamic principles are offered by Standard Chartered Saadiq Personal Finance.

Customers can earn 7.55 percent per year with this account, which also comes with a free checkbook and debit card. Furthermore, the bank provides a variety of priority banking services that include up to AED 7000 in cashback.

SC also provides comprehensive and fail-safe insurance solutions. Futura, which offers lifetime insurance, and Global Choice, which allows customers to give their children a head start with a regular savings policy, are two examples.

Abu Dhabi Islamic Bank (ADIB)

ADIB is one of the UAE’s oldest and most trusted banks, with over 70 branches and 460 ATMs across the country. To give customers the best of both worlds, the bank combines Shariah-compliant financial products with modern banking solutions. The bank places a strong emphasis on the young demographic and offers the country’s only student ISIC Card, which enables students to learn, grow, and succeed by teaching them how to manage their money effectively. The ISIC student card is accepted in more than ten countries around the world and provides a variety of exciting discounts both at home and abroad.


Mashreq Neo

Mashreq Neo is the UAE’s first digital bank and is a spin-off of the country’s oldest bank. The bank is completely branchless and paperless, and it provides all of the standard banking services as well as a few unique offerings to appeal to a younger demographic. Quick Remit, a feature that allows users to send money to more than 20 countries for free, is one of the many exciting features of the smartphone bank application. Expats use this service because it provides excellent exchange rates and allows them to send and receive money in a flash.

Aside from that, Mashreq Neo offers a variety of early-bird discounts and cashback deals – even referring a friend to the app earns you reward points and cashback. In terms of security, World Finance has ranked the digital bank as the leading and most secure mobile banking app in the Middle East in 2020. The Mashreq Neo smart bank app is praised by users for its simplicity, intuitiveness, and security features, with the app being updated every week to close any security gaps.

A full-featured bank in an app that is eco-friendly, saves time and provides customers with a plethora of rewards and cashback.
The banking industry in the United Arab Emirates is expanding at an unprecedented rate, but only a few banks can live up to the ideal bank’s billing. The top banks we recommend are Emirates National Bank of Dubai (ENBD), Abu Dhabi Commercial Bank (ADCB), Dubai Islamic Bank (DIB), Abu Dhabi Islamic Bank (ADIB), and Mashreq Neo.


First Abu Dhabi Bank (FAB)

FAB, the UAE’s largest bank and one of the world’s largest and safest institutions, provides comprehensive range of tailored solutions, products, and services to provide personalized experience. 
Through its market-leading Corporate and Investment Banking and Personal Banking franchises, it seeks to meet the banking needs of customers worldwide through its strategic offerings.
On July 3, 2016, FGB and NBAD announced that their boards of directors unanimously voted to recommend merger of the two banks to shareholders. 
On December 7, 2016, the two banks’ shareholders approved the transaction.
The transaction is merger of equals carried out via share swap, with FGB shareholders receiving 1.254 NBAD shares for each FGB share held.
Following the issuance of the new NBAD shares, FGB shareholders would own 52% of the combined bank, while NBAD shareholders would own 48%. 
The Abu Dhabi government and related entities would own roughly 37% of the company.
First Abu Dhabi Bank was chosen as the new entity’s brand name (FAB).
Techboardz is an entrepreneur and has a passion for article writing, he is an article writer and editor, he has full zeal to write


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