Index Exchange (formerly Habib Exchange)
Info CheckedCurrency Exchange & Money Transfer
Al Satwa, Dubai
About
Index Exchange, formerly known as Habib Exchange, is a CBUAE-licensed money exchange and remittance company with a long history in the UAE market. The company rebranded from Habib Exchange to Index Exchange while maintaining the same commitment to competitive rates and reliable transfer services. Located in Al Satwa, Index Exchange serves one of Dubai's most cosmopolitan neighbourhoods with a wide range of currency and remittance solutions.
Key Services
Index Exchange provides foreign currency exchange, international money transfers to over 100 countries, demand drafts, and utility bill payments. The company has particularly strong corridors for transfers to Pakistan, India, Bangladesh, and the Philippines, reflecting the demographics of the Al Satwa area. Their services include bank credits, cash pickups, and home delivery options in select destination countries. For property investors, Index Exchange can handle currency conversions needed for real estate transactions with same-day processing available for urgent transfers.
Why Choose Index Exchange
Index Exchange's Al Satwa location serves a vibrant, diverse community and the company has deep roots in the area's commercial ecosystem. Their rates for Pakistan Rupee and Indian Rupee transfers are consistently competitive, and their experienced team understands the specific needs of expatriate customers. The transition from Habib Exchange to Index Exchange brought modernised systems and improved digital capabilities while preserving the personal service approach that loyal customers valued.
Services Offered
Key services Index Exchange (formerly Habib Exchange) provides for currency exchange & money transfer clients in Dubai:
Why Choose Index Exchange (formerly Habib Exchange)
- Established in 1976 as Habib Exchange, with over 45 years of service in the UAE.
- Rebranded to Index Exchange in 2014 following acquisition by Al Hail Holding and Global Development Group (GDG).
- Network of 22 branches across the UAE.
- Licensed and regulated by the Central Bank of the UAE (CBUAE).
- Connected to 900+ agents and banking partners worldwide for global payouts.
- WPS-compliant payroll and corporate payment solutions for businesses.
How Index Exchange (formerly Habib Exchange) Works
-
1
Visit a branch
Go to one of the 22 Index Exchange branches across the UAE to start a remittance or currency exchange.
-
2
Provide details and verify ID
Submit the beneficiary or transaction details and complete identity verification as required under UAE regulations.
-
3
Confirm rate and pay
Review the applicable exchange rate and any fees, then fund the transaction.
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4
Receive confirmation
Get a receipt and reference number; the funds are routed through the relevant transfer network.
Business Profile
Hours and pricing may change — confirm directly with the business before engaging.
Licenses & Certifications
Licenses and certifications are subject to renewal. Verify current status with the issuing authority before engagement.
Frequently Asked Questions
Is Index Exchange the same as Habib Exchange?
Yes. Index Exchange was established in 1976 as Habib Exchange Company LLC. It was acquired by Al Hail Holding and Global Development Group (GDG) and rebranded as Index Exchange in 2014.
Is Index Exchange regulated in the UAE?
Yes. Index Exchange L.L.C. is licensed and regulated by the Central Bank of the UAE (CBUAE).
Can I transfer money from abroad to buy property in Dubai through Index Exchange?
Index Exchange handles remittances and foreign exchange. For large property-purchase transfers into a developer or escrow account, contact a branch to confirm the required documentation and process.
When was Index Exchange founded?
The company was founded in 1976 as Habib Exchange, making it one of the early licensed exchange businesses in the UAE.
How many branches does Index Exchange have?
Index Exchange operates a network of 22 branches across the UAE.
What services does Index Exchange offer businesses?
Beyond remittance and currency exchange, it offers InPay / WPS-compliant salary payments, corporate payroll solutions, bill payments and cash collection services.
Which money transfer networks does Index Exchange use?
It offers instant transfer products through partners such as MoneyGram, RIA Money Transfer and Ezremit, alongside 900+ agents and banking partners worldwide.
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