Looking for the best banks in UAE? From innovative digital solutions to personalized financial services, UAE banks are redefining excellence in banking. Whether you need Sharia-compliant financing, global trade solutions, or seamless digital experiences, the UAE has it all.
Whether you’re searching for corporate banking, Islamic finance, or an app-driven banking experience—via this blog, I’ve got you covered! So, let’s explore the top-performing banks, and why they stand out, being the best choice for your financial needs.
Here are the 11 best banks in the UAE
| S.No | Names of the best banks in UAE | Best for |
| 1. | Emirates NBD | Best for Customer Service |
| 2. | Abu Dhabi Commercial Bank (ADCB) | Best for Digital Banking |
| 3. | Dubai Islamic Bank | Best for Expats |
| 4. | First Abu Dhabi Bank (FAB) | Best for Business Accounts |
| 5. | HSBC Middle East | Best for Investment Services |
| 6. | Mashreq Bank | Best for Savings Accounts |
| 7. | RAKBANK | Best for Loans and Mortgages |
| 8. | Standard Chartered UAE | Best for Young Professionals |
| 9. | Citi UAE | Best for High-Net-Worth Individuals |
| 10. | Noor Bank | Best for Low Fees |
| 11. | United Arab Bank | Best for Innovative Services |
- Emirates NBD
- Year of Establishment: 2007
Established through the union of Emirates Bank International and the National Bank of Dubai, Emirates NBD has become one of the largest, most prestigious, and best banks in UAE. Known for its advanced digital solutions, Emirates NBD introduced Liv., a mobile-only banking platform that is very popular among tech-savvy millennials and younger users.
With operations spanning multiple countries, including India and the UK, it has gained a global footprint. The bank is a significant contributor to the UAE economy, boasting a net profit of AED 6.7 billion in Q2 2024, a 67% increase from the previous year. Emirates NBD also actively supports financial literacy initiatives, making banking accessible and straightforward for all.
- Abu Dhabi Commercial Bank (ADCB)
- Year of Establishment: 1985
Abu Dhabi Commercial Bank (ADCB) is well-known for its innovative banking services tailored to individuals and businesses. Its “TouchPoints” loyalty program rewards customers with points redeemable across shopping, travel, and lifestyle.
ADCB’s digital banking app offers seamless bill payments, fund transfers, and real-time account monitoring, making it particularly appealing to younger users. The bank is deeply rooted in sustainability, recently committing to support green initiatives in the UAE. ADCB’s efforts have consistently earned it top accolades, including the ‘Best Retail Bank in the UAE’ award.
- Dubai Islamic Bank (DIB)
- Year of Establishment: 1975
As the world’s first full-service Islamic bank, Dubai Islamic Bank (DIB), revolutionized banking by sticking to Sharia-compliant principles. Its services, including profit-sharing accounts and Islamic home financing, attract customers seeking ethical financial solutions.
With the 2020 acquisition of Noor Bank, DIB solidified its position as the largest Islamic bank in the UAE. By adopting digital innovations, such as its AI-driven mobile app, DIB ensures that its services are accessible, ethical, and modern.
- First Abu Dhabi Bank (FAB)
- Year of Establishment: 2017
This bank was created through the merger of two banking giants, First Abu Dhabi Bank (FAB) is the UAE’s largest bank by assets. FAB’s global operations span five continents, providing financial solutions ranging from corporate banking to wealth management. Its FAB Rewards program offers customers a wide variety of benefits, enhancing customer loyalty.
In 2024, First Abu Dhabi Bank (FAB) posted a remarkable profit of AED 4.3 billion in Q2, caused by strong performance across all segments. Its focus on sustainability, including financing renewable energy projects, highlights its role in supporting the UAE’s green initiatives.
- HSBC Middle East
- Year of Establishment: 1889
With a legacy spanning over 150 years globally and a strong presence in the UAE, HSBC Middle East is synonymous with international banking excellence. The bank specializes in facilitating global trade and investment, making it the preferred choice for multinational corporations and immigrants.
HSBC’s mobile and online platforms provide seamless access to accounts and investments, ensuring convenience. The bank also leads in sustainable finance, aligning its strategies with the UAE’s vision of becoming a global hub for green energy.
