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RAKislamic now offers you the  RAKstarter - new zero balance account for all the budding entrepreneurs and startups. Now you can maximize your efficiency and the usage of cash to make banking stress-free and more efficient.

Earn profit and save:
RAKstarter Account is based on the Islamic principle of ‘Mudaraba’ which means you can earn profit on your savings. The profit is declared and credited to your account on a quarterly basis.

The account features are as below:

  • RAKstarter Account is available in AED, US Dollars, Euro and Pound Sterling (GBP) currencies
  • No ledger/ fall back fee
  • Access to our array of business financing products
  • Unlimited Cheque book facility
  • Attractive Foreign Exchange and Trade Finance rates
  • Dedicated Relationship Manager
  • 24 hour Phone Banking Services

RAKstarter gets a makeover with additional benefits. Now enjoy free Banking benefits, Business Insurance, Cloud accounting package with connected banking experience. All of this is bundled along with your RAKstarter account starting from just AED 49/month. You can also avail our first ever full feature low cost Mobile POS machine at preferential pricing. Click here for more details.


Currency % p.a.
JPY -0.60
Euro -1.00
CHF -2.00

Accounts in these currencies are based on Qard Hassan and not part of Mudaraba.
Foreign currency services is accrued daily and applied monthly.
Note: Above rates effective 1st  July, 2020.

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