1. Emirates National Bank of Dubai (ENBD)
With presence in more than 10 countries over 3 continents, ENBD is by far the largest and most reliable bank originating from the UAE. The bank was formed in 2007 after a merger between the National Bank of Dubai and Emirates Bank International. Headquartered in Dubai, the bank offers a plethora of services to its customers. From priority banking solutions to bespoke investment management solutions; the bank caters to individuals, corporations, HNWIs and institutions. Furthermore, the bank has the most number of ATMs in the country. Even if you’re camping on the outskirts of Fujairah, you’ll find an ENBD ATM nearby.
2. Abu Dhabi Commercial Bank (ADCB)
Abu Dhabi Commercial Bank (ADCB) is a bank that has a rich history of contributing to the development of the UAE itself. The majority shares of the bank are held by Abu Dhabi Investment Council, which works in tandem with the Abu Dhabi government to undertake development projects in the country.. With total assets in excess of $75 billion, the bank offers retail, commercial, Islamic Banking, and investment management solutions to clients through its various business segments. One of the highlights of the bank is its customer service. ADCB steps out of the silos of traditional banking, and goes the extra mile to assist customers. One of their main strengths is customer service – no matter which branch you go, you wouldn’t have to wait in long queues for your turn, a customer representative will always be available to you.
3. Dubai Islamic Bank
Established in 1975, Dubai Islamic Bank holds the distinction of being the first bank to offer personalized Islamic finance options, and is also the largest Islamic Bank in the UAE. Headquartered in Dubai, the bank’s Islamic banking policies and solutions serve as benchmarks for other Shariah compliant banks to follow. The bank guarantees attractive profit rates based on Shariah compliant investments, and also offers account opening facility for minors with no hidden or maintenance charges.
4. Standard Chartered
As one of the leading international banks in the world, Standard Chartered offers exceptional banking solutions to its clients; with a keen focus on customer service and automation of processes. It was one of the first banks to introduce automated teller machines; and continues to lead the way in terms of technology and innovation. The bank’s popular products include Standard Chartered Xtra Saver Account, which offers an attractive interest-rate of 1.2% per annum. The account can availed in USD and AED; with the bank providing an international debit card to go with it. Standard Chartered Saadiq Personal Finance provides personal finance options based on Islamic principles. This account lets customers attain a yearly profit of 7.55%; and provides a free cheque book and debit card. Moreover, the bank offers various priority banking facilities that offers a cashback of up to AED 7000.
5. Abu Dhabi Islamic Bank (ADIB)
With more than 70 branches and 460 ATMs across the UAE, ADIB is one of the oldest and most trusted banks in the UAE. The bank combines Shariah compliant financial products with contemporary banking solutions to offer customers the best of both worlds. The bank has a strong focus on young demographic – and offers the country’s only student ISIC Card, which lets students learn, grow and succeed with effective money management skills. The ISIC student card is recognized in over 10 countries globally and offers a range of exiting discounts both home and abroad.
6. Mashreq Neo
An offshoot of the oldest bank in UAE, Mashreq Neo is the first digital bank in the UAE. The bank is completely branchless and paperless; and offers all the conventional banking services as well as several unique offerings to attract a young customer-base. The smartphone bank application offers plenty of exciting solutions; such as Quick Remit; which allows individuals to send money to more than 20 countries without any charge. This facility offers excellent exchange rates, and is used by expats to send and receive money in a blink of an eye.