Union of Arab Banks (UAB)

The Union of Arab Banks (UAB) is a non-profit, Arab-Pan organization, Established on March 13, 1973, the Union of Arab Banks (UAB) was created in accordance with its first General Assembly meeting held in Beirut, Lebanon, under the umbrella of the Arab Administrative Development Organization (AADO). Conclusively, this effort was from the desire to establish an Arab Federation that works within the framework of the unions emanating from the League of Arab States.

The UAB is a financially, administratively, and organizationally autonomous entity and serves as a comprehensive organization representing the Arab banking and financial community. giving key support to Arab Banks, financial institutions, economic organizations, and banking institutions with mutual support and connections to the Arab world.

Member of ECOSOC United Nations – New York

Accredited at the United Nations Office at Geneva (UNOG).

Supporting Member of United Nations Environmental Program-Finance initiatives (UNEP-FI) – Geneva

Objectives

• Justly defend the interests of its member institutions towards third parties.
• Orchestrate the coordination and harmonization of legislation and regulations related to Arab banking and financial sectors, ensuring their growth, prosperity, and staff development.
• Provide professional development and training opportunities to financial and banking institution staff and member organizations.
• Support efforts to establish Arab common market and Arab economic integration.
• Enhance trade relations and investments among Arab nations, providing guidance and advice to banks and presenting and promoting trade and investment opportunities.
• Human Resource Management and development training to create effective, efficient, and highly qualified personnel within banking and financial sector.
• Provide trainings to engage support and administrative staff within banking and financial sector to enhance and further develop specialized skills and create culture of administrative proficiency.
• Create, prepare, and authenticate research studies on common development and investment opportunities among Arab nations, facilitating their financing through UAB member institutions.
• Provide arbitration, conciliation, and guidance services through UAB’s Center for Arbitration and Conciliation.
• Develop and implement a culture of Social Responsibility among UAB membership institutions and staff.
• Provide availability to Arab financial and banking laws, rules, policies and regulations within the Arab banking sector.
• Development of the “Arabization,” harmonization, and standardization of foreign financial and banking terminology and models to provide clarity, knowledge, and consideration within the region.
• Serve as a vital conduit between international agencies and organizations and the Middle East and North Africa (MENA) region to aide in the process of drafting, developing, and enhancing banking and financial laws, legislation, policies, regulations, and systems throughout local, regional, and international arenas.
• Raise awareness and increase knowledge throughout banking and financial sector to promote the  growth and expansion of banking business and Islamic banking services.