Top Ranking Best Banks In UAE For The Year 2024
Because of different financial institutions, including the best banks in UAE, and other insurance service providers, the United Arab Emirates has been becoming a financial center for the Middle East region. As the heterogeneous population of the UAE is increasing day by day, there are also international banks in Dubai that cater to their needs and requirements efficiently.
Banks are popularly known as the central hub of different businesses, and they enable each individual to pursue their ambitions as well. So most people are very conscious about searching for the query that states, “Which is the best bank in UAE?”
So in this blog, we brought you the list of the top banks in terms of the products they offer, technology, customer care service, and accessibility as well, so that you can find only the best bank in Dubai for expats.
List Of 6 Best Banks in UAE For Expats
There may be a lot of the best banks that have been working for many years in different states of the United Arab Emirates. But finding the best bank in UAE for ex-pats is not an easy task. But you should not feel any tension because we are here to help you out.
Up ahead, we have gathered some information about the top banks in Dubai based on which you can easily determine which one is the best bank in Dubai for you.
So, without wasting any time, let us move forward to the list of our 6 Dubai top banks. All these banks are listed below with brief descriptions and details in order to make it easy/clear for you to understand all the crucial aspects involved and then decide on the right one(s) for you.
- Abu Dhabi Islamic Bank (ADIB)
- Abu Dhabi Commercial Bank (ADCB)
- Mashreq Neo
- Emirates National Bank of Dubai (ENBD)
- Dubai Islamic Bank
- Standard Chartered
So it is the list of the top 6 best banks in UAE that are operating in the entire United Arab Emirates for the betterment of the banking and finance section. After going through this piece of writing, you can easily decide on the best bank. The details of each of the above banks are shared below.
1. Abu Dhabi Islamic Bank (ADIB)
ADIB is one of the oldest and most reliable banks operating in UAE with 460 ATMs and over 70 branches. To offer clients the best services in Shariah-oriented products, the bank has combined Shariah-compliant products with modern solutions that are involved in present-day banking.
Young demographics are the major focus of the bank these days. The best banks in the UAE are also well-known for providing students with the UAE’s only ISIC card, which assists students in learning, applying, growing, and achieving success in efficient money management tasks.
This ISIC card offers a lot of discounts in local and international places and is recognized by 10 different countries as well. The Global Transaction Banking (GTB) service is also a vital thing that is offered by Abu Dhabi Islamic Bank. This service provides you with the most cost-effective and matchless trade system solutions and cash trading between corporates and other financial institutions as well.
Reason For Uniqueness
To meet the needs of its clients, the bank has combined Islamic finance and Shariah with the contemporary and modern system of banking that is provided by the best banks in the UAE only.
Additional Details
Customer Care:011 971 2 610 0600
Headquarters: Abu Dhabi, United Arab Emirates
Founded: May 20, 1997
2. Abu Dhabi Commercial Bank (ADCB)
In the development of the United Arab Emirates itself, the Abu Dhabi Commercial Bank (ADCB) has played a very important role and has got a seriously rich history as well. Abu Dhabi Investment Council is the largest shareholder and is the owner of about 80% of the maximum shares of this bank. The Abu Dhabi Investment Council works with the Abu Dhabi government in tandem to take on different developmental tasks or projects countrywide.
The bank offers different facilities, including commercial, retail, investment management solutions, and Islamic banking, to its customers, also with different kinds of business portions. The best banks in UAE are well-known for their exceptional customer care service.
ADCB has stepped out from the traditional banking approach and introduced advanced milestones in order to facilitate clients in a true sense. No matter which branch you go to, you will not have to wait in a long queue at all.
Reason For Uniqueness
The main reason why this bank is so well-known is the highly exceptional customer care service provided by all the officials and representatives.
Additional Details
Customer Care: 011 971 2 621 0090
Headquarters: Abu Dhabi, United Arab Emirates
Founded: 1985
3. Mashreq Neo
You will be surprised to know that Mashreq Neo is one of the oldest banks that operate in the UAE and has introduced digital banking for the very first time. To attract young customers, the best banks in UAE are working in a completely paperless manner and have not got a single branch either. The Mashreq Neo Bank offers all the conventional banking services in a really modern and innovative style to attract young clients.
You can easily do all your work and get exciting solutions to primitive banking tasks as well. For example, you can easily send money to 20 different countries by using their Quick Remit service which won’t charge you a single penny. Expats can employ this application at the best rates for receiving and sending money with the speed of light. Such modernization is the key to the success of Mashreq Neo Bank.
Besides these services, you can get different early bird cashback and discount offers from Mashreq Neo. Even if you invite any of your friends to install this application, you will get cashback and reward points.
This digital bank has been ranked as one of the best banks in the UAE in terms of high security. The title was awarded by World Finance in 2020 for having the most secure banking app in the entire Middle East. For the simplicity, ease of use, safety features, intuitions, and updates, people always praise the online banking app offered by Mashreq Neo.
Reason For Uniqueness
People like their fully operational online bank app because it contains completely green details, which means it is totally paperless. The bank offers unlimited cashback and different discount offers. Besides these facilities, this back also saves plenty of time for their customers because of having an online application setup.
