RAKBANK is the trading name of the National Bank of Ras Al-Khaimah PJSC (), a public joint-stock; major Emirati bank established in 1976 and headquartered in the Emirate of Ras Al Khaimah, in the United Arab Emirates. It is listed on the Abu Dhabi Securities Exchange (ADX).
History For its first 25 years, the institution operated as a conventional Corporate Bank. It primarily catered to local businesses. In 2001 the bank was rebranded to RAKBANK entering to the Retail banking.
In August 2005 the bank start listing in the Abu Dhabi Securities Exchange.
In 2013, Launched RAKIslamic, a dedicated division offering Sharia-compliant personal and business banking products.
In 2015, Acquired a majority stake in RAK Insurance, enabling them to offer integrated bancassurance products.
In 2025, It was the first traditional bank to offer Cryptocurrency trading. In 2026, the bank received the approval from the Central Bank of the United Arab Emirates to launch a Stablecoin based on the United Arab Emirates dirham.
Shareholding As of 2025.
Shareholder Percent owned Government of Ras Al Khaimah 49.35% UAE citizens 36.72%GCC citizens10.76% Foreign ownership 2.72%
See also
List of banks in the United Arab Emirates
References