The Consumer Protection Department works to protect consumers from financial misconduct through education, policy-making, and compliance monitoring and tracking of complaints resolution. Dr. Ali Mohammed Bakhit AlMadawi Al Rumaithi has acted as the economic and regulatory issues advisor for the Dubai government since 2017. Pages of this Website shall be uploaded within the full window of the user or as a new one. of the UAE as a public institution. Central Bank & Trust Co. is an Equal Opportunity Employer and does not discriminate on the basis of race, ethnic origin, gender, gender identity, sexual orientation, genetic information, marital status, disability, or protected veteran status. Abdulhamid M. Saeed Alahmadi appointed Governor, Decretal Federal Law No. Abdulrahman Saleh Al Saleh is the Director General of the Government of Dubai's Department of Finance (DOF) since 2009. All dirhams lead back to the UAE Central Bank which governs and licences financial institutions in the UAE. H.E. (14) of 2018 regarding the Central Bank & Organisation of Financial Institutions and Activities issued, H.E. Your Central Bank 2020 tax information will be available soon! Find ATM/Branch. Previously, H.E. Abdul 2.1 These Intellectual Property terms form part of the Central Bank of the UAE website general Terms and Conditions. If you want to notify us of incidents, provide tips relating to fraud, ethical violations, noncompliance with the applicable laws and regulations by CBUAE Employees, Contractors, and Representatives or have any questions about these matters you may choose to do so via email to Compliance@cbuae.gov.ae. 01/01/2021 | Customers are requested to call Bank's Toll free No. Khalid Mohammed Salem Balama, Member, H.E. Coordinates: .mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}24°27′23″N 54°20′13″E / 24.45639°N 54.33694°E / 24.45639; 54.33694, Banking Supervision and Examination Department, Learn how and when to remove this template message, "The UAE needs an economic policy more than a new governor", https://babel.hathitrust.org/cgi/pt?id=uc1.c110545539, "UAE Central Bank says goodbye to long-serving governor", "UAE appoints Abdulhamid Saeed as new central bank governor - government office", https://www.centralbank.ae/en/about-us#collapseBoardOfDirectors, International Bank for Reconstruction and Development, International Centre for Settlement of Investment Disputes, Central banks and currencies of Asia-Pacific, Central banks and currencies of the Caribbean, Central banks and currencies of Central America and South America, https://en.wikipedia.org/w/index.php?title=Central_Bank_of_the_United_Arab_Emirates&oldid=993658444, Government agencies of the United Arab Emirates, Articles lacking in-text citations from July 2015, Articles with Arabic-language sources (ar), Wikipedia articles needing clarification from July 2016, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License. H.E. In addition, it shall not be also legally liable for any damage that may be caused to you or any person as a result of violation of privacy regarding information that might be transferred to the website. In Person at our HQ offices – CBUAE Compliance Unit, In writing to Compliance Unit/ CBUAE PO Box 854, Abu Dhabi, UAE. The original purpose of the UAE Currency Board was to issue an independent currency for the new state to replace the existing currencies in use: the Qatari riyal and the Bahraini Dinar. However, the main branch is in Abu Dhabi. By using this website, you approve and accept these Terms and Conditions for privacy. Bank in-branch. Each bank provides a value on which the central bank picks an average value and sets as an interest rate on the home loan. 2.4 You must not use the name or logo of the Central Bank of the UAE in any advertisement or public announcement or any form of documents or records or communication (whether verbal or written or electronic or otherwise) without the Central Bank’s prior written consent. Prior to his appointment as Governor of the Central Bank of the UAE, His Excellency held senior executive positions, including his roles as Vice President – Citi Bank and Managing Director of First Gulf Bank PJSC, followed by his appointment as Chief Executive Officer of First Abu Dhabi Bank PJSC, as a result of the merger between First Gulf Bank PJSC and National Bank of Abu Dhabi PJSC in March 2017. Commercial Bank of Dubai. Central Bank is an institution that manages a state's currency, money supply, and interest rates. In a presidential decree issued in December 2018, 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. DUBAI: Dubai property prices fell 0.9% year on year in the third quarter after they were little changed in the previous quarter, a UAE central bank report said. 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. By Mail. The CBUAE is not a retail bank and we do not carry out transactions or hold funds for members of the public. The new Central Bank UK Alumni Visa Card has all the world-wide benefits you expect from Visa. Ali Mohammed Bakheet Al Rumaithi, Member. Central Bank of the UAE (CBUAE) Website - Government Departments in Abu Dhabi - Phone number. The building, located in eastern Dubai in Deira, houses the headquarters of the National Bank of Dubai.. SDC engages in the compilation and dissemination of Monetary, Banking, and External Sector statistics, including monthly statistical reports that capture the largest share of the financial sector regulated by CBUAE. Central Bank of the UAE Contact Info. The Central Bank urged the public to report to the relevant authorities when they receive fraudulent calls and messages, or in the event of financial fraud. Dear Valued Clients, Effective 3 May, 2020 CBDFS service desk will not be operational until further notice, as part of our continued preventive measures against the coronavirus pandemic. 