First Abu Dhabi Bank

Name

First Abu Dhabi Bank

Legal name

First Abu Dhabi Bank PJSC

Website

https://www.bankfab.com

Company type

Public

Founded year

1979

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

First Abu Dhabi Bank (FAB) is the UAE's largest bank and one of the largest in MENA by assets (AED 1.40 trillion / USD 382 billion), offering universal banking — retail, corporate, Islamic, investment, and private banking — across 12+ countries.

Ownership category

akta.pro rank

Product category

Universal Banking

NAICS

Commercial Banking (522110)

SIC

National Commercial Banks (6021)

akta.pro primary industry

General SME & Middle-Market Commercial Banking (FSABABAA)

akta.pro secondary industries

Islamic SME & Commercial Banking (FSABAGAB), Islamic Corporate Banking (FSABAGAC), Block Trades & Accelerated Bookbuilds (ABB) (FSACAAAE)

Keywords

• Retail banking services
• Corporate banking
• Investment banking
• Islamic banking
• Wealth management

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices13 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Interest income from lending activities including corporate loans, mortgages, personal finance, and Islamic financing products. FAB generates interest income from both conventional and Shariah-compliant financing across retail, SME, and corporate segments.
2. Fee-Based Income: Fees from transaction banking services, trade finance, credit cards, wealth management, and investment banking advisory. FAB reported AED 3 billion in net fee and commission income from FABMISR alone in FY2025, demonstrating significant fee-based revenue streams.
3. Capital Markets & Debt Issuance: FAB raises funds through bond and sukuk issuances under its $20 billion Euro Medium Term Note Programme, generating underwriting fees and strengthening its balance sheet. The bank issued a $1 billion AT1 instrument at 5.875% in November 2025 and a £450 million senior bond in February 2026.
4. Islamic Banking Revenue: Revenue from Shariah-compliant products including Islamic savings accounts (up to 4.00% profit rate), Islamic personal finance, Islamic home finance, Islamic car finance, and Islamic credit cards. Islamic banking operates across retail, business, and investment segments.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels9 records

Core offering

First Abu Dhabi Bank (FAB) is the UAE's largest bank by assets (AED 1.40 trillion / USD 382 billion), providing universal banking services across personal, SME, corporate, investment, Islamic, and private banking segments. It operates through physical branches, digital channels (FAB Mobile), and dedicated relationship managers across 12+ countries spanning MENA, Europe, Africa, and Asia. FAB generates revenue primarily through net interest income on conventional and Shariah-compliant lending, complemented by transaction banking fees, wealth management commissions, investment banking advisory, and capital markets activity.

Product overview

First Abu Dhabi Bank (FAB) operates as a unified universal banking platform offering a comprehensive portfolio across Personal Banking, Business Banking, Corporate and Investment Banking, Islamic Banking, and Private Banking segments. The core banking ecosystem is anchored by FAB Mobile (digital banking app), the Temenos-powered core banking engine, and the FAB Securities trading platform, supplemented by the FAB Islamic sub-brand for Shariah-compliant products, the FAB Private Banking wealth management division, and the recently launched DDSC UAE dirham-backed stablecoin on the ADI Chain blockchain. The bank serves retail customers through credit cards (FAB Rewards Active, ADNOC Rewards, Z Card, Elite, Travel, McLaren Racing co-brand), savings and current accounts (iSave, Islamic Savings), personal and home finance, while corporate and institutional clients access Global Transaction Banking, Global Corporate Finance, Global Markets, and trade finance capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• FAB Islamic: Shariah-compliant banking products and services including Islamic accounts, Islamic cards, Islamic financing for cars, homes and personal use.
• FAB Private Banking
• FAB Securities
• FAB Art Platform

