Discover the world of Islamic Banking with RAKislamic, your trusted partner for Sharia-compliant financial services. As a dedicated window of RAKBANK, we uphold the highest standards of Islamic Banking principles. From the historical roots of this unique banking system to our internal Sharia Supervision Committee's rigorous compliance checks, our aim is to guide and support you in fulfilling your financial needs while adhering to the principles of social justice and equality.
Established in 2013, RAKislamic is the Islamic Banking window of RAKBANK that caters to customers seeking Sharia-compliant financial products and services. Our commitment to Islamic banking principles is guided by a team of qualified and experienced Islamic bankers.
Islamic banking began with the celebration of the 15th Hijra Century in the mid-70s. The world's first development bank in compliance with Sharia, the Islamic Development Bank, was established in 1974. Islamic banking emerged as an alternative financial system that introduced a fair system of social justice and equality while fulfilling the financial needs of people.
The Internal Sharia Supervision Committee is a team of redeemed and experienced Sharia experts who oversee the Sharia compliance of our products, services and operations. With a commitment to upholding the principles of Sharia, the committee ensures that all our activities are in line with Sharia regulations and guidelines.