Banks in UAE

There are a number of local and international banks in UAE . Some of them are Islamic banks that cater to Shari’a compliant banking requirements. An individual can apply for car loan, personal loan, and credit/debit cards; however, the grant of credit cards/loans is subject to the approval from the Central Bank. While the opening of an account is simple, many banks require customers to maintain a minimum balance in their accounts. The banks also offer good online banking options such as money transfer, payment of bills and others. All bank account holders are provided with an international bank account number for local and international transactions.