Based on the Sharia concept of Qard Hassan, the Current Account that helps you manage all your day-to-day banking needs with ease, thanks to the award-winning service from RAKBANK.
Main Benefit: Multiple currency options available, Free online and phone banking services
Points to Consider: There is a minimum balance requirement
Minimum Balance Requirement: AED 3,000
Profit Rate: 0%
Dedicated Relationship Manager: No
Monthly Fees: AED 0 (Monthly fees of AED 25 apply if average account balance is less than AED 3,000)
Sharia Compliant: Yes
Salary Transfer Required: Not Compulsory
Currencies Account Available: AED USD GBP EUR
Other Features:
All info mentioned can change at any point in time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change.
In line with the UAE’s Value Added Tax (VAT) implementation from 1st January 2018, VAT at the rate of 5% will be levied on RAKBANK’s fees and charges specified herein, wherever applicable and as per UAE law.
Terms and conditions apply.