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Financial Institutions

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 financial companies can be found below. All information is up to date.

Types of license

Licences for Finance Companies

The RAK has a globally competitive finance sector, with diverse choice available across conventional finance and Islamic finance. The effective licensing of these sectors maintains a regulatory environment that is in line with international best practice.

Conventional Finance Company

The CBUAE licenses the conventional finance sector in the UAE to help drive the nation as an internationally-recognised centre for financial services.

Islamic Finance Company

As a global hub of Islamic finance, licensing of this sector ensures full Shari’ah compliance of all products and services offered by Islamic finance companies.

Apply for a license

For more information

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

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+971 2 691 5555

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