Last Updated on 23 May 2023
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RAKBANK Amal Savings Account

This product is invalid by the Bank
Amal Savings Account
Features
- This is an Islamic account by nature.
- There is no monthly fees on this account.
- This account can be opened in AED,USD, GBP and EUR.
- 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.
- There are no rewards for this account to avail.
Rewards
- There are no rewards for this account to avail.
Frequently Asked Questions
⭐ In which currency RAK Amal savings account can be availed?
A. This Account can be availed in AED, USD, and GBP currencies. For Euro and other currencies, you can raise a request for Bank’s approval.
⭐ Is this Islamic Savings Account?
A. Yes. This is an Islamic account by nature.
⭐ When we receive account statements from Amal Savings Account?
A. We can receive account statements on a quarterly basis.
⭐ Do we get any Debit card with RAK Amal Savings Account?
A. Yes. We get a free debit card with this account.
⭐ How can I access RAK Amal Savings Account?
A. We can access this account via its free online SMS banking services along with phone & mobile banking services.
⭐ What is the minimum balance required to maintain a monthly balance of RAK Amal Savings account?
A. AED 3,000 is required as a minimum balance to be maintained in Amal Savings account.
Rakbank
Get in touch with RAKBANK Customer Care