5.1 Restricted Licence Banks operating in the United Arab Emirates must maintain fully paid-up capital of at least one billion Dirham (AED 1,000,000,000), except in the case of foreign branch banks.

5.2 Foreign bank branches licensed to operate as Restricted Licence Banks must maintain capital as prescribed in the Central Bank’s Minimum Capital for Banks Regulation³.

5.3 As part of the licensing process, the Central Bank may impose a higher minimum capital requirement and define the quality of capital eligible to meet this requirement. This higher minimum capital requirement will remain applicable until such time that the Central Bank, at its sole discretion, revises the requirement and a new capital decision is taken.

³ Issued via Central Bank Circular No. 12/2021 on 14/2/2021