Based on the Sharia concept of Qard Hassan, RAKislamic now offers you the Business Current Account that helps you manage all your day-to-day banking needs with ease, backed by RAKBANK’s award winning service. The benefits include:

• Accounts denominated in Dirham*, US Dollar, Pound Sterling or Euro
• Cheque book facility offered for AED Accounts
• Monthly current account statements detailing all transactions
• Business Online Banking platform which allows you to manage your account at the click of a mouse
• Phone Banking Services

You are required to maintain a minimum average monthly balance in your Current Account failing which a fee as detailed below is applicable.

*Only Dirham account can be opened through Click & Collect service

• Fill and submit the application form online & upload the documents.
• You will receive a confirmation e-mail.
• Once you receive the confirmation e-mail, our representative will get in touch within 48 hours to complete the account opening formalities.
• Your Debit Card & cheque book ( as applicable) will be sent to you by courier

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.