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Just transfer your salary to RAKislamic Account and get more from your salary Account

At RAKislamic, we believe that employees like you deserve the very best banking benefits. That’s why we created RAKempower Payroll solutions. It provides you with a range of advantages designed to make all your banking easier, faster and more rewarding, while saving you money.
 
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 RAKempower Payroll solutions, you can enjoy all this and more:

  • Current account with no minimum balance requirement
  • 1 free cheque book every month
  • Free unlimited RAKBANK ATM withdrawals
  • Free* unlimited domestic remittances through Digital Banking
  • Up to 4 Free** international remittances through Digital Banking. RAKMoneyTransfer is excluded
  • Up to 4 free Non-RAKBANK ATM withdrawals as per below segments*

 

RAKislamic Select Normal Accounts
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Above benefits will only be for RAKislamic charges. Corresponding bank charges will still be applicable for all remittances performed by the customers with the RAKempower benefit.
  • Free for life Credit Card under a Sharia compliant structure
  • Quick approvals on Home finance.
  • Hassle free buyout from other banks 
  • Send money instantly at competitive rates and lower charges through RAKMoneyTransfer  
  • Competitive FX rates across currencies through RAKMoneyTransfer
  • Unit Linked savings and Takaful plan

RAKselect Banking for Executive and Senior Management 

For more information about all the banking benefits we can offer your employees contact [email protected] or SMS payroll to 7011

  • *Waiver of charges applies to RAKislamic charges only
  • **Waiver of charges applies to RAKislamic SWIFT charges only
  • All the above listed benefits will be subject to regular salary credits

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.

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  • RAKdirect Number 600 54 4049
  • Phone Banking 042130000