Best Banking & Finance Lawyers in Dubai

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Souzan Elkayaji Legal Consultancy F.Z.E

Souzan Elkayaji Legal Consultancy F.Z.E

30 minutes Free Consultation
Dubai, United Arab Emirates

Founded in 2010
16 people in their team
Arabic
English
Malayalam
Tamil
Hindi
Kannada
Tagalog
Souzan Elkayaji Legal Consultancy: Your Trusted Partner in Legal ExcellenceSouzan Elkayaji Legal Consultancy stands as a beacon of legal expertise and commitment to justice. Founded by Souzan Elkayaji herself, a seasoned attorney renowned for her dedication to her clients and unwavering pursuit of...
Sunil Ambalavelil - Lawyer and Legal Consultant

Sunil Ambalavelil - Lawyer and Legal Consultant

Dubai, United Arab Emirates

Founded in 2000
50 people in their team
Arabic
English
Renowned Dubai Based Mangalorean Advocate Sunil Ambalavelil Granted UAE Golden VisaMangaluru: Dubai based corporate Lawyer and Legal expert Sunil Ambalavelil has been awarded the prestigious Golden Visa by the Government of UAE in recognition of his excellence in the legal profession spanning...
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Al Kabban & Associates Advocates and Legal Consultants

Al Kabban & Associates Advocates and Legal Consultants

Dubai, United Arab Emirates

Founded in 1993
50 people in their team
Arabic
English
About UsAl Kabban & Associates was founded in 1993 with a strong vision of providing exceptional legal representation in the UAE. With over 28 years of experience the firm has proven success and understanding of the legal system and its framework. This success is founded on the philosophy of...
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Bin Meshar & Co. Law Firm

Bin Meshar & Co. Law Firm

Dubai, United Arab Emirates

Founded in 2013
50 people in their team
Arabic
English
About:Bin Meshar & Co. Advocates and Legal Consultants are based in the heart of the UAE. We service our clients from two offices located in Dubai and the capital of the United Arab Emirates, Abu Dhabi.Our Legal network is expanding globally, and we are proud to partnerwith one of the leading...
Galadari Advocates & Legal Consultants

Galadari Advocates & Legal Consultants

Dubai, United Arab Emirates

Founded in 1983
200 people in their team
Arabic
English
About usThe United Arab Emirates (UAE) has advanced over the decades to become one of the most innovative and smart-driven economies of its time, whilst developing its legal framework. The team at Galadari are both proud and privileged to have contributed to the evolution and development of the...
Fatma Al Moosa Advocates and Legal Consultancy LLC

Fatma Al Moosa Advocates and Legal Consultancy LLC

Dubai, United Arab Emirates

Founded in 2006
50 people in their team
Arabic
English
OverviewWe offer advice and legal services in all areas of law, including but not limited to, commercial, corporate, maritime, insurance, banking and finance, construction, franchise, tax, trust and estate planning, employment, intellectual property, information technology, Sharia, Arbitration and...
Nasser Alawar, Advocates & Legal consultants

Nasser Alawar, Advocates & Legal consultants

Dubai, United Arab Emirates

Founded in 2000
50 people in their team
Arabic
English
Nasser Al AwarLAWYER AND A RETIRED DUBAI POLICE BRIGADIERA United Arab Emirates National, dedicated Lawyer, and a retired Dubai Police brigadier with 30 years in law enforcement with extensive experience in providing community safety, enforcing the laws, maintaining the peace, and assisting...
RAALC Law Firm

RAALC Law Firm

Dubai, United Arab Emirates

Founded in 2013
50 people in their team
Arabic
English
RAALC Tradition Of Excellence – RAALCRAALC’s journey began in 2013, when it was co-founded in the Emirate of Sharjah. Our success continued through years and we opened our two newbranches in Ras Al Khaimah and Dubai, which in 2018, became our headquarter.The tradition of excellence recognised...
Saeed Sulayem advocate and legal consultant Dubai

Saeed Sulayem advocate and legal consultant Dubai

Dubai, United Arab Emirates

Founded in 2000
50 people in their team
Arabic
English
Our MissionIn line with open door and globalization strategies, our legal services has been improved to follow the latest scientific and technological methods and techniques that contribute to amendment of laws and legislations and development of the performance of the bodies responsible for...
Sara Advocates and Legal Consultants

Sara Advocates and Legal Consultants

Dubai, United Arab Emirates

Founded in 2000
50 people in their team
Arabic
English
Sara Advocates is a law firm based in Dubai, UAE. We are a team of lawyers who are dedicated to providing our clients with the best possible legal services. We have a wide range of experience in different areas of law and are passionate about helping our clients achieve their goals.Since our humble...
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About Banking & Finance Law in Dubai, United Arab Emirates

The banking and financial sector in Dubai, being a global business hub, operates under a robust legal framework. The Central Bank of UAE is the primary body regulating the sector which includes credit and financial institutions, banks, and investment firms. Additionally, the Dubai Financial Services Authority (DFSA) oversees financial & banking activities within the Dubai International Financial Centre (DIFC). The wide array of regulations covers aspects such as anti-money laundering, data protection, consumer rights, lending, taxation, and Islamic banking.

Why You May Need a Lawyer

Legal advice is often needed in matters related to applying for business loans, setting up of a new bank or financial institution, matters related to insolvency, breach of banking contracts, merger or acquisition-related issues, and international transactions. Alongside, legal aid could be beneficial in ensuring ongoing banking or financial operations are in compliance with the complex regulatory landscape within Dubai.

Local Laws Overview

The local laws of Dubai are primarily influenced by Islamic law (Sharia law) in addition to civil law traditions. It has a separate framework for Islamic Finance, which prohibits interest or engaging in speculative activities. Additional significant regulations include the UAE's Central Bank Regulation which governs the licensing of banks, anti-money laundering laws, and consumer protection laws. For institutions under DIFC, they are regulated by common law framework influenced by English law.

Frequently Asked Questions

What are the banking hours in Dubai?

Banking hours typically fall between 8 AM and 1 PM, Saturday to Thursday but can vary among institutions. Many banks offer electronic services 24/7.

Does Dubai allow foreign investment in the Banking & Finance sector?

Yes, Dubai encourages foreign investment in many sectors, including banking and finance. However, every foreign investor must abide by the legislation and regulatory standards enforced by UAE's Central Bank and DFSA.

What is Islamic Banking?

Islamic Banking refers to a system of banking that is in compliance with the principles of Islamic law (Sharia law). It prohibits earning and payment of interest but promotes profit-sharing and joint risk-bearing.

What are the main anti-money laundering requirements?

Entities are obligated to implement internal policies, procedures and controls to combat money laundering, including maintaining rigorous customer identification, record-keeping, reporting suspicious transactions and cooperating with local authorities.

How can I resolve a dispute with a banking institution in Dubai?

You should first attempt to resolve the issue with the bank directly. If this proves unsuccessful, you can consider submitting a formal complaint to the Central Bank of UAE or the DFSA, depending on the jurisdiction of the bank.

Additional Resources

The Central Bank of the UAE and the Dubai Financial Services Authority (DFSA) websites are primary resources for detailed banking and finance regulations in Dubai. You can also refer to the official portal of the UAE government which provides comprehensive information on banking laws, consumer rights, and anti-money laundering rules.

Next Steps

If you require legal assistance concerning banking and finance matters in Dubai, start by understanding your specific need. It's recommended to engage with a local lawyer who specializes in banking and finance law in Dubai. They will have the right knowledge of the intricacies of local and federal laws, banking norms, and regulatory requirements pertinent to your situation.

Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.