RAKIslamic

RAKIslamic is the Islamic banking division of RAKBANK, established in 2013 to provide Shariah-compliant banking services. Backed by the National Bank of Ras Al Khaimah (RAKBANK, founded 1976), RAKIslamic benefits from the stability and infrastructure of one of the UAE's oldest banks. RAKIslamic credit cards follow Islamic finance principles (no interest-based charges) while delivering competitive perks.

Credit Card Strengths

• Airline rewards: RAKIslamic offers an Emirates Skywards World Elite Card that lets cardholders earn Skywards Miles on spending and enjoy travel perks such as lounge access and upgrades – a unique feature among Islamic cards in the UAE.
• RAKrewards loyalty program: Other RAKIslamic cards earn RAKrewards points on all purchases, which can be redeemed for flights, hotel stays, shopping vouchers, or cashback. This flexible rewards scheme ensures every dirham spent gives value back.
• Low fees and easy eligibility: True to RAKBANK's customer-friendly ethos, RAKIslamic cards often come with low or waived annual fees and accessible income requirements, making them attainable for a wide range of customers.
• Installment and payment plans: Cardholders can convert purchases into 0% profit (interest-free) installment plans easily, reflecting RAKIslamic's aim to offer convenient financing options without riba.

Who Should Consider RAKIslamic Cards?

• Miles chasers: Ideal for customers who fly with Emirates and want to earn Skywards Miles via a Shariah-compliant credit card.
• Everyday reward seekers: Great for individuals who prefer rewards they can tailor – from travel to cashback – thanks to RAKrewards on RAKIslamic's regular cards.
• Budget-conscious applicants: Suited for those looking for Islamic credit cards with low fees and reasonable salary requirements, including first-time cardholders or mid-income customers.
• Existing RAKBANK clients: If you bank with RAKBANK or live in the northern emirates, RAKIslamic cards integrate smoothly with RAKBANK's digital banking app and branch services.

Key Benefits

RAKIslamic credit cards provide profit-free periods (similar to interest-free grace periods) and adhere to Islamic finance contracts like tawarruq for transactions. The Emirates Skywards card grants benefits like bonus miles on signup and annual renewal, plus complimentary airport lounge access worldwide. With RAKrewards, cardholders earn up to 6.25 points per AED on certain cards, accelerating their rewards. Additional perks include free supplementary cards, purchase protections, and frequent promotional offers tailored for the UAE market. Managing a RAKIslamic card is convenient through RAKBANK's advanced mobile app and online banking, ensuring a seamless experience.

Compare RAKIslamic credit cards to find an Islamic card that delivers travel rewards, cashback, and value with RAKBANK's reliability.