RAKIslamic offers products and services that are thoroughly vetted by our Internal Sharia Supervision Committee. This dedicated team reviews the structural framework, associated documentation, and operational procedures of each product, ensuring their adherence to Sharia principles and practices.
An official Fatwa is issued for every product, available for our customers through the following links or in-person at RAKBANK branches.
The detailed Fatwa for each RAKislamic Product is available on the links below.
Asset-Based Finance (Under Murabaha And Ijara)
Service Agency Based on Assets Leased to Third Party
Bank Accounts / Deposits (Corporate / SME)
Bank Accounts / Deposits (Individuals)
Wholesale_Business Banking Products Based on The Commodity Murabaha Structure
Credit Card Based On Qard-Hasan
Commercial Real Estate Finance (Ijara)
Credit Cards (Based on The Commodity Murabaha)
RAKValue Proposition (Individuals)
RAKValue Proposition (Corporate_SME)
Salary Advance Facility (Qard-Hasan)
Titanium Credit Card Based On Qard- Hasan