NBQ (The National Bank of Umm Al Qaiwain psc) was established in 1982 by the Ruler of Umm Al Qaiwain, the late H.H.Sheikh Rashid Bin Ahmed Al Moalla. The Bank's trade name was changed from The National Bank of Umm Al Qaiwain psc to NBQ in 2005 and the Bank re-launched itself with the new corporate identity. The local government of Umm Al Qaiwain is the largest shareholder and promoter of the Bank.

NBQ is continuously strengthening its operations and upgrading its technology to provide customers the latest banking technologies and services through all its delivery channels. In 2010 NBQ initiated an end to end project to revamp its entire IT Data Center and DR site.

Over the last 30 years, the Bank’s commitment towards the Nation and its people has been appreciated and the Bank has won several awards for its Emiratization efforts and Corporate Social Responsibility.