PayTech Group's innovative solutions in hyper-personalised banking - Global Banking & Finance Review
This image showcases PayTech Group's leadership in hyper-personalised banking and payment solutions, highlighting their impact on the future of finance and digital payments.
Trading

List of Islamic Banks in Dubai

Published by Gbaf News

Posted on April 5, 2013

1 min read

· Last updated: December 14, 2018

Add as preferred source on Google

1 Dubai Islamic Bank
2 The Middle East Bank (Emirates Islamic Bank)
3 Standard Chartered Bank UAE
4 Sharjah Islamic Bank SIB
5 Noor Islamic Bank
6 Ajman Islamic Bank
7 Al Hilal Islamic Bank
8 Abu Dhabi Islamic Bank ADIB
9 HSBC Amanah
10 ADCB Islamic Banking

Key Takeaways

  • Dubai hosts several fully Shariah‑compliant banks such as Dubai Islamic Bank, Emirates Islamic, Sharjah Islamic Bank, Abu Dhabi Islamic Bank, Ajman Bank, and Al Hilal Bank.
  • Some global and regional banks offer Islamic 'windows' (e.g., Standard Chartered, HSBC Amanah, ADCB Islamic) under conventional banking licenses.
  • Dubai Islamic Bank is the world’s first full‑service Islamic bank, established in 1975 and remains the largest in the UAE by assets.
  • Some listed institutions in the original content (e.g., The Middle East Bank, ADCB Islamic Banking) may refer to subsidiaries or branding rather than standalone Islamic banks.

Frequently Asked Questions

What is Dubai Islamic Bank?
Dubai Islamic Bank (DIB) was founded in 1975 as the world’s first full‑service Islamic bank and is the largest Islamic bank in the UAE by assets.
Are all banks listed fully Islamic?
No — while some are fully Shariah‑compliant banks, others like Standard Chartered or HSBC Amanah offer Islamic services via conventional banking licenses.
Who licenses Islamic banks in the UAE?
Islamic banks are licensed and regulated by the Central Bank of the UAE under full Islamic bank regulations or via Islamic windows within conventional banks.

Tags

Related Articles

More from Trading

Explore more articles in the Trading category