Products and services

• FAB Mobile FAB's flagship mobile banking application for retail, business, and corporate customers, enabling account opening via Emirates ID, smart transaction categorization, financial insights, real-time alerts, biometric authentication, instant product enrollment, international transfers, and 24/7 account management.
• FAB Rewards Active Credit Card A wellness-focused credit card rewarding fitness activity (25 FAB Rewards per 1,000 steps daily), offering complimentary fitness and payment ring, gym access, sports brand discounts, with no fees for the first year for new cardholders spending AED 3,000 within 30 days.
• FAB ADNOC Rewards Credit Card A co-branded credit card offering 15% cashback on all ADNOC fuel spending, providing everyday rewards and savings at ADNOC stations for retail consumers.
• FAB Z Card A credit card designed for Gen Z customers, offering benefits focused on streaming, gaming, and lifestyle with no annual fees.
• FAB Elite Credit Card A premium credit card with first-year fee waiver and exclusive Elite lifestyle benefits, targeting high-net-worth retail customers.
• FAB Travel Credit Card A travel-focused credit card offering travel benefits, including a current promotion providing a free one-night stay at Rixos Bab Al Bahr for new cardholders.
• iSave Account A conventional savings account offering 4.00% per annum interest on new funds, with no monthly fees, no minimum balance requirement, and unlimited withdrawals, available to retail customers.
• FAB Islamic Savings Account A Shariah-compliant savings account offering an anticipated profit rate of up to 4.00% per annum, structured under Islamic principles (no riba/interest).
• FAB Islamic Personal Finance Shariah-compliant personal financing with profit rates starting from 2.49% per year (equivalent reducing rate of 4.74%).
• FAB Islamic Home Finance Shariah-compliant home financing with fixed profit rates starting from 3.99% per year.
• FAB Cashback Islamic Credit Card A Shariah-compliant credit card offering up to AED 1,500 monthly cashback and 5% cashback on fuel, dining, and groceries.
• FAB Fitness Payment Ring A first-of-its-kind wearable fitness tracker with integrated contactless Mastercard payment capabilities, using Thales's miniaturized secure chip for payment tokenization and Tappy Technologies's wearable integration, available through FAB's online and retail banking channels.
• Business Banking Suite A comprehensive business banking platform offering commercial accounts, commercial cards, business loans, business mortgages, trade and working capital finance, FX solutions, insurance and wealth, and cash management services for SMEs and mid-market businesses.
• Global Transaction Banking FAB's corporate banking division providing domestic and international transaction banking, trade finance, cash management, and correspondent banking services for large corporate and institutional clients.
• Global Corporate Finance Investment banking division combining local expertise with international reach for M&A advisory, deal origination, structuring, distribution, debt and equity underwriting for corporate and institutional clients.
• Global Markets FAB's markets division offering insights and products across foreign exchange, interest rates, credit, and commodities, leveraging research and technology for corporate and institutional clients.
• FAB Securities (FABS Online) Professional brokerage and execution services subsidiary of FAB providing online securities trading platform for equities and investment products with experienced client care.
• FAB Private Banking FAB's wealth management division offering bespoke banking, investment advisory, discretionary portfolio management, real estate investments, Lombard lending, and end-of-service benefits funds for high-net-worth individuals and families across Switzerland, Saudi Arabia, Singapore, UK, France, and the UAE.
• FAB World Elite Debit Card A premium debit card for Private Banking clients offering world-class lifestyle benefits and privileges.
• FAB Art Platform An art-related banking platform offering FAB Private Banking clients privileged access to world-class artworks, cultural opportunities, and bespoke art advisory services in partnership with trusted art experts.
• FAB End of Service Benefits Funds A voluntary EOSB savings scheme enabling UAE companies to enhance employees' end-of-service benefits through the government's Alternative Voluntary EOSB Savings Scheme.
• DDSC UAE Dirham-Backed Stablecoin A UAE dirham-backed stablecoin co-developed by FAB with IHC and Sirius International Holding, approved by the UAE Central Bank, operating on the ADI Chain blockchain for institutional payments, treasury settlements, and trade flows.
• McLaren Racing Mastercard Pass A co-branded Mastercard debit or credit card offering exclusive McLaren F1 rewards and benefits as part of FAB's official race partnership with the McLaren F1 Team.
• FAB Non-Listed Company Loan A personal loan product designed for employees of non-listed companies, providing access to credit outside FAB's standard employer-approved list.
• Commercial Banking FAB's commercial banking segment serving SME and mid-market business clients with dedicated relationship management and tailored products.
• FAB Islamic Business Banking Shariah-compliant business banking products including Ijara financing, Murabahah financing, Islamic trade facilities, Islamic guarantees, and Islamic deposit accounts for SME and corporate clients.
• FAB Elite Banking Service A priority banking service for affluent retail customers offering dedicated relationship management and tailored banking products, with 20 dedicated branches near key frontline workplaces in the UAE.

