Progress through Islamic principles

We are pleased to present the Declared Profit Rates* for the Second Quarter ending 30th June 2022. RAKislamic is committed to transparency and growth, offering you Sharia-compliant solutions that combine prosperity with Islamic values. 

Explore the rates, understand our performance, and plan your financial journey with the assurance of solutions that are efficient and compliant.

Advantage Account

 

AED USD

Amount Slabs

Advantage Profit Rate

Amount Slabs

Advantage Profit Rate

50,000 - 99,000

0.10%

500,000 - 999,999

0.15%

100,000 - 249,999

0.15%

1 Mil and above

0.25%

250,000 - Above

0.35%

   

Business Finance Account / RAKStarter Account

AED USD

  Slabs

Profit Rates

  Slabs

  Profit Rates

1 Mil up to 4.99 Mil

0.10%

500,000 - 4.99 Mil

0.10%

5 Mil up to 14,999,999

0.15%

5 Mil to

9,999,999

0.15%

15 Mil and above

0.25% (average balance)

10 Mil and above

0.25% (average balance)



Savings Account

Currencies Profit Rate

AED

0.25%

USD

0.25%

GBP

0.25%

EUR*

-1.00%

CHF*

-2.00%

JPY*

-0.60%

*Accounts in EUR, CHF and JPY are based on Qard Hassan and not part of the Mudaraba foreign currency services and are accrued daily and applied monthly.

Jood Savings Account

Currencies Profit Rate
AED 0.25%

Call Investment Account

Currencies Profit Rate

AED

0.10%

USD

0.10%

GBP

nIL

JPY

-0.60%

EUR

-1.00%

CHF

-2.00%

*Accounts in EUR, CHF and JPY are based on Qard Hassan and not part of the Mudaraba foreign currency services and are accrued daily and applied monthly.

Term Investment Deposit Profit Rate AED

Islamic Amount Slabs 1 to 2 months 2 to 5  months 6 to 11 months 1 to 2 years

>25k - 99.99k

0.05%

0.10%

0.15%

0.20%

>100k - 499.99k

0.05%

0.10%

0.15%

0.30%

>500k - 999.99k

0.05%

0.10%

0.25%

0.40%

>1 Mil - 4.99 Mil

0.05%

0.12%

0.25%

0.50%

>5 Mil - 10 Mil

0.10%

0.20%

0.35%

0.60%

Term Investment Deposit Profit Rate USD

Islamic Amount Slabs 1 to 2 months 3 to 5 months 6 to 11 months 1 to 2 years

>25k - 99.9k

0.00%

0.00%

0.00%

0.00%

>100k - 500k

0.05%

0.10%

0.15%

0.20%

>500k - 1 Mil

0.05%

0.10%

0.15%

0.30%

>1 Mil - 2.72 Mil

0.10%

0.15%

0.20%

0.40%

Term Investment Deposit amounts less than AED 25k and USD 100K and slabs for tenor less than 1 month are non-participants in the Mudaraba Pool.

For Deposit amounts in excess of AED 10 Mio and for deposit tenors 2 years and 3 years, please visit any RAKBANK branch. Applicable for New and Existing Deposits placed with Auto Renewal Instruction.

 

Important: The above rates should not be taken as any prediction, projection or forecast as to the future or likely performance of the accounts.

 



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