RAKBANK Islamic Jood Savings Account RAKBANK Min. Salary AED Min. Balance 3000 AED Interest Rate 0.25% Non Maintenance Fee 25 AED Features Free Debit Card Internet Banking Islamic Banking Mobile Banking Sharia Compliant Apply Now Benefits It is a sharia-compliant account where you can earn profits on your savings. Mudaraba based savings account. Is available only in AED currency. Free EDM Cash and Cheque deposits. The account can be opened online. Get a free debit card with this savings account. Earn profits on a quarterly basis. E-statements are available online. Fees & Charges Account Closure (Within one year)= AED 100 Non-RAKBANK ATM Transactions in UAE- Cash Withdrawal = AED 2 Non- RAKBANK Transactions in UAE – Balance Inquiry / Declined Transaction= AED 1 Fee for using the ATM outside UAE and GCC = AED 20 Interest Rates Interest rate = 0.25% Documents Required Passport Copy Emirate ID Visa Copy Eligibility A UAE National, UAE Resident, non-residents, and minors can open this account. Addition Information The savings account can be accessed using RAKDirect or mobile banking services. The profit rate payable will be worked out by executing the Profit Distribution Module (PDM) on a quarterly basis and credited into the account. Apply Now
