About Us
The Central Bank of the UAE (CBUAE) promotes financial and monetary stability, efficiency and resilience in the financial system, and the protection of consumers through effective supervision that supports economic growth for the benefit of the UAE and its people.
2021
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Our Vision
Promoting monetary and financial stability towards sustainable economic growth.
Our Mission
Enhancing monetary and financial stability through effective supervision, prudent reserve management, and robust financial infrastructure in line with international best practices and standards.
Objectives
The Central Bank of the UAE aims to achieve the following objectives:
- Maintain stability of the national currency within the framework of the monetary system.
- Promotion and protection of the stability of the financial system in the state.
- Ensure prudent management of the Central Bank’s foreign reserves.
Our Values
Proactive
Establishing a proactive mindset that increases ownership, accountability, and innovation through empowering and enabling employees across all levels and facilitating effective decision making.
Transparent
Creating transparency and openness with the highest integrity across the organisation through effective communication and collaboration.
Talent-Centric
Building a caring, talent-centric organisation that rewards and recognises employees and emphasises their development.
The Central Bank's official mandate includes:
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To prepare and implement monetary policy in line with the National Agenda.
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To exercise the privilege of currency issuance.
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To organise Licensed Financial Activities, establish the foundations for carrying them
out, and determine the standards required for developing and promoting prudential practices.
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To set up appropriate regulations and standards for protection of customers of Licensed Financial Institutions.
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To monitor the credit condition in the state, in order to contribute to the achievement of balanced growth in the national economy.
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To manage foreign reserves to maintain, at all times, sufficient foreign currency assets to cover the monetary base.
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To regulate, develop, oversee and maintain soundness of the Financial Infrastructure Systems in the state, including electronic payment systems, digital currency, and stored value facilities.
CHAIRMAN
Vice Chairman
H.E. ABDULRAHMAN AL SALEH
Vice Chairman
H.E. ABDULRAHMAN AL SALEH
H.E. Abdulrahman Saleh Al Saleh is the Director General of the Government of Dubai's Department of Finance (DOF) since 2009. He also chairs the Board of Directors of the Dubai Financial Support Fund, and a member of the Executive Council of Dubai, as well as a member of the Dubai's Strategic Affairs Council.
H.E. Al Saleh is a member of a number of highly esteemed boards, including Dubai's Supreme Fiscal Policy Committee, Dubai World, the Federal Tax Authority as well as the Emirates National Oil Company (ENOC).
In a presidential decree issued in December 2018, H.E. Al Saleh was appointed as Vice Chairman of the Board of Directors of the United Arab Emirates Central Bank.
Previously, H.E. DOF's Director General has held many leadership and financial positions in a number of government entities at the local and federal levels, including the Senior Executive Director for Financial and Administrative Affairs at Dubai Customs. He also chaired a number of committees, notably the VAT Committee at Dubai Customs. He also oversaw and participated in a number of other regulatory and strategic committees, including the Executive Credit Policy Committee and the Indirect Taxation Working Group.
H.E. Al Saleh is a fellow member of the Chartered Institute of Management Accountants (CIMA) in the United Kingdom and holds an MBA degree from the American University of Sharjah.
GOVERNOR
H.E. Khaled Mohamed Balama
GOVERNOR
H.E. Khaled Mohamed Balama
H.E. Khaled Mohammed Balama was appointed as Governor of the Central Bank of the United Arab Emirates (CBUAE) on April 5th, 2021.
H.E. has a 30-year track record in leading UAE government entities. He brings significant experience of the CBUAE’s mandate to the role, having sat on the CBUAE’s Board of Directors since 2008.
Previously, as CBUAE Vice-Governor, H.E. was responsible for overseeing the key CBUAE functions of ensuring the UAE’s monetary and financial stability, protecting the nation’s banking system and transforming the financial landscape.
H.E. The Governor has also held senior roles at the Abu Dhabi Investment Authority, including Executive Director of the Real Assets Department at the Abu Dhabi Investment Council, and Board positions at the General Pension and Social Security Authority and Emirates Integrated Telecommunications Company (du).
