Business Current Account
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.
Currency | Minimum Average Monthly Balance | Fee |
---|---|---|
AED | 25,000 | 50 AED |
USD | 10,000 | 25 USD |
EUR | 10,000 | 25 EUR |
GBP | 10,000 | 25 GBP |
prev
next
Foreign Currency Services
Currency | % p.a. |
---|---|
JPY | -0.60 |
Euro | -1.00 |
CHF | -2.00 |
prev
next
Foreign currency services is accrued daily and applied monthly.
Note: Above rates effective 1st July, 2020.