Quantifiable outcome

• 24% year-on-year increase in net profit to AED 21.11 billion for FY2025
• +5 more outcomes

Named customers9 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability6 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered flagship and core.

• Azerbaijan Ministry of FinanceflagshipStrategic or Co-development Partner · 18 June 2026FAB's delegation met with Azerbaijan's First Deputy Minister of Finance Anar Karimov in Baku to discuss bilateral cooperation opportunities in economic and financial cooperation, strategic infrastructure financing, sustainable development, green finance, digital transformation, and capital markets development. Both parties expressed satisfaction with developing relations and interest in expanding cooperation.
• ADI Foundation and International Holding Company (IHC)flagshipStrategic or Co-development Partner · 25 May 2026FAB co-initiated the DDSC UAE dirham-backed stablecoin with IHC and Sirius International Holding, operating on ADI Chain, an institutional Layer-2 blockchain developed by the ADI Foundation. The Central Bank of the UAE approved DDSC for institutional use in February 2026, marking a milestone in the UAE's regulated digital finance landscape. IHC executed a $30 million (AED 110 million) DDSC transaction, demonstrating operational readiness.
• Mastercard (SMB Programme)flagshipGTM or Marketing Partner · 8 May 2026FAB joined Mastercard's 'Built Small. Moving Strong.' programme alongside RAKBANK, Pemo, and Female Fusion to support SMBs in MENA with financial tools, digital enablement, and credit support amid trade disruptions and rising costs. RAKBANK committed AED 2 billion in additional SMB credit limits.
• TemenoscoreTechnology or Integration · 5 May 2026FAB extended its decade-long collaboration with Temenos to implement cloud-based core banking, payments, and data platforms for Islamic banking operations in Saudi Arabia. The deployment on cloud infrastructure enables FAB to deliver scalable, Shari'ah-compliant banking services across Retail, SME, and Corporate segments, supporting Saudi Vision 2030. FAB operates Temenos Core Banking across 12+ countries.
• Abu Dhabi Chamber of Commerce and IndustryflagshipStrategic or Co-development Partner · 4 May 2026FAB and the Abu Dhabi Chamber signed an MoU under which FAB serves as Strategic Sustainable Finance Partner for the Abu Dhabi Chamber Sustainability Label. The partnership provides a structured platform for knowledge exchange, capacity building, and market alignment, helping Abu Dhabi-based companies integrate sustainability into operations and access sustainable finance solutions as part of the emirate's economic diversification agenda.
• Microsoft and PresightcoreTechnology or Integration · 31 March 2026FAB hosted a virtual AI Agentathon with Presight and Microsoft, bringing together cross-functional teams to develop AI-driven solutions addressing real banking business challenges. Four teams comprising FAB, Microsoft, and Presight experts collaborated to design and present solutions evaluated on impact, feasibility, and business alignment. The initiative is part of FAB's strategy to accelerate AI adoption across operations.
• Bain & CompanycoreImplementation/ SI/ Consulting Partner · 23 January 2026FAB engaged Bain & Company for an AI-driven sustainability transformation initiative, indicating a strategic consulting engagement to embed AI capabilities across FAB's sustainability and ESG frameworks.
• Mastercard, Tappy Technologies, ThalesflagshipTechnology or Integration · 20 January 2026FAB launched the Fitness Payment Ring — the first wearable fitness tracker with integrated contactless payment capabilities from a major bank — in partnership with Mastercard (payment network), Tappy Technologies (wearable technology), and Thales (miniaturized secure chip for payment tokenization). The product is available through FAB's online and retail banking channels.
• T. Rowe PriceflagshipStrategic or Co-development Partner · 12 January 2026FAB announced a strategic partnership with T. Rowe Price, under which the global asset manager serves as FAB's investment partner providing solutions across equity, fixed income, alternatives, and multi-asset strategies. The collaboration aims to expand investment offerings for FAB's clients across retail, private banking, and institutional segments throughout the GCC region. T. Rowe Price CEO Rob Sharps stated the partnership reflects the firm's commitment to growing through innovative global partnerships.

