Banks

To develop an efficient, inclusive, and robust financial services sector to promote strong and healthy competition. RAKFA aims to create quality, value, and choice, in the customers’ best interests. List of licensed banks can be found below. All information is up to date.

LICENSED BANKS

RAKBANK Head Office
Goldman Lampe Private Bank
Abu Dhabi Islamic Bank
Dubai Bank
Bank Melli Iran
Bank of Baroda
Banque Du Caire
Commercial Bank International
Dubai Islamic Bank
Emirates Islamic Bank
HSBC Bank Middle East Limited
Commercial Bank of Dubai
Mashreq Bank
Arab Bank

Types of license

Foreign Retail

The licensing of foreign retail banks ensures robust standards for the protection of the RAK’s and foreign consumers.

Foreign Wholesale

We license foreign wholesale banks to ensure the services they offer to institutional investors, businesses and other banks are aligned with UAE standards.

National Retail

Our strong and effective licensing of the national retail bank sector guarantees that it continues to be robust and consumer-friendly.

Specialised

The unique services offered by specialised banks contribute to a diverse economy. Our licensing services ensure an effective regulatory framework.

National Wholesale

Our licensing underpins a diverse range of services offered by wholesale banks to institutional investors, businesses, other banks and investors.

Apply for a license

APPLY

For more information

If you have any questions, related to financial licensing, please contact us directly.

Call Us

+971 2 691 5555

Drop Us Mail

contact@rakfa.org

Location

10th Floor , Customs Building, Electricity Road – Ras Al-Khaimah – United Arab Emirates