RAKislamic is the Islamic Banking window of RAKBANK. It has been officially launched to the public in January, 2013 aiming at serving those customers who seek Sharia compliant banking services and products.
A qualified and experienced team of Islamic Bankers have been hired to look after the RAKislamic Customers' needs while maintaining the award winning customer service level that RAKBANK has always been known for.
All products and services of RAKislamic are supported by an official Fatwa released by the Fatwa and Sharia Supervisory Board of RAKislamic after they have reviewed the product structure, documentation and operational procedures involved in the establishment of the Islamic banking Business and found them to be compliant with Sharia principles and practices.
The detailed Fatwa for each RAKislamic Product is available on the below links.
Also, a consolidated Fatwa listing of all products is displayed at the RAKBANK Branches.