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ProviderRAKBANK

RAKBANK Islamic Covered Card

Eligibility unknownShariah-compliantCredit Cards

Credit card with rewards, travel benefits and instalment plans.

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

Terms and conditions

Fees and rates
Annual feeAED 1,050.00
1 source
  • Provider feedSource: rakbank feed — Captured:
Monthly interest rate2.72% p.m.
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  • Provider feedSource: rakbank feed — Captured:
Foreign-currency markup2.99% flat
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  • Provider feedSource: rakbank feed — Captured:
Rewards and benefits
Cashback1.00% flat
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  • Provider feedSource: rakbank feed — Captured:
Airport lounge accessYes
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  • Provider feedSource: rakbank feed — Captured:
RewardsTravel insurance
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  • Provider feedSource: rakbank feed — Captured:
Shariah compliance
Shariah structureMurabaha
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  • Provider feedSource: rakbank feed — Captured:
Profit rate basisReducing balance
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  • Provider feedSource: rakbank feed — Captured:
Shariah board referenceRAKBANK-SSB-2026-014
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  • Provider feedSource: rakbank feed — Captured:
Eligibility
Minimum monthly incomeAED 5,000.00
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  • Provider feedSource: rakbank feed — Captured:
Minimum age23 years
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  • Provider feedSource: rakbank feed — Captured:
Maximum age at maturity60 years
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  • Provider feedSource: rakbank feed — Captured:
Residency eligibilityResidents and UAE nationals
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  • 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