- Mashreq Bank
- Year of Establishment: 1967
Mashreq Bank has a history of innovation, being the first in the UAE to introduce ATMs and credit cards. Its Mashreq Neo platform offers a fully digital banking experience, requiring no branch visits.
Mashreq’s unique focus on customer-centric services earned it the title of ‘Best Digital Bank in the Middle East’ in 2024. Additionally, its support for SMEs through tailored financial solutions greatly contributes to the UAE’s entrepreneurial ecosystem.
- RAKBANK
- Year of Establishment: 1976
The National Bank of Ras Al-Khaimah (RAKBANK) is a leader in supporting small and medium-sized enterprises (SMEs). Its RAKstarter account is particularly noteworthy, offering zero balance requirements and fee-free services, making it ideal for startups.
The bank’s strong mobile banking app ensures ease of access to financial services. RAKBANK’s active role in the SME sector has greatly contributed to the economic diversification in the region, making it one of the best banks in UAE.
- Standard Chartered UAE
- Year of Establishment: 1958
Operating for over 60 years in the UAE, Standard Chartered combines local expertise with its global network. Known for corporate and wealth management services, the bank is a preferred choice for multinational businesses.
In 2024, Standard Chartered launched its digital asset custody services in the UAE, becoming a pioneer in the region’s growing cryptocurrency sector. Its commitment to innovation and sustainability firms its position as a top bank in the UAE.
- Citi UAE
- Year of Establishment: 1964
Citi UAE has been a leading player in corporate and investment banking, offering tailored financial solutions to businesses and high-net-worth individuals. Citi’s global network makes it an ideal choice for customers seeking international banking services.
Its commitment to innovation is clear in the CitiDirect BE platform, which simplifies business banking through AI and real-time analytics. Citi continues to support the UAE’s development by financing key infrastructure projects.
- Noor Bank
- Year of Establishment: 2008
Since the beginning, Noor Bank quickly gained a reputation for its Sharia-compliant financial services. Focused on ethical banking, Noor Bank offers a range of Islamic finance products, including Murabaha home financing and Takaful insurance.
Its integration into Dubai Islamic Bank in 2020 expanded its services while maintaining its commitment to transparency and ethics. Noor Bank’s focus on digital transformation ensures seamless services for customers.
- United Arab Bank (UAB)
- Year of Establishment: 1975
United Arab Bank (UAB) is known for its strong focus on corporate and retail banking. Based in Sharjah, UAB supports businesses with customized financial solutions, particularly in the trade and manufacturing sectors.
Its loyalty programs and efficient digital services cater to a diverse audience in business. UAB’s strategic initiatives, including partnerships with fintech companies, position it as a forward-thinking bank committed to innovation and growth.
End Note
Choosing the right bank is essential for your financial journey, and the UAE offers a variety of exceptional options. From advanced digital services to Sharia-compliant solutions, these best banks in UAE cater to every need. Ready to make a choice? Explore the banks mentioned in this blog and find the one that aligns with your goals. Start your banking journey today with confidence and secure a better financial tomorrow!
FAQs
- Which are the best banks in UAE for personal banking?
The best banks in UAE for personal banking include Emirates NBD, Abu Dhabi Commercial Bank (ADCB), and First Abu Dhabi Bank (FAB). They offer excellent services like savings accounts, loans, and mobile banking to make managing your finances easy.
- What are the top banks in the UAE for business accounts?
For business accounts, the best banks in UAE are Mashreq Bank, Emirates NBD, and RAKBANK. They provide tailored business solutions, competitive fees, and reliable online banking services to support your company’s growth.
- Are there banks in the UAE offering Sharia-compliant services?
Yes, some of the best banks in UAE offering Sharia-compliant services include Dubai Islamic Bank, Abu Dhabi Islamic Bank (ADIB), and Emirates Islamic Bank. These banks provide products like Islamic savings accounts, loans, and investment options that stick to Islamic principles.
- What is the easiest bank to open an account in the UAE?
Mashreq Bank, Emirates NBD, and RAKBANK are among the best banks in UAE known for their simple and fast account-opening processes. They offer online options to help you get started with minimal paperwork.
