Is FAB the largest bank in the UAE?

Yes. First Abu Dhabi Bank is the UAE's largest bank by assets. Many large SMBs, mid-market businesses, and family offices hold their primary operating accounts with FAB, making the Open Banking integration especially valuable for treasury workflows.

Does FAB support multi-currency in Open Banking?

Yes. AED, USD, EUR, GBP, and SAR FAB accounts all sync into HIBR ERP. Each currency books to its own GL with daily FAB indicative rates streamed in for FX revaluation.

FAB Open Banking — HIBR ERP UAE Integration

Q: Is the FAB connection regulated?

Yes. The connection runs under the UAE Central Bank's Open Finance Regulation issued in 2024, which sits under the wider framework of Federal Decree-Law 14/2018 on payment systems. HIBR ERP is registered as a certified Third Party Provider.

First Abu Dhabi Bank (FAB) is the UAE's largest bank by assets and a primary banking partner for many of the UAE's mid-market businesses, family offices, and government-adjacent SMBs. FAB's certified Open Banking programme launched under the UAE Central Bank's Open Finance Regulation issued in 2024, which sits under the wider framework of Federal Decree-Law 14/2018 on payment systems and electronic payment services. For HIBR ERP customers banking with FAB, the integration unlocks live AED, USD, EUR, GBP, and SAR balance sync, posted and pending transactions, supplier payouts, and consented payment initiation — all without uploading a CSV, sharing a credential, or waiting on a manual bank-statement extract. HIBR ERP is registered as an accredited Third Party Provider and the FAB connection runs on OAuth 2.0 with bank-side consent for every data scope.

What this integration does

Multi-currency live sync. AED, USD, EUR, GBP, SAR FAB accounts stream into HIBR with sub-minute refresh. Each currency books to its own GL; FAB's daily indicative rates feed FX revaluation at period close.
Posted plus pending transactions. HIBR distinguishes pending from posted so a card pre-auth doesn't double-book against the receivable.
Supplier payout batches. Build a payout batch from unpaid bills in HIBR; push to FAB via the payment-initiation endpoint; authoriser approves on the FAB mobile or business portal; HIBR reconciles each leg back to the originating bill on settlement.
FX-spot booking. FAB's treasury FX rates can be pulled per execution for accurate conversion booking on cross-currency invoices — useful for mid-market businesses with material non-AED revenue.
Standing instructions visibility. Recurring outflows configured in FAB online (rents, loan instalments) appear in HIBR as scheduled transactions pre-mapped to expense GLs.
FTA-ready audit archive. Monthly statement PDFs auto-archive alongside the reconciled period, satisfying the bank-evidence requirement under Federal Decree-Law 28/2022 on tax procedures.

Setup in 12 minutes

HIBR ERP → Settings → Banks → Add bank → First Abu Dhabi Bank. Choose the entities and accounts to connect.
Authenticate on the FAB app or business portal. Biometric or hardware-token approval depending on your FAB security profile. Consent is valid up to 12 months.
Initial 90-day sync. HIBR pulls history and reconciles against existing entries.
Validate payout mandate. If you intend to push payment batches, FAB verifies the service is enabled on your business banking package.
Test 1 payout (optional but recommended). Proves the consent and approval flow end-to-end without exposing real cash flow.

Use cases

Abu Dhabi mid-market trading house with USD vendors in Asia. Maintains AED + USD + EUR FAB accounts. Imports raw materials in USD, sells locally in AED. HIBR books each FX conversion at FAB's executed treasury rate (not an indicative rate), producing a clean realised-FX P&L line that auditors can tie to FAB confirmations.

Dubai-based holding banking with FAB for tier-1 client confidence. Pays 30 monthly suppliers, runs payroll for 60 employees. HIBR builds payroll SIF and supplier batches; the CFO authorises both on the FAB business portal; consolidated cash position rolls up across three subsidiary accounts daily.

RAK-based contracting firm bidding for government work. Government tenders often require FAB as the primary banker for project payment guarantees. HIBR's FAB integration ensures contract receipts auto-reconcile against milestone-billing on the FAB-routed payments, with retention amounts tracked separately.

Pricing. The FAB Open Banking integration is available on HIBR ERP Pro (499/mo) and Enterprise. Lite supports read-only CSV import. FAB does not charge TPPs for API access; you pay only your standard FAB banking fees plus any per-transaction local-transfer or WPS fees per your package.

Frequently asked questions

Does FAB support WPS payroll submission via Open Banking?

Yes. WPS SIF files generated in HIBR push to FAB's payroll endpoint and approve in the FAB authoriser flow. HIBR validates the MOHRE-required SIF format before submission to avoid rejection at the bank side.

Can I connect both FAB and a digital bank like WIO or NEO Biz?

Yes. Many HIBR ERP customers split banking — FAB for primary AED operations and treasury, WIO or NEO Biz for free-zone subsidiaries or USD trading. HIBR consolidates the group cash view daily. See WIO Bank and Mashreq NEO Biz.

What about FAB Islamic accounts?

FAB Islamic operating accounts sync identically — the Open Banking endpoints are the same; the underlying contracts (Mudarabah/Wakalah) are reflected in the transaction descriptors and HIBR carries them through to the ledger.

Connect FAB to HIBR ERP

UAE's largest bank, live ledger sync, multi-currency, treasury workflows. Beta launches October 2026.

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