United Arab Emirates · Money service business
Alfuad Exchange
Legal name in the LEI recordالفؤاد للصرافة
Al Fuad Exchange is a sole establishment based in Deira, Dubai. The Central Bank of the UAE (CBUAE) licenses it as an exchange house, and its register lists the firm in the money transmitter and remittance class. According to its correspondent banking questionnaire, UAE national Ahmad Salman Hassan Al Sabri owns 100% of the firm. It offers retail currency exchange, international and domestic remittances, Wages Protection System (WPS) payroll with salary cards, and bill payments through branches across the UAE.
Licences and registrations
Held by الفؤاد للصرافة (LEI 25490029IZD59ASLZV41). 1 entry on 1 of the 22 tracked registers, retrieved 24 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| CBUAE Register of Licensed Financial Institutions - Exchange BusinessCentral Bank of the UAE (CBUAE)Linked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Exchange BusinessMoney Transmitter / RemittanceGLEIF legal name: الفؤاد للصرافة | 03.01.03.068.2001.02 | United Arab Emirates | Active | — | — |
|
Search the register ↗ |
The register name differs from the legal name in GLEIF. This can follow a rename. Treat the LEI match as indicative.
- Licences belong to the legal entity, not to a BIC.
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
- The register entries and their trading names were not matched against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- ALFXAEADXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under ALFXAEAD directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2008-09-06
- Last updated
- 2009-02-28
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Privately held
Firm type
Money remittance
- Ownership
- According to its Wolfsberg questionnaire (form version dated September 2022), Ahmad Salman Hassan Al Sabri, a UAE national, owns 100% of the firm as a sole establishment.
- Major shareholder
- Ahmad Salman Hassan Al Sabri 100%
- Head office
- Office No 701, Saif Al Otaibah Building, Al Rigga Street, Deira, Dubai, United Arab Emirates
- Company register
- Dubai trade licence 523577
- Incorporated
- 14 Jan 2001
Online
- Websites & references
- alfuadexchange.com ↗
- Official social accounts
- Facebook ↗ · Instagram ↗
Sources · 9 pages consulted
- alfuadexchange.com/
- alfuadexchange.com/about-us
- alfuadexchange.com/public/assets/download/WOLFSBERG.pdf
- alfuadexchange.com/public/documents/Al%20Fuad-Key%20Facts%20Statement%202025.pdf
- alfuadexchange.com/terms-and-conditions
- alfuadexchange.com/payroll-solution
- alfuadexchange.com/branches
- alfuadexchange.com/public/documents/country-wise-remittance-charges.pdf
- bilrs.com/al-fuad-exchange-partners-with-bilrs-to-revolutionize-cross-border-bill-payments-and-mobi
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The CBUAE licenses the firm to conduct exchange business, and its register lists the firm in the money transmitter and remittance class. The firm states that it is an authorised agent of the UAE Wages Protection System.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Central Bank of the UAE United Arab Emirates | Exchange Business – Money Transmitter / Remittance | 03.01.03.068.2001.02 | In its own name | Active | centralbank.ae ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Payment schemes and card networks
- Swift Direct alfuadexchange.com ↗
UAE Wages Protection System (WPS) Access not stated alfuadexchange.com ↗
Mastercard Access not stated alfuadexchange.com ↗
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
It sends remittances from the UAE by account credit or cash payout. Its published tariff covers Bangladesh, Egypt, Ghana, India, Indonesia, Jordan, Lebanon, Morocco, Nepal, Pakistan, the Philippines, Qatar, Tunisia, Yemen and domestic UAE transfers.
It serves customers in the UAE through a branch network in Dubai, Abu Dhabi, Al Ain, Sharjah, Ajman, Ras Al Khaimah and Fujairah.
- Sells to
- Consumers · Small businesses · Enterprises
- Serves customers in
- United Arab Emirates
Recent events
Researched 29 Sep 2026 · Sources
-
Other
BILRS announced a partnership with the firm to offer cross-border bill payments and mobile top-ups in its branches and app.
bilrs.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
Head-office record
- BIC
- ALFXAEADXXX
- How the BIC breaks down
- ALFXBank
- AECountry · United Arab Emirates
- ADLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 25490029IZD59ASLZV41
- LEI record
- View on GLEIF ↗
- Licence no. · CBUAE-EB
- 03.01.03.068.2001.02
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entry: Matched by Elucidate to GLEIF on name, country and address.
- Register-entry ID
- b54f8e609c7c
Profile
- Type
- Money service businessRemittance, currency exchange, cheque cashing and money orders. Usually registered with an anti-money-laundering supervisor rather than licensed prudentially. Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Register licences
- 1 entry on 1 register
- Activities
- Currency exchange
- Licensed in
- United Arab Emirates
- Country · region
- United Arab Emirates · Middle East & North Africa
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- SAIF ALOTIBA BLDG ALRIGGA ST. DUBAI UNITED ARAB EMIRATES
- Operational address
- SAIF ALOTIBA BLDG RIGAA RD DUBAI DUBAI UNITED ARAB EMIRATES
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>ALFXAEADXXX</BICFI>
<LEI>25490029IZD59ASLZV41</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>ALFXAEADXXX</BICFI>
<LEI>25490029IZD59ASLZV41</LEI>
<Nm>ALFUAD EXCHANGE</Nm>
<PstlAdr>
<TwnNm>DUBAI</TwnNm>
<Ctry>AE</Ctry>
<AdrLine>SAIF ALOTIBA BLDG ALRIGGA ST. DUBAI</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Claim this profile
Work at Alfuad Exchange?
Claim this page to have it marked as verified by the bank, and to send us corrections. We verify every claim before anything changes on the page.
- 01Submit Tell us who you are, using your work email.
- 02We verify We check the email domain and confirm your role with the bank. This usually takes up to five business days.
- 03Profile claimed The page is marked as claimed and verified. You can send us corrections at any time.
Claim received
Thank you. We will email your work address once the claim is verified. Until then, the page stays unclaimed.
The claim was not sent. Try again, or email contact@elucidate.co.
Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
Register entries are not screened against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- CBUAE Register of Licensed Financial Institutions - Exchange Business—Central Bank of the UAE (CBUAE) · register ↗ as at 24 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: alfuadexchange.com (official website) · original.
Assess the financial crime risk behind a BIC
A BIC identifies an institution; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
Book a demo