H.E. graduated as a Bachelor of Science in Finance from Indiana University, USA, and has held a CFA charter since 1995.
MEMBERS
H.E. YOUNIS HAJI AL KHOORI
MEMBER
H.E. YOUNIS HAJI AL KHOORI
H.E. Younis Al Khoori is the Undersecretary at the Ministry of Finance UAE, a position he has held since 2007. In this role, H.E. is responsible for managing the day-to-day activities of areas such as governing budget, revenue operations, revenue diversifications, financial policies and procedures, and support functions.
H.E. also supervises the UAE’s tax and budget related matters as well as agreements including ‘avoidance of double taxations’ and exchange of tax information with OECD and FATCA. With such an important role in the financial sector, H.E. also assists in managing the UAE’s relations with regional and international institutions such as the IMF, World Bank, Arab Monetary Fund, and OPEC Fund.
Prior to his current roles, H.E. worked as the IT Director at the Department of Finance from 1997-2005. From 1995 – 1997, he was a Project Engineer at Abu Dhabi National Oil Company (ADNOC). In addition to his roles, H.E. has served on the board of several organisations which include the Central Bank of the UAE, UAE General Pension and Social Services Authority, Emirates Development Bank, UAE University, Al-Etihad Credit Bureau, Federal Tax Authority and the Arab Monetary Fund.
H.E. holds a Bachelor of Science in Computer Engineering from Boston University, USA and a Master of Science in Engineering Management from Northeastern University, USA.
H.E. ALI MOHAMMED BAKHEET AL RUMAITHI
H.E. Dr. Ali Mohammed Bakhit AlMadawi Al Rumaithi has acted as the economic and regulatory issues advisor for the Dubai government since 2017. In addition to his current role, Dr. Al Rumaithi is also a board member of Central Bank of the UAE.
Dr. Ali Mohammed Bakhit AlMadawi Al Rumaithi has served over 23 years with the Dubai Police Force. From 1999-2017, his responsibility with the was to build a new police vision to study legal and economic decision implications on crime and society’s wellbeing. Over the years, he has built great international cooperation to combat local and international crime.
Dr. Al Rumaithi is a registered member of the Chartered Institute of Arbitrators from the UK. He holds a PhD in Banking Regulations from the University of Leeds, UK, and a Master’s degree in International Political Economy from the University of Sheffield, UK.
Dr. Al Rumaithi has also received a number of prestigious awards over throughout his career. This includes the Dubai Government Honesty Award, Dubai Government Excellency First Class Award, and two awards from the Sheikh Rashid Awards for Academic Excellence.
H.E. SAMI DHAEN AL QAMZI
MEMBER
H.E. SAMI DHAEN AL QAMZI
His Excellency Mr. Sami Ahmad Dhaen Al Qamzi was appointed as Director General of the Dubai Department of Economic Development in September 2008, and Deputy Chairman and Managing Director of Dubai Media Incorporated (DMI) in November 2012.
Prior to this appointment, Mr. Al Qamzi held the position of Director General of the Department of Finance, where he worked directly with the Ruler's Court and Executive Council of Dubai to develop strategies that supported the economic and financial objectives of the Emirate.
Mr. Al Qamzi started his professional career with the Central Military Command of the UAE in 1986 in a financial administrative role. In 1998, he joined Al Bayan Press as Finance Manager and in 2003, he was appointed as Chief Financial Officer (CFO) for Dubai Media Incorporated. The following year, Mr. Al Qamzi became the Chief Executive Officer (CEO) of Al Bayan Press, where he played a key role in designing a strategy that led to the re-branding of the Al Bayan newspaper.
Mr. Al Qamzi holds a Bachelor of Arts degree, majoring in Economics and Accounting, from the Emirates University in 1985. With a strong commitment to professional development. Mr. Al Qamzi attends a range of specialized training courses and conferences.
Mr. Al Qamzi is extensively involved in business and industry through his board affiliations. His leadership, vision and commitment to the economic development of Dubai perfectly complement his ability to lead Dubai Department of Economic Development into the future.
