RAKBANK Amal Savings Account

rakbank Bank

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Amal Savings Account

Min Balance to Maintain

AED 3K

Monthly Fee

AED 0

Annual Fee

AED 0

Relationship Manager

No

Currency Account

Yes

AED 3K

Min Balance to Maintain

AED 0

Monthly Fee

AED 0

Annual Fee

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.

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. With a Vision to ‘offer ‘simply better’ banking solutions to customers across the UAE’ and a Mission to ‘be the leading bank in the UAE by offering innovative and competitive products’, RAKBANK promises :