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Islamic Credit Cards
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United Arab Emirates · 5 cards

RAKislamic Islamic credit cards

Every Shariah-compliant card RAKislamic currently offers, with the contract behind each one and the fee schedule it came from.

Islamic window5 with no annual feeMurabahah

Who RAKislamic are

An Islamic window: a Shariah-compliant division inside a conventional bank.

Listed by the CBUAE as 'National Bank of R.A.K P.J.S.C' under Banks with Islamic Windows. The Islamic Banking Division has operated since 2013 under a CBUAE licence. All five consumer cards run on a structured commodity Murabaha contract rather than the Ujrah model that dominates the UAE Islamic card market. Its Islamic Consumer Credit Card Service and Price Guide (effective 30-07-2026) is one of the clearest published fee schedules of any UAE Islamic issuer, pricing all five cards on one page.

Legal name
The National Bank of Ras Al Khaimah (P.S.C.) - Islamic Banking Division
Founded
2013
Parent group
RAKBANK (The National Bank of Ras Al Khaimah P.S.C.)
Head office
Ras Al Khaimah, UAE
Regulator
Central Bank of the UAE
Shariah board
Internal Shari'ah Supervision Committee
rakbank.ae/en/islamic

All 5 RAKislamic Islamic credit cards

Gold Credit Card

Annual fee
No annual fee
Profit rate
3.45% /mo
Minimum income
Not published
Structure
Murabahah

Full breakdown

My Ras Al Khaimah Platinum Credit Card

Up to 3.75 RAKrewards per AED 1 internationally, with boosted fuel and cinema earn

Annual fee
No annual fee
Profit rate
2.75% /mo
Minimum income
AED 8,000 a month
Structure
Murabahah
Reward points

Full breakdown

RAKislamic Platinum Credit Card

Up to 3.75 RAKrewards per AED 1 on domestic and international spend

Annual fee
No annual fee
Profit rate
3.45% /mo
Minimum income
AED 5,000 a month
Structure
Murabahah
Reward points

Full breakdown

RAKislamic World Credit Card

Up to 6.25 RAKrewards for every AED 1 spent

Annual fee
No annual fee
Profit rate
3.65% /mo
Minimum income
AED 20,000 a month
Structure
Murabahah
Reward points

Full breakdown

Watani Credit Card

100% cashback on Salik and DARB road tolls, plus RAKrewards points

Annual fee
No annual fee
Profit rate
2.75% /mo
Minimum income
AED 15,000 a month
Structure
Murabahah
Mixed rewards

Full breakdown

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