First Abu Dhabi Bank (FAB) in Dubai
The First Abu Dhabi Bank (FAB) has been regarded as the largest and safest bank in the United Arab Emirates (UAE). It provides personal, commercial, investment, and Islamic services. While it is headquartered in Abu Dhabi, FAB facilitates the Emirate of Dubai through multiple state-of-the-art branches and ATMs. It is known for its customer service and suitable packages.
Why choose First Abu Dhabi Bank in Dubai?
- Strong financial stability as the UAE’s largest bank
- Competitive interest rates on loans and deposits
- Advanced digital banking and mobile app features
- Services designed for individuals, SMEs, and corporations
- Shariah-compliant Islamic options
It’s dedicated to the modernization and development of global standards. This isn’t just a national institution. Its strings are diversified into five continents, providing UAE residents, expats, and foreigners with efficient economic and investment support.
This guide walks you through everything you should know about the First Abu Dhabi Bank before opening an account in Dubai. Explore the account details and other packages to understand what aligns with your requirements.
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Types of Bank Accounts from FAB
- Current Account
- Savings Account
- Fixed Deposit Account
- Islamic Account
A range of current account types is available to suit different economic needs. It’s perfect for daily needs. You can deposit and withdraw money at any time. It comes with a checkbook and debit card. The minimum deposit differs with each type. You can use online applications too for transactions. A current account is best suited for residents as well as expats.
The purpose of this account is to help you save money and earn interest. FAB’s isave account offers an interest rate of 4.50%. You get a debit card to use at ATMs and shops with unlimited withdrawals. A savings account deals in AED and other major currencies. The more money you save, the more interest you can earn.
A fixed deposit account is for saving a set amount of money for a fixed time. You cannot take money out until the time is over. The tenure can be different depending on your choice. This account provides you with a higher interest rate and helps you keep your savings aside from daily usage.
FAB provides accounts under Islamic law. Under this system, you get profit sharing with no interest. The profit rate is from 3.25% to 4.50% per year. You can open a current or savings account. It’s for all individuals who aim to remain compliant with Islamic law and access credible economic facilitations.
Steps to Open a Bank Account With FAB in Dubai
Choose an account type that fulfills your needs. The most common choices are current and savings accounts. You can explore business and investment options too.
Each package and account type requires different paperwork. Confirm the requirements and gather all the documents. Ensure they’re valid and complete.
Ensure that you meet the eligibility criteria defined under each account type. Expats and residents have to prepare documents and information accordingly.
Visit a branch or apply online. Choose the option more suitable for you. Submit all the necessary attachments with the application. Ensure transparency and validity. If you choose the online application, a representative will call you to follow up on the process.
After application approval, your account will be activated. You will be provided with a debit card, checkbook, and other documents.
Download the mobile app and register with your given account details. This makes banking very efficient for daily life convenience.
Deposit funds according to the required limit of your account type. Each account type has a defined minimum balance limit.
Your account is fully ready to use now. You can get cash, transfer money, and access all other facilitations.
Understanding General Trading License in Dubai
Buying and selling goods
Importing and exporting products
Wholesale and retail trading
Selling items online (e-commerce)
Trading tools, equipment, and materials
Storing and delivering goods (logistics)
In simple terms, if your business involves handling different products, this license is required. It is one of the most useful and flexible licenses in Dubai.
Difference Between Mainland & Free Zone Online Business
- Mainland
- Free Zone
The mainland licenses are regulated by the Department of Economic Development (DED). It provides several benefits to online businesses. Here are some of the highlights:
- You can trade freely within the UAE market
- UAE residents and foreign investors can get government support
- Mainland partnerships may be better for the long term
Free zones are regulated by their own authority, offering many benefits to new e-commerce businesses in Dubai. Some of the highlights about free zone setup include:
- Free zones in Dubai offers 100% foreign ownership and tax benefits
- Limited to operating within the Free Zone
- License issued by Free Zone authority with simplified setup
Your Best Banking Options in the UAE
Emirates NBD
This bank started in 1963. Its one of Dubai’s oldest and largest banks. It leading in digital banking. Its strong local trust and wide service network give it a solid edge in both personal and business services.
RAKBANK
RAKBANK was founded in 1976 and focuses on helping individuals and small businesses. It offers both regular and system compliant to Islam. The bank’s strength is in simple services, e.g. fast opening, and easy loan access for startups and freelancers.
