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RAKBANK Amal Profile

RAKBANK Amal 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 RAKBANK Amal Customers' needs while maintaining the award winning customer service level that RAKBANK has always been known for.


All products and services of RAKBANK Amal are supported by an official Fatwa released by the Fatwa and Sharia Supervisory Board of RAKBANK Amal 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 RAKBANK Amal Product is available on the below links.


Amal Business Finance (Salam)

Amal Credit Card

Amal Titanium Business Credit Card

Amal Bank Accounts/Deposits (Corporate/SME) 

Amal Wakala Investment Deposit

Amal Bank Accounts/Deposits (Individuals) 

Amal Home Finance

Amal Auto Finance (Murabaha) 

Amal Personal Finance (Salam) 

Amal Salary Advance

Amal RAKvalue - Accounts

Amal RAKvalue - SME

Also, a consolidated Fatwa listing of all products is displayed at the RAKBANK Branches.