Central Bank establishes Emirates Interbank Offered Rate (EIBOR)
The Central Bank of the UAE has established EIBOR as the new interbank reference rate for UAE dirham transactions, replacing previous benchmarks. This affects all UAE banks, financial institutions, and borrowers whose loan agreements reference interbank rates. Institutions must review and update their systems, contracts, and rate-setting procedures to align with EIBOR by the effective date.
The analysis — automated & source-checked
- Applies to
- Financial services · UAE
- What to do
- Banks and financial institutions must update their rate-setting frameworks, loan documentation, and systems to reference EIBOR. Review all existing contracts with floating-rate provisions and prepare for transition to the new benchmark.
EIBOR serves as the official interbank offered rate for dirham-denominated transactions and will be used as the primary reference rate for pricing loans, deposits, and other financial instruments in the UAE banking system.
Source
“The Central Bank of the UAE has established EIBOR as the new interbank reference rate for UAE dirham transactions, replacing previous benchmarks. This affects all UAE banks, financial institutions, and borrowers whose loan agreements reference interbank rates.”
— Central Bank of UAE, 10 Jun 2026
Source: Central Bank of UAE — official 10 Jun 2026 Read the original ↗ More from Central Bank of UAE →
Quick answers
What do I need to do?
Banks and financial institutions must update their rate-setting frameworks, loan documentation, and systems to reference EIBOR. Review all existing contracts with floating-rate provisions and prepare for transition to the new benchmark.
Who issued this?
Central Bank of UAE (UAE).
When was it announced?
10 Jun 2026.
Where can I read the original?
Read the original at Central Bank of UAE: https://www.centralbank.ae/en/news-and-publications/news-and-insights/press-release/establishment-of-an-emirates-interbank-offered-rate-eibor/
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