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There are 22 domestic and 30 foreign banks in the UAE. The five largest banks dominate the country's banking industry with about 60% of the assets of the five largest banking sectors.

Islamic banking includes eight full-fledged Islamic banks and 23 Islamic windows established by conventional banks in the UAE, accounting for a combined 19% of total banking sector assets.

There are four types of banks in the UAE:

  1. Commercial bank

  2. Industrial Bank

  3. Merchant Bank

  4. Islamic Bank

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Md. Nur Azad

Lvl 5
4y ago

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