Unified UAE Legislation Database

13 UAE Central Bank

Status

In force

Issuing Authority

Effective date

XX.XX.XXXX

Official Link

https://

A brief overview of legislation from Real law 

Who is this overview for

This brief overview will be useful for:

•  Executives and employees of commercial and investment banks;

•  Specialists in Islamic banks and takaful companies;

•  CFOs and managers of companies operating in the UAE;

•  Regulators and compliance specialists in the financial sector;

•  Lawyers specializing in financial law and regulation;

•  Researchers and analysts studying the UAE financial system;

•  Investors and consultants engaged in investments in the UAE.

 

Key regulation areas

The financial system of the United Arab Emirates (UAE) includes the following key components:

 

1. The Central Bank of the UAE is the main regulatory body. It controls the banking sector, financial stability, the issuance of the national currency, as well as the UAE's monetary policy. 

 

The Central Bank of the UAE sets the key interest rate, taking into account the country’s economic situation, inflationary processes, and the dirham’s exchange rate, which has been pegged to the US dollar since 1997. The current exchange rates are available on the official website of the Central Bank of the UAE: https://www.centr...