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RAKBANK partnered with TiE Dubai  with an opportunity to connect with the youth and foster a culture of entrepreneurship and start-ups across the country.

The TiE Dubai chapter was established in 2003 to promote the spirit of entrepreneurship in the Middle East region. TiE Dubai through its diverse charter members provides assistance and guidance to a community of more than 3,000 budding entrepreneurs through events and programs that span across Networking, Mentoring and Education
University Students with business ideas can apply to compete regionally and winner  gets to fly to Silicon Valley to meet with potential investors.

Deadline date for business idea application is on the 13th of February 2022.

RAKBANK signed a Memorandum of Understanding (MoU) to form a Strategic Alliance with Jebel Ali Free Zone (Jafza), the leading trade and logistics hub of the UAE. This partnership aligns with both the organizations’ strategy of supporting SMEs and further developing a sustainable economy. Jafza is the largest free zone in the region for trade and logistics and home to a dynamic base of entrepreneurs and large corporates which benefit from Jebel Ali’s unrivalled logistics infrastructure and services. The cooperation with RAKBANK and Jafza further enhances Jafza’s integrated ecosystem for companies to establish and grow their activities with all the support required delivered directly to them through the digital channels. SMEs in Jafza will also benefit from RAKBANK’s deep understanding of SME requirements and sophisticated data analytics to support SME’s banking needs.

RAKBANK entered into a strategic partnership with Scality, a wholly owned subsidiary of Dubai Airport Free Zone. Through this partnership, Scality clients can access the Bank’s Business Banking solutions, from account opening to further financing needs, which aim to support their business development

Scality is a flexible and innovative business setup solution in the UAE. Via a simple monthly subscription per employee, entrepreneurs can set up their business and gain access to a network of reliable partners, enabling business growth. Scality is set to attract local, regional and global tech startups and enable them to establish and grow their businesses in the region.

Find out more about what Scality can offer you.

Dubai SME and RAKBANK have collaborated jointly to support access to credit for Emirati- owned small and medium –sized enterprises operating in the Emirates of Dubai and intend to work together towards the common goal of supporting access to finance for SME in Dubai.

To enhance and promote entrepreneurship and investment initiatives of UAE nationals, diversifying and developing the local and national economic, Dubai SME introduced The Mohamed Bin Rashid Fund (MBRF) also referred as The Dubai SME Fund.

The Dubai SME Fund 

  • Encourages UAE national youth to enter into the business sector and to establish and own small and medium sized enterprises that will create employment opportunities.
  • Provides financial support to existing small and medium sized enterprise of UAE nationals.
  • Provides technical expertise in various fields to support small and medium sized enterprise of UAE national 

For more information or enquiry please write to us at SMEsouk@rakbank.ae

RAKBANK and Hello Business Hub by Etisalat have unveiled a new partnership and launched a series of special offers to support Small and Medium Businesses (SMBs) in the UAE.

  • RAKBANK is Hello Business Hub’s exclusive banking partner and provides business banking solutions with preferential terms to SMBs & start-ups.**
  • Hello Business Hub by Etisalat is a one-stop-shop for new businesses and offers access to essential services such as: Business Registration, Insurance, VAT, Real Estate Services, Office Equipment & Furniture, UAE Immigration, Special Corporate Discounts, Digital Marketing Solutions and Etisalat’s latest Telecom products.
  • RAKBANK Business Elite Account customers can now enjoy a special mobile package offer from Etisalat! Simply visit Hello Business Hub and use your Business Elite Debit card to access the offer.*
  • RAKBANK customers can now access exclusive offers (see below) from Etisalat. Get a new website from AED 160 p/m, CCTV from AED 99 p/m, 20% off Business Mobile Postpaid plans and more!

