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Frequently Asked Questions

Business Click and Collect

Click and Collect is a service that allows you to open your account online. With this feature you can now apply for a Sharia compliant business account & upload the required documents online in the comfort of your office. Within 48 hours of filling the online application you will be contacted by a RAKislamic representative who will assist you with the opening of your business account.

Hassle-free banking

You don’t have to wait in queues and fill out endless paperwork to open an account.

More convenience

 

Complete your application form at your convenience, over multiple sessions – your progress will be saved each time.

We will visit you

 

Enjoy complete convenience and save time when you open a business account with RAKBANK. Apply online and a RAKislamic representative will contact you within 48 hours to help you complete your account opening process.

Current Accounts & Business finance accounts are being offered to business customers with our Click & Collect service.

  • Fill the application form online, upload required documents & submit the application.
  • You will receive a confirmation e-mail upon submission.
  • Within 48 hours you will be contacted by a RAKislamic representative who will assist you with the opening of your business account.
  • Upon completion of the formalities, we will open your account and your Debit Card & cheque book (as applicable) will be sent to you by courier.
  • Passport & Visa copies of all individuals authorized to operate the account.
  • Trade License Certificate
  • Chamber of Commerce/Commercial Registration Certificate
  • Other documents related to the operations/formation of your company
  • Our RAKislamic representative will contact you with details of other documentation that would be required based on your company type.

The initial deposit to open a Current Account is AED 25,000/-

During the visit, the bank representative will authenticate the business related documents you had uploaded during the online application submission. The representative will also take your signatures on the printed version of the online application forms & other relevant Bank documents. Note that additional documents may be requested by the representative in order to complete the account opening formalities.

Kindly ensure that all signatories/owners & parties with operating powers are present at the appointment to sign the relevant documentation.

You may contact us on 04 -2130000 and we will assist you.

Yes. An e-mail with a link will be sent to you to complete the same at your convenience.

You are requested to check your junk mail. If e-mail is not found, request you to re-apply for the account online using Click and Collect.