First Abu Dhabi Bank
FAB was founded in 2017 from a merger and is now the largest bank in the UAE. It offers strong financial support and global reach. FAB’s edge is in high-value services and safe, large-scale banking for professionals and growing businesses.
ADCB
Abu Dhabi Commercial Bank began in 1985. It is known for smart digital services. It focuses on saving time for users through applications and online tools. It has strong customer service and tech-based growth. Among the best for personal and corporate banking.
Emirates Islamic Bank
This bank started in 2004. It is known for blending laws of Islam with modern tools. It was the first shariah bank to launch WhatsApp banking. Its main strength is offering Shariah-compliant products with easy access and user-friendly digital support.
Benefits of First Abu Dhabi Bank
Easy account setup
Low minimum balance
Mobile app access
Free debit card
ATM access 24/7
Online facilitation
Salary transfer perks
Bill payment option
Secure transactions
Global fund transfer
Eligibility Requirements to Open an Account
- Must be at least 18 years old to open a personal account with FAB
- UAE residents, GCC nationals, and non-residents are eligible
- Salaried individuals need a minimum monthly salary of AED 10,000
- Non-salaried individuals need an initial deposit of AED 10,000
- A valid passport and Emirates ID are required for individuals
- Proof of address, such as a utility bill or tenancy contract, is needed
- Business accounts require a valid UAE trade license
- Passport copies of all shareholders and signatories are required
- Business accounts also need a company profile and bank statements
- Board Resolution and Power of Attorney may be required for companies
Required Documents for Opening a FAB Account
- Valid passport copy
- Emirates ID copy
- Recent visa copy
- Salary certificate
- Utility bill copy
- Tenancy contract
- Trade license (for business)
- Memorandum of Association (MOA) (for business)
- Board resolution
- Company profile
- Power of attorney (if applicable)
Financial Support &
Banking Services
Loan Options
FAB provides multiple loan options for private, business, automobile, and housing purposes. The requirements and range differ for each type. Overall, the loans are provided at lower interest rates and on easier terms.
Digital Banking
FAB provides mobile and online account access, transactions, and alerts. It features digital integration of international standards with complete security using OTPs, biometrics, and other securitization tools.
Wealth Management
FAB provides wealth management facilitation to businessmen and companies. They provide an exceptional advisory panel with informed opportunities to trade globally. Bank’s Integration of high-end research and technology helps pick the best products.
Seamless Digital Financial Services with RAKBANK
Banking Packages
The bank offers several packages (Beyond, Emirati, and Plus Maximizer), allowing you to access free debit cards, up to 5 credit cards, exclusive rewards like cashback, insurance, and high-interest savings. These packages are suited to expats and nationals alike.
Loan Options
Need personal, auto, home, or national loans? RAKBANK offers flexible options with low rates, quick approvals, and no salary transfer. They even offer green loans for eco-conscious people to purchase solar panels.
Digital Banking
RAKBANK has digital platforms that ensure smooth account access and transactions with OTPs and RAKToken. They provide instant card blocking to secure logins. You can enjoy full control and advanced fraud protection at all times.
Dubai Banking Made Easy with IBG Consultancy
Book a Free Consultation
Contact our experts to choose the right account for your business or personal needs.
We Prepare Your Documents
Our team gathers, reviews, and organizes all required paperwork for a smooth process.
Direct Bank Coordination
We connect directly with leading banks in the country to fast-track your application.
Account Opened
Get your account activated and ready to use, without any delays or confusion.
Why IBG Consultancy is Trusted for Banking in Dubai
IBG Consultancy makes your banking journey easy. We provide you with a new account suitable for your requirements. All you have to do is get in touch with us, provide the details, and wait for the due processing time. Contact us today to open your account with FAB successfully.
Frequently Asked Questions
Where is the main office of FAB based?
The head office is located in Khalifa Business Park, Abu Dhabi.
Do they provide any kind of card with rebates?
Can UAE residents access customized options for their needs?
Is there any specialized assistance for high-net-worth individuals?
Do they assist both regional and cross-border connectivity?
What kind of specialized enterprise assistance is provided?
How secure is FAB’s account in terms of global economic positioning?
Are there specific tools for managing funds remotely?
Do they assist locally based ventures and projects?
Does FAB provide Shariah-based profit-sharing accounts?
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