The CBUAE played a critical role in steering the nation through the economic challenges of the COVID-19 pandemic in 2021.
In response to the COVID-19 pandemic, the Central Bank of the UAE adopted a stimulus package worth AED 256 billion to support the UAE’s economy and financial system.
The Central Bank of the UAE is committed to providing automated licensing services to all financial institutions.
Our Vision: is to be among the top central banks globally in promoting monetary and financial stability and supporting the UAE’s competitiveness.
Our Mission: lies in enhancing monetary management, financial stability, and protecting consumers through effective supervision of Licensed Financial Institutions, prudent management of reserves, robust financial infrastructure and the adoption of digital technologies.
Financial and Monetary Statistics
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Banks and Financial Institutions
This section provides information on foreign and domestic entities licensed by the Central Bank of the UAE that operate in the UAE.
The CBUAE assumed supervisory and regulatory responsibility of the insurance sector pursuant to Decretal Federal Law No. (25) of 2020, which merged the Insurance Authority into the Central Bank.
Research and Statistics
View the latest data and reports from the CBUAE.
Consumers are the lifeblood of the UAE’s economy. Ensuring that their rights are protected adequately is a core CBUAE objective, and supported by the adoption of the new CBUAE law.
The latest news and announcements from the CBUAE may be found here.
The Financial Stability Department (FSD) helps to maintain and promote financial stability in the UAE by conducting analyses to assess the potential risks and vulnerabilities facing the country’s financial system, and by supporting CBUAE’s financial stability decision-making.
The Islamic Finance industry is growing at an accelerated pace, exceeding USD 2.44 trillion in assets globally, and recording a growth rate of 11.4%. The Islamic Finance industry is primarily manifested in banking, insurance (Takaful) and asset management sectors.
Anti Money Laundering (AML)
The CBUAE established a dedicated Department in August 2020 to handle all Anti-Money Laundering and Combatting the Financing of Terrorism matters (AML/CFT) which the Banking Supervision Department handled previously.
FinTech & Digital Transformation
Launched by The CBUAE in 2020, the Fintech Office aims to build a mature Fintech ecosystem in the UAE and position the UAE as the foremost Fintech hub regionally and globally.
The Risk Management and Compliance Department is the second line of defence for the CBUAE, responsible for the management and oversight of the financial risks and non-financial risks.
The key supervisory objective of the CBUAE, consistent with the BCBS Core Principles for Effective Banking Supervision, is to promote the safety and soundness of licensed financial institutions, in particular those in the banking, insurance, payments and remittance sectors.
Monetary Policy & Domestic Markets
The CBUAE is mandated to define and implement its monetary policy objectives through the formulation of the Dirham Monetary Framework. By developing and deploying related liquidity management facilities, the CBUAE is able to maintain the soundness and stability of the established monetary system in the UAE.
Payments and Settlements
Payment Systems are considered an important pillar in the financial market infrastructure. Accordingly, the CBUAE leads the establishment, development, operation and oversight of the payment systems in the UAE. The different services of these financial infrastructure systems are offered to participating institutes, which extend such services to their different customers.
Currency and Coins
In 1973, the UAE Currency Board issued the nation’s first banknotes. In 1982, the CBUAE released a second issue of UAE paper currency, following the transition from the UAE Currency Board to the CBUAE, instituted by Union Law No. (10) of 1980.
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Last updated on: Thursday 01 September 2022
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