Current Board Memberships and Affiliations:
Member, Executive Council of Dubai
Member, Strategic Affairs Council
Member, Board of Directors, UAE Central Bank
Board of Trustee member of the Mohammed Bin Rashid Al Maktoum Global Initiatives
Member in the National Industrial Coordination Council
Member in the UAE Soft Power Council
Board Member, Dubai Cares
Board Member, Dubai Real Estate Corporation
Board Member in the Higher Committee for Dubai Smart City
Board Member, Hamdan Bin Mohammed Smart University
Member in the Supreme Committee for Al Quoz Creative Zone
Member in the Supreme Committee for the Rights of Persons with Disability in Dubai
Vice Chairman, Dubai Islamic Economy Development Centre
Member, Dubai Free Zones Council
Board Member, Shabab Al Ahli Club
Past Board memberships and Affiliations:
Board Member, Zayed University
Board Member, Securities & Commodities Authority
Board Member, Union National Bank
Board Member, International Humanitarian City
Deputy Chairman, Mohammad Bin Rashid Housing Establishment
Banking Operations
The Banking Operations Department provides banking services and currency management services for transactions in all payment systems operated by the CBUAE.
Banking Supervision
The Banking Supervision Department is responsible for regulating the UAE banking sector through licensing financial institutions, issuing effective policy and regulations, surveillance to ensure compliance by regulated entities, and enforcement in case of non-compliance.
Consumer Protection
Consumer Protection Department works to protect consumers from financial misconduct through education, policy-making, and compliance monitoring and tracking of complaints resolution.
Financial Intelligence
The Financial Intelligence Department oversees the collection, analysis, and dissemination of information to combat money laundering, illicit organisation financing and the financing of terrorism to protect the UAE financial system from abuse by criminals and terrorist financiers and counter reputational risks.
Financial Stability
The Financial Stability Department maintains and promotes financial stability in the financial system, by identifying and monitoring potential, current and future risks. The Department forms macroprudential policy and applies macroprudential tools to reduce systemic risks to the financial system.
Monetary Management
The Monetary Management Department implements CBUAE’s monetary policy objectives through the development of the monetary management framework for the domestic market and management of day-to-day use of related policy tools.
Reserve Management
The Reserve Management Department is responsible for the management of CBUAE reserves as defined by the Reserve Management Policy and the asset allocation approved by the Board of Directors.
Research and Statistics
The Research and Statistics Department supports CBUAE and government policy-making by publishing reports based on research and analysis, and by maintaining relationships with international organizations that provide input for policy-making.
Banking Operations
The Banking Operations Department provides banking services and currency management services for transactions in all payment systems operated by the CBUAE.
Banking Supervision
The Banking Supervision Department is responsible for regulating the UAE banking sector through licensing financial institutions, issuing effective policy and regulations, surveillance to ensure compliance by regulated entities, and enforcement in case of non-compliance.
Consumer Protection
The Consumer Protection Department works to protect consumers from financial misconduct through education, policy-making, and compliance monitoring and tracking of complaints resolution.
Financial Intelligence
The Financial Intelligence Department oversees the collection, analysis, and dissemination of information to combat money laundering, illicit organisation financing and the financing of terrorism to protect the UAE financial system from abuse by criminals and terrorist financiers, and counter reputational risks.
Financial Stability
The Financial Stability Department maintains and promotes financial stability in the financial system, by identifying and monitoring potential, current and future risks. The department forms macroprudential policy and applies macroprudential tools to reduce systemic risks to the financial system.
Monetary Management
The Monetary Management Department implements CBUAE’s monetary policy objectives through the development of the monetary management framework for the domestic market and management of day-to-day use of related policy tools.
Reserve Management
The Reserve Management Department is responsible for the management of CBUAE reserves as defined by the Reserve Management Policy and the asset allocation approved by the Board of Directors.
Research and Statistics
The Research and Statistics Department supports CBUAE and government policy-making by publishing reports based on research and analysis, and by maintaining relationships with international organizations that provide input for policy-making.
Abu Dhabi - Head Office
Al Ain Branch
Parking available
Dubai Branch
Parking available
Fujairah Branch
Parking available
Ras Al Khaimah Branch
Parking available
Sharjah Branch
Parking available
