All payments sent to United Arab Emirates (UAE) must include a relevant IBAN. This is a regulatory requirement and failure to comply risks your payment being delayed or rejected. Please check with your beneficiary for information on IBAN details.
NEW: The electronic funds transfer system provided by the Central Bank of UAE (UAEFTS) expedites payment and returns processing times for domestic electronic payments. As part of this service, the UAE Bank regulations state that the inclusion of a code referencing the purpose of payment to the beneficiary account is required for all UAE payments