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Banks in UAE
A bank is a financial entity providing a safe place for the deposit of cash, gold and other valuables. The banks indulge in the safe deposit of money of the individuals or the company and lend it out at a definite profit rate as a loan. The bank acts as a midway between the saver and the fund user. The classification of banks in the UAE is commercial banks, investment banks and Islamic banks regulated by the central bank of the UAE.