RAKBANK UAE Non-Residents Elite Islamic Banking Account caters to international clients. Whether investing, saving, or managing wealth, we offer over 1 million ATM locations worldwide, global validity, and services to enhance your financial prosperity. Apply Now!

Islamic Bank Account for Non-Residents in The UAE | Apply Now | RAKBANK | RAKislamic | UAE

Non Resident Account

Privileged banking for the modern global citizen

Non-Resident Banking

<p>RAKBANK is highly rated by the world&rsquo;s leading credit rating agencies:</p>
<ul>
<li>A- by Capital Intelligence</li>
<li>Baa1 by Moody&rsquo;s</li>
<li>BBB+ by Fitch</li>
</ul>

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Highly rated

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with PRO processing fee as low as AED 2,000

Islamic Non Resident CVP - Golden Visa

All you need is a deposit of AED 2 million or a home finance with a minimum equity amount of AED 2 million to start your journey and unlock exclusive benefits.
<br>
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<b>Reduced PRO processing fee:</b>
<br>
The total cost of processing fees for a Golden Visa varies and can be expensive. With us, you’ll be able to enjoy not just the benefits that come with a RAKBANK Elite account or mortgage, but also the savings that you’ll get from reduced aggregate costs and processing expenses.

Start your Golden Visa journey with PRO processing fee as low as AED 2,000

Start your Golden Visa journey

Islamic Non Resident CVP - Personal Elite Relationship Manager

With RAKBANK Elite, you'll have access to a dedicated Relationship Manager who understands your financial goals and priorities. They'll provide expert guidance, tailored solutions, and personalised support to help you navigate your financial journey with ease.

Your personal Elite Relationship Manager

Personal Elite Relationship Manager

 Eligibility

A world of opportunity awaits

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<p>Savings accounts and fixed deposits available in multiple currencies at competitive rates.</p>
<p><strong>Explore our:</strong></p>
<ul>
<li><a title="Fawrun Term Deposit Account" href="/en/islamic/personal/everyday-banking/deposits/fawrun-term-deposit-murabaha/" target="_blank" rel="noopener">Fawrun Term Deposit Account</a></li>
<li><a title="RAKislamic Advantage Account" href="/en/islamic/personal/everyday-banking/saving-accounts/rakislamic-advantage/" target="_blank" rel="noopener">RAKislamic Advantage Account</a></li>
</ul>
</div>

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Elite Account

Islamic NRB- Question 6

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<p>Planning a holiday or a business trip? Book your flights or hotels on Cleartrip using your RAKislamic Platinum card and enjoy up to 30% discount on your travel bookings. Combine airline and hotel discounts for a holiday package and get up to AED 1,400 off your bookings. <br /><br />To benefit from the offer, simply visit www.cleartrip.ae, select your flights and enter the promo code MASTERCARD at checkout.</p>

Travel - Cleartrip Airline Discount

Cleartrip airline discounts

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<ul>
<li>Secured residency for up to 10 years, providing long-term stability for you and your family</li>
<li>Easy application process through fixed deposits or property investments</li>
<li>Access to premium healthcare and education</li>
</ul>
</div>

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You can conveniently acquire and benefit from a golden visa.

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Islamic NRB- FAQ's

Service and Price Guide

Terms and Conditions

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<p>Innovative and award-winning mortgage solutions with great profit rates, fast processing time and minimal documentation.</p>
<ul>
<li>Up to 75% finance to value</li>
<li>1% processing fees</li>
<li>Maximum tenure of 25 years</li>
<li>Maximum finance amount of up to AED 12M<br /><br /></li>
</ul>
<p>*The customer needs to be in the UAE to apply for this product</p>
</div>

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Home Finance*

<p>RAKBANK is consistently recognised by experts and industry award-giving bodies with accolades that include:</p>
<ul>
<li>The Fastest Growing Retail Bank in the UAE - World Economic Magazine (2023)</li>
<li>Excellence in Customer Experience Enhancement &ndash; Finnovex Middle East Awards (2023)</li>
<li>Best Innovation in Retail Banking UAE - International Banker (2024)</li>
</ul>

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Award winning

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Islamic Non Resident CVP - Exclusive Elite Service Centres

 Indulge in the comfort and convenience of our exclusive RAKBANK Elite Service Centres. These state-of-the-art facilities are designed to provide you with a luxurious banking environment, where our dedicated staff will cater to all your banking needs.

Exclusive Elite Service Centres

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<p>RAKBANK is The National Bank of Ras Al Khaimah. The Emirate of Ras Al Khaimah, rated A+ (investment grade) by Fitch, is one of the UAE&rsquo;s fastest-growing property hotspots and holds a majority stake in RAKBANK</p>
</div>

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One of the UAE’S national banks

Account

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Why Elite Banking?

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Why RAKBANK?

Use our branch and ATM machine locator to find the nearest RAKBANK facility to you within the Middle East, in just a few clicks. Timings are available too.


RAKBANK Branches And ATM Machines Near Me In UAE |RAKBANK UAE

Branches & ATMs

Segment - Personal

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Prioritised service for speedy transactions

Islamic Non Resident CVP - Fast track processing for Elite members

As a RAKBANK Elite member, your banking transactions will receive priority processing. Our fast track service ensures that your requests are handled swiftly and efficiently, allowing you to focus on the things that matter most.

