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RAKislamic Current Account

Based on the Sharia concept of Qard Hassan, the Current Account that helps you manage all your day-to-day banking needs with ease, thanks to the award-winning service from RAKBANK.



With the Current Account, you can manage your payments with ease with a Cheque book (AED Accounts only). You can open your Current Account in multiple currencies namely AED, USD, GBP and EUR. You will also get Monthly Statements / E-Statements.


Easy to maintain minimum balance

The low minimum average balance makes opening and maintaining your Current Account easy and convenient.


Currency Minimum Average Monthly Balance Fee
AED 3,000 25 AED
USD 3,000* 25 AED
GBP 3,000* 25 AED
Euro & Others 3,000* 25 AED

*Amount is in AED.

Foreign Currency Services

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

Foreign currency services is accrued daily and applied monthly.
Note: Above rates effective 1st  July, 2020.


Currency Minimum Average Monthly Balance Fee
AED 20,000 100 AED
USD 10,000 25 USD
EUR 10,000 25 EUR
GBP 10,000 25 GBP

Our free online, SMS, phone and mobile banking services give you simple and secure banking on the go:

  • Click and Easy banking with Online Banking (register now at www.rakbank.ae)
  • RAKdirect Number 600 54 0044
  • SMS alerts through your mobile phone
  • Mobile banking

In line with the UAE’s Value Added Tax (VAT) implementation from 1st January 2018, VAT at the rate of 5% will be levied on RAKBANK’s fees and charges specified herein, wherever applicable and as per UAE law.

*Note: Verification Image text is case sensitive

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