Progress through Islamic principles

We are pleased to present the Declared Profit Rates* for the first quarter ending 30 September 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 ethical, compliant solutions.

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%

1M and above

0.25%

250,000 - Above

0.35%

   

Business Finance Account / RAKstarter Account

AED   USD  

  Slabs

Profit Rates

  Slabs

  Profit Rates

1M up to 4.99M

0.10%

500,000 - 4.99M

0.10%

5M up to 14.99M

0.15%

5M to 9.99M

0.15%

15M and above

0.25% (average balance)

10M and above

0.25% (average balance)



Savings Account

Currencies Profit Rate

AED

0.25%

USD

0.25%

GBP

0.25%

EUR*

Nil

CHF*

Nil

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 Account

Currencies Profit Rate

AED

0.10%

USD

0.10%

GBP

nIL

JPY*

-0.60%

EUR*

Nil

CHF*

Nil

*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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