National Bank of Ras Al Khaimah PSC RAKBANK.AD
AED9.20 AED0.09 (0.99%) 1D
Last Updated: Aug 13, 12:00 AM·ADX
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RAKBANK.AD Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, National Bank of Ras Al Khaimah PSC is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
National Bank of Ras Al Khaimah PSC. Stock Analysis RAKBANK.AD
United Arab Emirates Financials Mid Cap National Bank of Ras Al Khaimah engages in the provision of retail and commercial banking, and treasury services. The company is headquartered in Ras Al Khaimah City, Ras Al-Khaimah. The company went IPO on 2005-08-14. The company offers retail, commercial, Islamic banking and treasury services. The company operates in following segments: Retail banking, which offers current accounts, savings accounts, deposits, credit and debit cards, individual customer loans and mortgages; Wholesale banking, which includes transactions with corporate bodies and loans, advances, deposits and trade finance transactions of corporate customers and financial institutions, among others; Business banking, which comprises of loans, advances, deposits and trade finance transactions of small and medium-sized enterprise (SME); and Head Office and Others, which comprises central funding and other support functions including insurance related transactions of Raknic subsidiary. Its subsidiaries include Ras Al Khaimah National Insurance Company PSC, RAK Technologies FZCO, and Rakfunding Cayman Limited and It also operates through approximately 9 branches.
National Bank of Ras Al Khaimah PSC (RAKBANK.AD) Chart
Financial Metrics & Statements of National Bank of Ras Al Khaimah PSC (RAKBANK.AD)
FAQ's for National Bank of Ras Al Khaimah PSC (RAKBANK.AD)
- As of August 2026, National Bank of Ras Al Khaimah PSC RAKBANK.AD is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes National Bank of Ras Al Khaimah PSC using these criteria to determine its compliance status.
- Muslim investors may consider investing in National Bank of Ras Al Khaimah PSC if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of National Bank of Ras Al Khaimah PSC by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of National Bank of Ras Al Khaimah PSC may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of National Bank of Ras Al Khaimah PSC on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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