Best Banking & Finance Lawyers in Dubai

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Founded in 2000
50 people in their team
Arabic
English
Banking & Finance Tax Increment Financing Financial Services Regulation +8 more
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...
Nasser Hashem & Partners
Dubai, United Arab Emirates

Founded in 1991
50 people in their team
Arabic
English
Banking & Finance Tax Increment Financing Financial Services Regulation +8 more
NASSER HASHEMTHE VOICE OF JUSTICE!We have consistently excelled in a high profile and large scale cases where others have faltered. We constantly strive to obtain the best possible outcome with regards to our clientโ€™s needs.โ€‹โ€‹We offer a complete range of legal services to our local state,...
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
Banking & Finance Tax Increment Financing Financial Services Regulation +8 more
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...

Founded in 1993
50 people in their team
Arabic
English
Banking & Finance Tax Increment Financing Financial Services Regulation +8 more
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...
Fichte & Co
Dubai, United Arab Emirates

Founded in 2005
50 people in their team
Arabic
English
ABOUT USLaunched in 2005, Fichte & Co has become one of the UAEโ€™s leading law firms. Driven by passion, professionalism, and a team of over 25 dedicated local and international lawyers and counsel, Fichte & Co is a force to be reckoned with and the โ€˜go-toโ€™ firm for legal advice and...

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...
Afridi & Angell
Dubai, United Arab Emirates

Founded in 1975
200 people in their team
Arabic
English
Over its 45-year history, Afridi & Angell brought an innovative approach to the legal industry by delivering services grounded in a passion for law, entrepreneurial vision, legal ingenuity and a culture of excellence. The firm quickly developed a reputation for dynamic client service, business...
Naji Beidoun Advocates & Legal Consultants
Dubai, United Arab Emirates

Founded in 1976
50 people in their team
Arabic
English
About UsFounded in 1976, Naji Beidoun Advocates & Legal Consultants (NBALC) is now managed by Ms. Claire Grainger as Senior Partner and head of Corporate/Commercial with Ms. Fairouz Addeen as Legal Director and head of litigation.NBALC is a UAE-based law firm, specialising in the areas of...

Founded in 2011
50 people in their team
Arabic
English
Abdalla Alowais Advocates and Legal Consultancy laid its foundation in 2011 in the emirate of Dubai. Through years, we have carved an outstanding portfolio in the market and offer professional legal expertise for domestic SMEs to international conglomerates. We believe in creating long lasting...
Global Advocacy & Legal Counsel
Dubai, United Arab Emirates

Founded in 2002
50 people in their team
Arabic
English
ABOUT USGlobal Advocacy and Legal Counsel is a leading Middle Eastern law firm.  Established in 2002, we have offices in Abu Dhabi, Dubai, Muscat and Amman and provide local, regional and international clients with a full business law service.Internationally licensed, experienced and educated,...
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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.

Lawzana helps you find the best lawyers and law firms in Dubai through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Banking & Finance, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Dubai, United Arab Emirates - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.