Additional Details
Customer Care:+971 4 424 6666
Headquarters: Dubai
Founded: 1986
4. Emirates National Bank of Dubai (ENBD)
ENBD is present on over 3 continents in more than 10 countries. Because of its extensive network approach across the globe, the Emirates National Bank of Dubai is considered the largest, most trustworthy, and one of the best banks in UAE of local origin. In 2007, Emirates Bank International and the National Bank of Dubai merged, and the resulting bank was then named Emirates National Bank of Dubai (ENBD).
The official tasks of this bank are headquartered in Dubai, and they know how to satisfy their clients as well. By offering a lot of services to its customers, ENBD has become the largest and most reliable banking system in the entire United Arab Emirates.
The bank caters to corporations and even individuals for custom/bespoke management solutions for investment and offers various other solutions regarding priority banking as well.
Besides all this information and facts, the most important thing that must be mentioned here is the number of ATMs. The Emirates National Bank of Dubai has got the largest number of ATMs present in the entire country, as it comes in at number two on the list of the best banks in UAE.
It is most probably possible that even if you are present in the outer parts/outskirts of Fujairah, ENBD ATM should be there at any nearby spot. This is the reason behind the immense success of this bank.
Reason For Uniqueness
This bank is unique in providing clients with a plethora of products and services. Most importantly, you can easily gain access to Emirates National Bank of Dubai ATMs regardless of where you are in the country.
Additional Details
Customer Care: 011 971 600 540000
Headquarters: Dubai, United Arab Emirates
Founded: March 6, 2007
5. Dubai Islamic Bank
This bank has created its own distinctive image in the banking world. Dubai Islamic Bank offers personalized Islamic financing options. The bank is the only one in the entire country that provides its clients with completely customizable financing under the influence of Islamic rules and Shariah.
Besides all this, Dubai Islamic Bank is one of the best banks in UAE that offers Islamic banking as well. Dubai Islamic Bank’s headquarter is in Dubai.
The benchmarks or standards for Islamic banking and other solutions for Shariah investments are considered benchmarks or standards for other banks. Most of the banks that deal according to Islamic rules follow the entire set of policies and Shariah rules for investment solutions and financing that are defined by Dubai Islamic Bank.
If you are interested in some Shariah-compliant investments, then you can get a handsome amount of profit just based on their policies, rules, and regulations. You can also get your account opened in a matter of no time at Dubai Islamic Bank. The opening of a new bank account does not show up any maintenance or hidden charges. A minor amount is required for the opening of a new account with this best bank in the UAE.
Reason For Uniqueness
The one and the only reason that makes this bank distinctive from the other banks working in the country is its Shariah-compliant banking policies. Dubai Islamic Bank is the largest and most reliable Islamic bank in the entire United Arab Emirates.
Additional Details
Customer Care:011 971 4 609 2222
Headquarters: Dubai, United Arab Emirates
Founded: 1975
6. Standard Chartered
If you are in search of a bank that is internationally well-known and has earned good repute in the United Arab Emirates as well, then no other bank can beat the class of Standard Chartered. It is one of the leading and best banks in UAE and is a reputable organization that offers extraordinary solutions to its customers.
The keen and major focus of this bank is to provide quality services to its clients and move towards the process of automation. Standard Chartered is on the list of the very first banks that introduced the automatic teller machine to the banking society. So it paved the way for modern innovation and technology as well.
The Standard Chartered Xtra Saver Account is the most popular product of the bank that provides a handsome interest rate of about 1.2% annually. You can avail of the account in Arab Emirates Dirhams or even in United States Dollars as well, and an international debit card is also provided to the clients along with this account.
If you want to get personal finance options that are truly based upon the principles of Shariah and Islam, then Standard Chartered Saadiq Personal Finance will be your best companion at this stage.
A yearly profit of about 7.55% can be obtained through this account. Furthermore, you will also get a free debit card and a checkbook. Besides all these, you can also avail of priority banking facilities by Standard Chartered that can give you a cashback of up to AED 7000, which is only provided by some of the best banks in UAE.
Besides the banking facilities, Standard Chartered also offers fool-proof insurance solutions for you and your family members to deal with any emergency.
Reason For Uniqueness
Standard Chartered is an internationally well-reputed bank that is working in many countries around the globe. This bank offers almost all kinds of facilities and advanced banking and financing solutions that are based upon Islamic and Shariah-regarded rules.
Additional Details
Customer Care:+971 600 5222 88
Head office: Standard Chartered Tower, Down Town Dubai, Near Sheikh Zayed Road
Founded: 1969
Conclusion
There are a lot of banks present in Dubai as the banking sector is growing speedily day by day. But a few banks are present in the competition because of their perfect facilities and banking qualities. These are the best banks in UAE.
There is no doubt that everyone wants to get the perfect services and utilities for themselves. So people strive hard to search for the best bank in the entire United Arab Emirates.
To make the whole search process very easy for you, we have compiled the data of these different banks together in order to make it very easy to select the best banking option for you and your banking transactions. We hope that after going through this article, you can now find the best bank according to your needs and requirements.
