Skip to content
Language
Appearance
Sign in

ProviderRAKBANK

RAKBANK Islamic Current Account

Eligibility unknownShariah-compliantAccounts

Everyday banking with local and international transfers, cards and digital access.

Last verified Nov 11, 2026, 3:02 PM1 source behind these figures

Terms and conditions

Fees and balances
Minimum balanceAED 25,000.00
1 source
  • Provider feedSource: rakbank feed — Captured:
Monthly feeAED 0.00
1 source
  • Provider feedSource: rakbank feed — Captured:
International transfer feeAED 26.25
1 source
  • Provider feedSource: rakbank feed — Captured:
Credit interest rate0.00% p.a. flat
1 source
  • Provider feedSource: rakbank feed — Captured:
Features
Digital onboardingNo
1 source
  • Provider feedSource: rakbank feed — Captured:
Shariah compliance
Shariah structureMudaraba
1 source
  • Provider feedSource: rakbank feed — Captured:
Profit rate basisReducing balance
1 source
  • Provider feedSource: rakbank feed — Captured:
Shariah board referenceRAKBANK-SSB-2026-031
1 source
  • Provider feedSource: rakbank feed — Captured:
Eligibility
Minimum monthly incomeAED 3,000.00
1 source
  • Provider feedSource: rakbank feed — Captured:
Minimum age21 years
1 source
  • Provider feedSource: rakbank feed — Captured:
Maximum age at maturity65 years
1 source
  • Provider feedSource: rakbank feed — Captured:
Residency eligibilityResidents
1 source
  • Provider feedSource: rakbank feed — Captured:
Eligible employer typesPrivate sector, Government, Self-employed
1 source
  • Provider feedSource: rakbank feed — Captured:
Minimum tenure—No evidence recorded
Maximum tenure—No evidence recorded