Last Updated on 23 May 2023

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RAKBANK Amal Savings Account

RAKBANK Bank

WarningMessage This product is invalid by the Bank

Amal Savings Account

Min Balance to Maintain

AED 3K

Monthly Fee

AED 0

Annual Fee

AED 0

Relationship Manager

No

Yes

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

Yes

Currency 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

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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