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. Regional Economy. Attempting to conduct any test or survey for finding weakness of any system or network of Central Bank of The UAE or violating applicable procedures or documenting them without an official permit from Central Bank of The UAE. Abdulhamid M. Saeed Alahmadi was appointed Governor of the Central Bank of the United Arab Emirates on April 2nd 2020. 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. In addition, SDC publishes quarterly reports on the UAE Monetary, Banking & Financial Market Developments, Financial Soundness Indicators, and annual balance of payments statistics. H.E. With such an important role in the financial sector, H.E. 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. 5.4 Central Bank of The UAE may take the appropriate measures to protect the Website against any loss, abuse or change of information available on the Website, in which case the Central Bank shall not be liable for any damage caused to the user or any other person as a result of disclosure of confidential information shared through the Website. This bank decides the interest rates on a mortgage loan in UAE. 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 Department works to protect consumers from financial misconduct through education, policy-making, and compliance monitoring and tracking of complaints resolution. The website title shall not collect personal information about you when accessing the website unless you choose specifically and willingly to provide such information to us. Prior to his current position, H.E. Bank in-branch. Getting started with your Central Bank of the UAE Representative Office Licence Download the CentralMOBILE App. The payment, clearing and settlement systems owned by the Central Bank and enhancing these systems in coordination with the participants. Rulebook. CBUAE Classification: Public CBUAE & Dubai Islamic Economy Development Centre Join Forces to Strengthen Islamic Banking Sector Abu Dhabi/ Dubai ( October 3 rd, 2020): The Central Bank of the UAE (CBUAE) today signed a memorandum of understanding (MoU) with the Dubai Islamic Economy Development Centre (DIEDC) to reinforce and expand the reach of the Islamic banking sector, and to … 1800 22 1911 for blocking their accounts in case of lost debit card / unauthorized transaction through digital mode. Norges Bank also manages the Government Pension Fund Global. Norges Bank is the central bank of Norway and shall promote economic stability in Norway. Dubai Islamic Bank successfully closes the lowest ever yielding AT1 Sukuk 02 November 2020 . 6.1 The CBUAE reserves the right to make changes to the Terms and Conditions, this Website and its contents without prior notice. Get Central Bank of the United Arab Emirates contact details such as address, phone number, website, latest news and more at Arabianbusiness The department functions include the issuing of licenses to banking institutions, setting banking standards and regulations, and monitoring compliance. Please notify us if the fraud involves a misuse of the CBUAE’s name or logo, or the name of any CBUAE employee, or a fake email address or emails purporting to be from the CBUAE. Mubarak Rashed Al Mansoori appointed Governor, Regulatory Development Division was formed, Central Bank publishes its first Financial Stability Report, Formation of the National Anti-Money Laundering Committee, Anti-Money Laundering and Suspicious Case Unit (AMLSCU) was established, H.E. 5.2 The Website title shall not collect personal information about you when accessing the Website unless you choose specifically and willingly to provide such information to us. His Excellency recently held the position of Board Member in multiple entities including Abu Dhabi Development Holding Company, First Abu Dhabi Bank PJSC, Mubadala Investment Company and Sky News Arabia. Trending Dubai … 1800 22 1911 for blocking their accounts in case of lost debit card / unauthorized transaction through digital mode. However, UAE banks are starting to provide accounts without having to maintain a minimum balance. See them on cbd.ae. The Central Bank of the UAE has branches across the entire UAE; including Dubai, Abu Dhabi, Al Ain, Fujairah and Sharjah. CBUAE Governor reviews TESS Program and Systemic Stability with Banks CEO’s 24-09-2020. Opening a savings account in the UAE requires you to meet requirements such as minimum wage and minimum balance maintenance requirements. Online and Mobile Banking. The U.A.E. 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. Central Bank of The UAE may take the appropriate measures to protect website against any loss, abuse or change of information available on the website on the condition that Central Bank of The UAE shall not guarantee to maintain confidentiality of the website contents. Khaled Mohammed Balama is the Executive Director of the Real Assets Department at Abu Dhabi Investment Council, a role he has held since 2008. Get Central Bank of the United Arab Emirates contact details such as address, phone number, website, latest news and more at Arabianbusiness The Law No (10) also augmented the functions The Central Bank’s copyright symbol (© Central Bank of the UAE) must appear on any material reproduced, saved, printed or otherwise distributed from this Website. 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