How to open a company account in UAE?

The United Arab Emirates is home to many foreigners and over the years the oil state has become a business hub for many companies. Many people moved to regional centers like Dubai and Abu Dhabi to do business and may live there for a long time. If you plan to…

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What is IBAN, How to generate IBAN number in UAE

What is IBAN, How to generate IBAN number in UAE?

International Bank Account Number (IBAN) is an international standard numbering system which identifies an overseas bank account. The number starts with a two-digit country code then two numbers and last is followed by alphanumeric characters. It is a number which identifies overseas payments and it does not replace bank account…

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National Bonds in UAE, Is it worth an investment

National Bonds in UAE, Is it worth an investment?

National Bond is a company led by the Dubai Government, a 50% -owned Dubai Bond Company. The company offers a Shariah-compliant investment plan designed to provide low-risk savings for the people of the UAE. It enables people to buy bonds, and earn annual interest after a period, which translates it…

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Overseas Filipino Workers Loan

Overseas Filipino Workers Loan – What you need to know?

About 10.2 million Filipinos are working away from their hometown, which constitutes 11% of the legal population of the Philippines. 6% of the UAE population are Filipinos. They work hard to earn a living abroad. To help overseas Filipino workers (OFW), there are Of financial institutions provide loans to realize…

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Best way to send money to home from UAE

Best way to send money to home from UAE

There are many ways to remit your hard-earned Dirham overseas, and the remittance industry in the UAE is exceptionally competitive. However, there is a reason for this: the UAE is one of the world’s largest outbound remittance countries. As per the latest data from the country’s central bank, residents remitted…

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Ways to save money in the UAE

Living prudently gives you enough time to enjoy Dubai and save money for a better future. Here are some tips which you can use to save money on electricity, save money on the grocery bill, and how to reduce transportation and gas expenses. Unless you know how to live prudently…

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Where to avoid investing in the UAE

Where to avoid investing in the UAE

Investment is a form of putting money into assets or commodities, to realize profits in the near or future. The investment allows a person to invest in real estate, companies, commodities, etc., and obtain profits over time. Sometimes, the profits will be huge, and it depends on the investment made….

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What is the reason of loan rejection in UAE?

What is the reason of loan rejection in UAE?

Assuming money has the ability to solve most of the problems in our lives. In life, we often encounter situations in which we may need additional funds. In this case, people can get from banks, and banks Get low-interest personal loans. Financial institutions. Do you know why? Of all the…

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Dubai Islamic bank loan

Top 5 Dubai Islamic bank loan

Founded in 1975, Dubai Islamic Bank is the largest Islamic bank in the UAE, with its assets and public stock companies listed on the Dubai financial market. DIB leads the development of the Islamic financial industry worldwide and is the world’s first full-service Islamic bank and the world’s third-largest Islamic…

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UAE Bank Accounts Without Minimum Balance

UAE Bank Accounts Without Minimum Balance

Opening a savings account in the UAE requires you to meet requirements such as minimum wage and minimum balance maintenance requirements. Few banks charge even high fees for not maintaining a minimum balance. However, UAE banks are starting to provide accounts without having to maintain a minimum balance. This type…

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