What are IBAN and SWIFT and why do I need them?

Your IBAN and SWIFT help to process your international payments

Your IBAN and SWIFT help to process your international payments and make them faster and safer

What is IBAN?

IBAN (International Bank Account Number) is an international code that is used to identify overseas banks accounts. Your IBAN has 23 alphanumeric characters and will always start with a two-digit country code. It also contains the bank code and your Account Number. All UAE IBANs start with AE.

Example: AE12 3456 7890 1234 5678 900

IBAN is important for international banking because it quickly identifies the country and the exact bank account to which money is being transferred. It’s also a very effective way for banks to verify account details.

When quoting your IBAN, omit the spaces. They are only used to make the long number more readable.

Some countries like the USA and India don’t use IBANs, they use SWIFT Codes instead.

Where Can You Find Your IBAN?

You can find your IBAN on your account statement, or by logging in to your account through Emirates Islamic Online Banking, or the Mobile Banking App under the selected account details or simply generate your IBAN by clicking Click here

The Benefits of IBAN

With IBAN, your inward and outward money transfers are automatic, faster, error-free, and cheaper than they used to be.

All inward and outward money transfers in the UAE, as well as salary payments through the Wage Protection System (WPS) now require IBAN.

The key benefits:

  • Quicker and easier to receive payments from abroad
  • No extra charges
  • Make international payments smoothly


IBAN is used worldwide except for a few countries. Payments must have SWIFT Code and IBAN of the beneficiary when requested during the transfer. If this information is missing, it can result in charges and rejected payments.

When receiving money

You should share your IBAN and SWIFT with anyone making a payment to you either locally or from abroad.

When sending money

State the IBAN and SWIFT of the beneficiary when sending money either locally or abroad.

Using these codes ensures the money reaches the right account quickly, cost-effectively and without error.

No, the IBAN is simply an additional, international identifier for your account.

SWIFT Code identifies only the bank, IBAN, on the other hand, identifies the bank, as well as a specific account at the bank. SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a global network for processing payments between countries.

Emirates Islamic SWIFT Code is MEBLAEAD

Both IBAN and SWIFT play crucial roles in ensuring the international payment reaches the right bank account.

It’s merely a technicality. BIC (Bank Identifier Code) is the same as a SWIFT Code. The network is called SWIFT, and the codes are known as BIC.

If the IBAN is not mentioned, for both inward and outward payments, it’s very likely that the payment will be rejected or delayed. You could also incur additional processing charges.