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United Arab Emirates

Who we are

United Arab Emirates at a glance

The United Arab Emirates (UAE) is made up of seven emirates Abu Dhabi, Dubai, Sharjah, Ajman, Um Al-Quwain, Ras Al Khaimah and Fujairah. Each emirate has its own local government and ruler, contributing to the UAE’s unique blend of traditions and modernity. The estimated population of the UAE is approximately 9.3 million.

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Banking

Banking in the UAE is regulated and monitored by the Central Bank of the United Arab Emirates.There are approximately 23 financial institutions operating in the country, with some of the largest being First Abu Dhabi Bank (FAB), Emirates NBD, Abu Dhabi Commercial Bank (ADCB) and Dubai Islamic Bank (DIB). The Central Bank of the United Arab Emirates serves as the central bank and monetary authority.
Website: www.centralbank.ae
Address: P.O. Box 854, Abu Dhabi, UAE
Email: info@centralbank.ae

Peer-to-Peer Lending Regulations

P2P lending is authorized and regulated by the Securities and Commodities Authority (SCA).
Website: www.sca.gov.ae
Address: P.O. Box 1866, Abu Dhabi, UAE
Email: info@sca.gov.ae

Financial Regulators

The financial regulator is the “Securities and Commodities Authority” (SCA). The SCA is responsible for overseeing and regulating the securities and commodities markets in the UAE. It plays a crucial role in ensuring transparency, investor protection and the integrity of the financial markets.

Small Claims Procedure

The UAE provides channels for resolving minor civil disputes through its legal system.The procedure allows for expedited dispute resolution for certain types of cases involving smaller amounts.The specific monetary limit for cases eligible for the small claims procedure can vary.