The Central Bank is seeking to enhance the organization, development and regulation of the banking sector in the United Arab Emirates (UAE) in the context of the overall organization of the financial sector.

This Regulation introduces a licensing and supervision framework for ‘Specialized Banks with Low Risk’ (herein after referred to as Specialized Banks).

This Regulation is issued pursuant to the powers vested in the Central Bank under the Central Bank Law (Decretal Federal Law No. (14) of 2018 Regarding the Central Bank & Organization of Financial Institutions and Activities and its amendments).