Best Banking & Finance Lawyers in Dubai

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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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Mohammad Al Najjar Advocates

Mohammad Al Najjar Advocates

Dubai, United Arab Emirates

Founded in 2015
50 people in their team
Arabic
English
Founded on the principles of beingclient-centric and result-driven, Mohammad Al Najjar Advocates and Legal Consultants has become a legal powerhouse that consistently delivers exceptional services.The founder’s vision is to become theindustry leader- the law firm of choicefor national and...
Abdul Hamed Al Jasmi Advocates & Legal Consultants

Abdul Hamed Al Jasmi Advocates & Legal Consultants

Dubai, United Arab Emirates

Founded in 2000
10 people in their team
Arabic
English
Abdulhameed Aljasmi Advocates & Legal Consultants (AJLC)is a full-service law firm based in Dubai, United Arab Emirates.We provide wide-ranging legal services in the corporate, commercial, hospitality and leisure, construction, labour, family law, criminal law and litigation sectors.The UAE has...
Al Reyami Advocates and Muhyealdeen International Legal Consultants

Al Reyami Advocates and Muhyealdeen International Legal Consultants

Dubai, United Arab Emirates

Founded in 2001
50 people in their team
Arabic
English
Al Reyami Advocates and Muhyealdeen International Legal Consultants is a top law firm founded since 2001 having over 50 lawyers in Dubai, Abu Dhabi, UAE, Riyadh, Al-Khobar, Istanbul and New York with best International and Local advocates – practicing and specializing in the different field of...
Azhari Legal Consultancy

Azhari Legal Consultancy

Dubai, United Arab Emirates

Founded in 2005
10 people in their team
Arabic
English
Azhari Legal Consultancy is a multi-disciplined and a multi-national law firm with lawyers and consultants specialized in commercial & corporate law, tax law and international law.Our main philosophy is based on the energetic representation of our clients’ interests.The objective of our...
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...
Dr. Ibrahim Al Mulla Advocate and Legal Services

Dr. Ibrahim Al Mulla Advocate and Legal Services

Dubai, United Arab Emirates

Founded in 1991
50 people in their team
Arabic
English
The Ebrahim Al Mulla and Partners Advocates and Legal Consultants Law Firm is unique in itself and has been since our inception in 1991 as we are committed in developing our own approach to solving all types of legal matters for our clients by not only working on their legal cases but also in...
Hadef & Partners LLC

Hadef & Partners LLC

Dubai, United Arab Emirates

Founded in 1980
200 people in their team
English
Arabic
Hadef & Partners is a leading independent UAE law firm, with 100 lawyers in our offices in Abu Dhabi and Dubai.The firm was founded on the guiding principles of:IntegrityDedication to client serviceProviding practical legal adviceThese principles remain at the heart of our firm.Just as the UAE...
LI & CO Lawyers In Dubai - Advocates & Legal Consultants

LI & CO Lawyers In Dubai - Advocates & Legal Consultants

Dubai, United Arab Emirates

Founded in 2000
200 people in their team
Arabic
English
LI & CO Lawyers in DubaiLawyers in Dubai, the best lawyers in Dubai and the UAE, yes .. we are LI & CO lawyers in Dubai, we are a group of the best lawyers and legal advisors in Dubai and the UAE, we have lawyers specialized in all branches of law, for each section of the law We have...
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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.