*Please visit Hello Business Hub in Level 2, One JLT Building, Jumierah Lake Towers, Dubai, UAE.
**Conditions apply
Click here for the location

For more information or enquiry  please write to us at SMEsouk@rakbank.ae

Exclusive Deals only for RAKBANK Business Banking Customers

Team Productivity Offer
Microsoft 365! from AED 19 pm plus FREE Lifetime Support!

Supercharge your business with Microsoft 365 and start using the best-in-class Office apps. Get FREE end-to-end lifetime support! Discover powerful cloud services, device management and advanced security. With Microsoft 365 you can work anywhere, anytime, on any device.

View Offer

Website Offer
Create a Professional New Website From Just AED 160 p/m!

Take your business to the next level with a fully managed and customized eCommerce website! Our experts take care of the technical aspects, saving you time and effort so you can focus on your business needs.

View Offer

CCTV Security Cameras Offer
Secure Your Business with CCTV From Just AED 99 p/m plus 1 Month FREE!

Explore our CCTV options and keep your business safe with Etisalat’s intelligent security system! Buy now and get one month FREE rental exclusive for RAK Bank Customers!

View Offer

Mobile Plan Offer
Business Mobile Postpaid Plans from AED 80 pm!

RAKBANK business customers can now enjoy special 20% discount off all our Business Mobile postpaid Plans. Join the world’s fastest network!

View Offer

*Conditions apply 

RAKEZ is a powerhouse business and industrial hub strategically located in the heart of Ras Al Khaimah, United Arab Emirates, which offers wide-ranging customisable solutions to investors from all over the globe. Presently, RAKEZ houses over 14,900 free zone and non-free zone companies from more than 100 countries covering over 50 industries, making it one of the largest economic zones in the region.

The authority is a customer-focused entity offering cost-effective and efficient services. With its simplified business set-up processes, fast-track visa and licence issuance, and first-class services in one-stop shops, clients are ensured to experience complete ease of doing business with assistance every step of the way.

RAKEZ and RAKBANK have been working together since 2017 to support the growth of SMEs and industrial companies operating within the thriving business environment of the economic zone. RAKBANK offers RAKEZ clients easy access to a wide range of banking services at preferential terms.

In 2019, RAKEZ and RAKBANK have levelled up their collaboration by giving businesswomen in the economic zone an option for zero balance account as well as special pricing on Digital Banking services and the option to open an account in different currencies.

  • Up to 25% off on startup set-up packages and renewals guaranteed for life
  • Serviced Offices in a collaborative environment at cost-effective rates
  • Customisable warehouses and land for development for industrial companies
  • Instalment plans and 0% interest on RAKBANK Credit Cards

Kindly click here to register for the special promotion.

For more information or enquiry, please write to us at SMEsouk@rakbank.ae

Saud Bin Saqr Establishment for Youth Enterprises Development also referred as RAK SME and RAKBANK jointly collaborated with an objective to assist the members of RAKSME in availing loans and credit facilities from RAKBANK.

RAK SME an initiative by RAK Chamber, and started its work in mid-2008, playing the role of an incubator by SMEs established by nationals in the emirate of Ras Al Khaimah, as well as motivating and supporting youth in entrepreneurship. The Establishment’s projects and tasks are supervised by a supreme committee consisting of economists, heads of development and economic sectors, members of the Board of Directors at RAK Chamber of Commerce and Industry, officials of the Department of Economic Development.

For more information or enquiry  please write to us at SMEsouk@rakbank.ae

Emirates Development Bank (EDB) and RAKBANK have jointly  collaborated  to support the innovations in the UAE under Mohamed Bin Rashid Innovation Fund ( MBRIF) ,where EDB acts as the Guarantor for the Innovation Fund and RAKBANK as the Lender

The Mohammed bin Rashid Innovation Fund (MBRIF) is a federally sponsored initiative conceived and sponsored by the Ministry of Finance and operated by Emirates Development Bank to support local innovators in accessing affordable finance through the provision of a government-backed guarantee. The Fund of AED 2 billion was announced by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, during the country’s first-ever Innovation week. MBRIF will act on behalf of the UAE government to provide a guarantee as security to a financier, as an incentive to encourage the issuance of a loan and to reduce collateral required from the applicant.”