Scale indicators16 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Emirates NBD: Emirates NBD is the largest rival to FAB among UAE banks, operating retail, corporate, Islamic (Emirates Islamic), and investment banking franchises across the UAE and broader MENA, with comparable scale and a similar full-service universal banking model.
• Abu Dhabi Islamic Bank: ADIB is a UAE-headquartered Islamic bank competing directly with FAB Islamic across retail, corporate, and Shariah-compliant investment banking, including acting as a mandated lead arranger alongside FAB in transactions such as DAE's $2.8B RCF.
• Abu Dhabi Commercial Bank: ADCB is a major UAE universal bank offering retail, SME, corporate, and Islamic banking services that overlap directly with FAB's UAE franchise and competes for the same government, corporate, and high-net-worth clients in Abu Dhabi and Dubai.
• Mashreq Bank: Mashreq is a UAE-headquartered universal bank with retail, corporate, and investment banking franchises; it has participated alongside FAB in cross-border financings (e.g., the Vedanta $350M facility) and competes for UAE and regional corporate mandates.
• Dubai Islamic Bank: DIB is the largest Islamic bank in the UAE by assets, operating a Shariah-compliant retail, corporate, and treasury franchise that directly competes with FAB Islamic across deposit, financing, and capital markets products.

Broad incumbents

• Qatar National Bank: QNB is the largest bank in the Middle East by some measures and a regional universal bank with retail, corporate, and Islamic offerings that compete with FAB for GCC corporate, government, and cross-border mandates.
• Saudi National Bank: SNB is the largest Saudi bank by assets and a key regional competitor as FAB expands its Temenos-powered Islamic banking franchise into Saudi Arabia under Vision 2030, pursuing the same corporate, retail, and capital markets wallet.
• HSBC: HSBC is a global universal bank with deep MENA roots, competing with FAB in cross-border corporate banking, transaction banking, capital markets, and wealth management, and is a frequent co-arranger (e.g., Acelen $1.5B alongside FAB).
• Standard Chartered: Standard Chartered is a global bank with a strong MENA, Africa, and Asia franchise that competes with FAB in cross-border trade finance, corporate lending (e.g., Vedanta and Sonangol deals), and emerging-markets transaction banking.

Regional players

• National Bank of Kuwait: NBK is a leading Gulf universal bank with retail, corporate, private, and Islamic banking franchises across the MENA region that overlap with FAB's cross-border corporate and wealth management services for Kuwaiti and regional clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/fabconnects
• YouTubeyoutube.com/channel/UCyXhrKqYwuvsvquPuqgSPrA
• Facebookfacebook.com/FAB
• LinkedInlinkedin.com/company/first-abu-dhabi-bank
• Instagraminstagram.com/fabconnects

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds11 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments47 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First Abu Dhabi Bank