Last Updated on 23 May 2023

Credit Bureau Consent, Welcome Offer & General Terms & Conditions

I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

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RAKBANK Amal Jood Savings Account

RAKBANK Bank

WarningMessage This product is invalid by the Bank

Amal Jood Savings Account

Min Balance to Maintain

AED 3K

Monthly Fee

AED 0

Annual Fee

AED 0

Relationship Manager

No

No

RAKBANK
min balance

AED 3K

Min Balance to Maintain

monthly fee

AED 0

Monthly Fee

annual fee

AED 0

Annual Fee

relationship manager

No

Relationship Manager

No

Currency Account

Features

  • This is an Islamic account by nature.
  • There is no monthly fees on this account.
  • This account can only be opened in AED
  • You require a minimum balance of AED 3000 to open this account.
  • The profit rates for this account, will be credited quarterly based on the profit rate prevailing in that particular quarter.

Main Benefits

  • This account is based on the principles of mudaraba.
  • Get a free debit card, along with your account.
  • Free online SMS banking along with phone and mobile banking.
  • Avail free EDM Cash and cheque deposits.
  • Avail online banking and e statements of your account, with Jood savings account.
  • Free RAKDIRECT and mobile banking facilities.

Frequently Asked Questions

⭐ What is a Jood Savings Account?

A. The Jood Savings Account is a profit bearing savings account that is managed under the Islamic principle of “Mudaraba”.

⭐ Is Jood Savings Account Sharia compliant?

A. Yes, Jood Savings Account is a Sharia Compliant Savings account.

⭐ Do we get any Debit card on opening Jood Savings Account?

A. Yes. You receive a free debit card with this account.

⭐ Who can open a Jood Savings account?

A. UAE resident & non-resident individuals can open a Jood Savings account.

⭐ Can a company open this account?

A. No. A company can not open this Account.

⭐ In which Jood Savings Account is available to open?

A. Jood Savings Account is available in AED currency.

⭐ When do we get statements from the Jood Savings Account?

A. We can receive account statements on a quarterly basis.

⭐ What is the minimum balance required to maintain a monthly balance of Jood Savings account?

A. AED 3,000 is required as a minimum balance to be maintained in this account.

⭐ Is there any charge if I don’t maintain the minimum balance of Jood Savings account?

A. Yes. A inactivity fee will be charged if you don’t maintain this account.

Rakbank

Established in 1976, RAKBANK or the National Bank of Ras Al Khaimah (P.J.S.C), is one of the oldest banks in the UAE. As a member of the UAE Banking Federation (UBF), RAKBANK follows the Custom Charter as stipulated by the UBF and tries to encourage best practices in the financial services industry. It works with a vision to provide ‘simply better’ financial solutions to its customers in and around the UAE’ and a Mission to be the leading bank in the UAE by offering best products.

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