For more information or enquiry. please write to us at SMEsouk@rakbank.ae

RAKBANK signed (MoU) to form a Strategic Alliance with one of the leading investment destinations in the country, Ajman Free Zone. The signed MoU is in line with both the organization’s strategy of supporting SMEs and further developing a sustainable economy

As part of the deal, RAKBANK will offer SMEs and larger businesses that are based in the Ajman Free Zone easy and direct access to account opening services, loans, credit facilities, and other banking solutions.


Etihad Credit Insurance (ECI) and RAKBANK signed a MOU recently to assist RAKBANK’s customers in providing Export Insurance Services. ECI is the UAE’s Federal credit insurance company, offering innovative solutions to help UAE exporter and investors expand their business regionally and internationally.
Under the agreement signed by ECI & RAKBANK, UAE-based businesses will gain access to a portfolio of financial services and solutions such as:

  • Trade Credit Insurance (Conventional & Murabaha) including below but not limited to:

    Export Credit Insurance
    Short/Medium/ Long-Medium Term Credit Risk
    Single Buyer Risk
    Supply Risk
  • Export Financing
  • Project Financing
  • Factoring
  • SME Financing

For more information or enquiry, please write to us at SMEsouk@rakbank.ae


RAKBANK entered into strategic alliance with  CRIF Gulf DWC LLC (Dun & Bradstreet), a leader in  business information services, risk and compliance solutions provider for SME customers.

With this alliance, RAKBANK Business banking customers can avail CRIF Gulf (Dun & Bradstreet) Risk and Compliance Solutions at preferential rates. The services offered are as below.

  • D&B D-U-N-S® Number: The D-U-N-S® Number is a unique nine-digit identifier for businesses, used as the starting point for any company's Live Business Identity. D U N S Numbers are often referenced by lenders and potential business partners to help predict the reliability and/or financial stability of the company in question.
  • D&B Business Rating Report (BRR): Also known as Self Evaluation Reports (SER), CRIF D&B’s Business Rating Reports are proprietary suite of reports that help position business and act as a catalyst in generating interest among existing and potential business partners.
  • Business Information Report (BIR): The Business Information Report provides an overall profile of a company, including financial information, payment history, trends, history of business, ownership details, operational data, and details on related firms and special events. It is most trusted report used worldwide by companies for business credit decisions on both new and existing credit relationships.
  • Techno-Economic Viability (TEV) Report or Feasibility Studies: Whether the decision is to expand to new markets or segments, to start a new venture or to initiate a new product line the best approach to assess & arrive at the best decision is via feasibility studies. CRIF D&B enjoys a substantial business database rich with information that allows for robust market investigation.
  • Business Valuation Report: Buying a business, selling a business or leveraging a business’s value to raise funds can be quite complex and there will always be situations where one party to a business transaction will have more knowledge about the transaction than the counter-party. At CRIF D&B we understand these kind challenges faced and strive to put everyone on equal footing in order for more informed decision making.
  • Compliance for Small Business: Complying with state, federal, and international regulations can put an incredible amount of pressure on small businesses and these responsibilities often fall on business owners or top managers. CRIF D&B offers a complete anti-corruption solution that lets you track, audit, store and expedite decisions on customer, partner and supplier relationships.

To know more about the offerings by CRIF Gulf (Dun & Bradstreet), please write to us with your company details to SMEsouk@rakbank.ae with a CC to your relationship manager at RAKBANK.


RAKBANK in its endeavor to expand its service offering has now partnered with City Properties Real Estate (CPRE), one of UAE's leading leasing and property management service providers for residential, commercial, and industrial real estate.     

