The power you deserve

Made just for the elite. Enjoy a multitude of privileges, cost savings, preferential pricing, and lifestyle benefits when you opt for the Islamic Business Elite Account.

Available to both our conventional and Islamic Business Banking customers.

Profit rates

Account Balance Slab – AED

Profit rate applicable effective as of 01 August 2022:

From (AED)To (AED) Profit Rate
500,0004,999,999.990.10%
5,000,00014,999,999.990.15%
15,000,000And above0.25%*

 

Account Balance Slab – USD

Profit rate applicable effective 01 April 2020:

From (USD)To (USD)Profit Rate
50,0004,999,999.990.10%
5,000,0009,999,999.990.15%
10,000,000And above0.25%*

 

*Differential profit calculation method, profit rate is subject to change as per the Bank’s discretion.

Note: If you do not wish to earn profit on your existing Business Elite Account, please feel free to write to us at businessbanking@rakbank.ae from your registered email ID.

Profit charges are applicable for CHF, EUR, and JPY as below, effective as of 01 September 2022:

CurrencyProfit (% p.a.)
GPB0%
JYP-0.60 %
EUR0%
CHF0%
Benefits

Unmatched benefits in your wallet

Advanced Chip & PIN features

Global acceptance

SMS notifications

Over 1 million ATM locations worldwide

Exclusive travel perks

Exceptional discounts and freebies

Mastercard exclusive offers

Eligibility & Fees

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Various currencies available

Take control of your finances and overseas transactions with the option of various currencies.

Starter Account is available in AED, USD, EUR, and GBP.

Islamic savings amplified

Starter Account is based on the Islamic principle of ‘Mudaraba’, which means you can earn profit on your savings. The profit is declared and credited to your Account on a quarterly basis.

No ledger or fallback fees

We understand that some circumstances can get out of hand, that’s why we won’t be applying any extra fees in case of a fallback transaction.

Personalised service and support

Experience exceptional banking convenience with a Starter Account. Enjoy the expertise of a dedicated Relationship Manager, who will guide you through your financial journey, and take advantage of our 24/7 Phone Banking services for seamless support anytime, anywhere.

Unlimited cheque book facility

Your first chequebook is provided for free, once per year. Additional chequebooks can then be purchased through Digital Banking or a branch.

Attractive foreign exchange and trade finance rates*

Experience seamless and cost-effective transactions with the Starter Account.
Benefit from our attractive foreign exchange and trade finance rates, designed to support your cross-border business endeavors and help you prosper in the global market.

* Sharia-compliant