Fast track processing for Elite members

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<p>Since 1976, RAKBANK has been at the forefront of the UAE&rsquo;s banking sector, celebrated for its commitment to excellence and customer satisfaction. It is one of the leading banks of the UAE.</p>
</div>

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Islamic Non Resident CVP - Preferential exchange rates

As a RAKBANK Elite member, you'll enjoy preferential exchange rates on USD, EUR, and GBP transactions. Whether you're travelling, investing, or making international purchases, you'll benefit from competitive rates offered exclusively for our Elite clientele.

Enjoy preferential exchange rates

Preferential exchange rates

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AED 50,000-above

<p>Enjoy unlimited complimentary access to over 25 regional and international lounges across the UAE, Saudi Arabia, Jordan, Kuwait, Egypt, Morocco, USA, UK, Canada, Germany, France, Singapore and more. <br /><br />In addition to access to comfortable seating, you can take advantage of business facilities such as email, internet, phones, fax machines and conference spaces at select lounges. Complimentary refreshments and snacks are also available. <br /><br />Relax, work and refresh before your flight with our complimentary lounge access program.</p>

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Complimentary lounge access

RAKBANK UAE Non-Resident Elite Banking Account caters to international clients. Whether investing, saving, or managing wealth, we offer over 1 million ATM locations worldwide, global validity, and services to enhance your financial prosperity. Apply Now!

Non-Resident Bank Account in UAE | Apply Now | RAKBANK UAE

UAE Non-Resident Bank Account | Apply Now | RAKBANK

Conventional

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<p>Discover the thriving investment landscape of the UAE, a dynamic hub of innovation and potential. With its fast-growing property market and bustling trading hubs, the UAE beckons as a prime destination for those with a keen eye for growth.</p>
</div>

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Why the UAE?

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<ul>
<li>No wealth tax</li>
<li>No inheritance tax</li>
<li>No personal income tax</li>
</ul>
</div>

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You have great tax benefits to grow your wealth

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<ul>
<li>Numerous attractive real estate investment opportunities</li>
<li>Rapid infrastructure development and favourable government policies</li>
<li>Excellent location for a second home to enjoy the vibrant culture &amp; lifestyle of the UAE</li>
</ul>
</div>

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You can invest in a growing property market

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<p>Here&rsquo;s what we offer affluent non-residents like you.</p>
<p>Along with a seamless process to open a non-resident Islamic bank account with RAKBANK and become an Elite customer, we have a wide range of financial and non-financial benefits. We keep your funds safe and help you grow your wealth.</p>
</div>

Exploring Non-Resident Banking in the UAE? 

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Call Me Back Option - RAKBANK Non Residential

Submit your details and we’ll be in touch soon

Call me back

AED 5,000-19,999

AED 20,000-49,999

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FAQs

<p><strong>Documents required to open a non resident account</strong></p>
<ul>
<li>Completed account opening form</li>
<li>Copy of passport(s) and original passport(s) for validation</li>
<li>Residence address proof: Utility bill or any other alternative with full address; less than 3 months old.</li>
<li>Source of income/wealth: Bank statements</li>
</ul>

Islamic Non Resident CVP - Requirements

Requirements

FAQ Accordion Items

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<ul>
<li>One of the world&rsquo;s top travel destinations for owning a holiday home</li>
<li>Established travel hub with easy flights to over 130 destinations</li>
<li>Diverse population and easy transition when moving your loved ones to the UAE</li>
<li>A strategic global hub for a wide range of business opportunities in multiple industries</li>
</ul>
</div>

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You can enjoy UAE’s great location between East and West.

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Islamic NRB- Question 3

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<p>RAKBANK Non-Resident Elite Banking is crafted to cater to the sophisticated needs of international clients like you. Whether investing, saving, or managing wealth, our services are designed to complement your lifestyle and enhance your financial prosperity.</p>
</div>

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<ol>
<li>Your Emirates ID</li>
<li>Your Passport with valid residency visa</li>
<li>Any of the following proof of income</li>
</ol>
<ul>
<li>Salary Certificate</li>
<li>Bank Statements</li>
<li>Payslips</li>
<li>Labour Contract</li>
</ul>

Visit A Branch

A specialist will be able to assist you with the process

Visit a branch

Scan the QR code to download the RAKBANK app from the Apple App Store

Download the RAKBANK App!

Discover the Rakbank App and enjoy digital banking designed to fit your day. Manage your accounts, make secure transactions, and access smart features all in one simple, easy-to-use app

Scan the QR code to download the app from the Google Play Store

RAKBANK mobile and digital banking features enabling customers to bank anytime, anywhere

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Bank on the go, anytime, anywhere

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<p><strong>Age:</strong></p>
<ul>
<li><span class="NormalTextRun SCXW148435407 BCX8">18 years old and above</span></li>
</ul>
<p><strong>Total Relationship Balance:</strong></p>
<ul>
<li>Average balance of total relationship (liabilities &amp; investments) for the last 3 months &ge; AED 350,000</li>
</ul>
<p><em>Terms &amp; Conditions apply.</em></p>
</div>

Islamic Non Resident CVP - Eligibility

Eligibility

Islamic NRB- Question 1

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<ul>
<li>Low crime rates, making the UAE one of the safest countries in the world</li>
<li>Local currency pegged to USD, reducing exchange rate volatility</li>
<li>Wills for non-Muslim expats for their UAE assets, ensuring peace of mind for you and your family</li>
<li>100% property and company ownership, with no local sponsorship needed in certain cases.</li>
</ul>
</div>

Exploring Non-Resident Banking in the UAE?

Why the UAE?

Why RAKBANK?

Why Elite Banking?

Eligibility

A world of opportunity awaits

FAQs

Relevant links

Bank on the go, anytime, anywhere