RAKBANK’s Business Banking real estate customers can now avail specialized services at preferential terms on property management fees, legal services, online monitoring, and utilities payment modules through City Properties 

Since 2003, City Properties Real Estate has been a key influencer on the Emirati real estate market, delivering clients to safety during tough market conditions through its rich knowledge of real estate management and property evaluation all over the GCC and several parts of the world. City Properties is mostly distinguished by its evolutionary approach that incorporates IT solutions and the artificial intelligence to create pioneering websites and applications that enable our partners of owners, tenants and investors to keep a better track of properties.

To know more about the offerings by City Properties Real Estate, please write to us with your company details to SMEsouk@rakbank.ae with a CC to your relationship manager at RAKBANK.


RAKBANK in its endeavor to expand its services offering has now partnered with MI CAPITAL, a leading Corporate Finance and Business Advisory firm in the region, to offer Business Banking customers tailored VAT and accounting services on preferential terms.
MI CAPITAL Group offers SME clients a broad range of advisory services including Corporate Finance, Value Added Tax (VAT) Advisory Services, Accounting Services, Transaction Support Services, Debt Advisory, M&A and Private Equity Advisory Services.

For Existing Business Banking customers who are interested in MI capital  VAT and accounting services should email their company details to SMEsouk@rakbank.ae with a CC to your relationship manager at RAKBANK.

EO U.A.E and RAKBANK has entered into Strategic alliance to support the  leading entrepreneurs in the U.A.E as an  exclusive banking partner  for EO U.A.E 

The Entrepreneurs' Organization (EO) - for entrepreneurs only - is a dynamic, global network of more than 12,000 business owners in 53 countries. Founded in 1987 by a group of young entrepreneurs, EO is the catalyst that enables entrepreneurs to learn and grow from each other, leading to greater business success and an enriched personal life. 

Value Proposition 
EO is the catalyst that enables entrepreneurs to learn from each other, leading to greater business success and an enriched personal life. The EO brand is built around the members. It is from this self-identification that the brand’s core values were determined— Boldly Go, Thirst for Learning, Make a Mark, Trust and Respect, and Cool.

For existing RAKBANK Business Banking customers who wish to join EO, please email us details of your company SMEsouk@rakbank.ae with a CC to your Relationship Manager 

Invoice Bazaar and RAKBANK have entered into a  strategic partnership which allows RAKBANK to participate as a ‘Receivable Purchaser’ on Supply Chain Finance transactions originated by Invoice Bazaar on its platform. 

Invoice Bazaar a FinTech Supply Chain Finance platform connects large buyers with SME suppliers that enables SME suppliers to avail early payment on their receivables. Supply Chain Finance is a win-win concept that helps SME suppliers get paid early on their receivables from RAKBANK. Invoice Bazaar is an easy to use portal and save SME suppliers of the complicated process of complex documents having to be submitted .

Most large global corporations have implemented Supply Chain Finance programs and other corporates are slowly learning the benefits of implementing a program. RAKBANK is the first bank in the Middle East to have partnered with a Fintech Platform for enhancing the bank’s offering to the SME clientele.


The above links will direct you to a non-RAKBANK website. RAKBANK does not control or monitor such websites and bears no responsibility or liability for any consequences arising from your use or access of such third party websites.
The above mentioned partners shall be solely responsible for the products and services provided by them and RAKBANK does not accept or assume any responsibility or liability towards the products and services offered by the partners. RAKBANK does not provide any financial, accounting, tax, regulatory or legal advice and nothing contained herein should be interpreted as a recommendation to buy any products or services. You are advised to exercise appropriate due diligence before signing up for any such products and services.
By proceeding to go to their websites and leaving the RAKBANK website, you confirm that you have read and acknowledged the above, and will be transferred to the partner's website outside RAKBANK’s domain. Any information you share in the following screens will be on the partner's website and RAKBANK hereby disclaims any liability for the use of the partner's website and its contents.