# RAKBANK

> Source: https://docs.barcoder.ai/docs/wallets/rakbank
> research date 2026-06-01 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [RAKBANK — official](https://www.rakbank.ae/)

## Overview

**RAKBANK** is **ADX: RAKBANK** + **UAE commercial bank** + **Government of Ras Al Khaimah ~52.75% controlling** + **one of UAE's largest commercial banks by branches** + **~1.6M+ UAE RAKBANK customers** <sup>[1][1], [United Arab Emirates report](https://docs.barcoder.ai/docs/payments/AE)</sup>.

## History

**1976 — RAKBANK National Bank of Ras Al Khaimah founded by Government of Ras Al Khaimah** distinctive UAE Northern Emirates banking heritage.

**2014 — RAKBANK Mobile Banking app launch**.

## Ownership & operator

**Operating entity**: **RAKBANK National Bank of Ras Al Khaimah** (UAE commercial bank; ADX: RAKBANK).

**Major shareholders**: **Government of Ras Al Khaimah ~52.75% controlling + UAE retail + institutional + foreign investors free float**.

**Regulators**: **Central Bank of the UAE**.

## Technical integration

RAKBANK Mobile Banking app (iOS + Android; ~1.6M+ UAE RAKBANK customers) + rakbank.ae online + RAKBANK branch network across UAE + RAKBANK Visa + Mastercard cards; AE IBAN + UAEICC + Aani (UAE national instant payment scheme).

## Implementations & partners

**Major UAE banking + payments competitors**: [Emirates NBD (ENBD X)](https://docs.barcoder.ai/docs/wallets/emirates-nbd) (Emirates NBD; DFM: EMIRATESNBD; UAE's largest commercial bank by assets) + [First Abu Dhabi Bank (FAB)](https://docs.barcoder.ai/docs/wallets/first-abu-dhabi-bank) (First Abu Dhabi Bank FAB; ADX: FAB; UAE's #2 commercial bank by assets) + [ADCB (Abu Dhabi Commercial Bank)](https://docs.barcoder.ai/docs/wallets/adcb) (Abu Dhabi Commercial Bank ADCB; ADX: ADCB; UAE's #3 commercial bank by assets) + [Mashreq NEO + NEOPAY (UAE)](https://docs.barcoder.ai/docs/wallets/mashreq-neo) (Mashreq Neo; DFM: MASQ; UAE digital bank by Mashreqbank) + [Dubai Islamic Bank (DIB)](https://docs.barcoder.ai/docs/wallets/dubai-islamic-bank) (Dubai Islamic Bank DIB; DFM: DIB; UAE's largest Islamic bank) + [Abu Dhabi Islamic Bank (ADIB)](https://docs.barcoder.ai/docs/wallets/abu-dhabi-islamic-bank) (Abu Dhabi Islamic Bank ADIB; ADX: ADIB; UAE Islamic bank) + [HSBC UAE](https://docs.barcoder.ai/docs/wallets/hsbc-uae) (HSBC UAE; HSBC Holdings UK parent subsidiary) + [Commercial Bank of Dubai (CBD)](https://docs.barcoder.ai/docs/wallets/commercial-bank-of-dubai) (Commercial Bank of Dubai CBD; DFM: CBD; UAE commercial bank) + [Ajman Bank](https://docs.barcoder.ai/docs/wallets/ajman-bank) (Ajman Bank; DFM: AJMANBANK; UAE Islamic bank) + [United Arab Bank (UAB)](https://docs.barcoder.ai/docs/wallets/uab-united-arab) (United Arab Bank; ADX: UAB; UAE commercial bank) + [Sharjah Islamic Bank (SIB)](https://docs.barcoder.ai/docs/wallets/sharjah-islamic) (Sharjah Islamic Bank SIB; ADX: SIB; UAE Islamic bank) + [Aani](https://docs.barcoder.ai/docs/standards/aani) (Aani UAE national instant payment scheme).

**Regulators**: Central Bank of the UAE.

## Status

**Active, ADX:RAKBANK + UAE commercial bank + Government of Ras Al Khaimah ~52.75% controlling + one of UAE's largest commercial banks by branches + ~1.6M+ UAE RAKBANK customers** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://www.rakbank.ae/ "RAKBANK — official"
[2]: https://en.wikipedia.org/wiki/RAKBANK "RAKBANK — Wikipedia"
[ae-cro]: https://docs.barcoder.ai/docs/payments/AE

- [1] [RAKBANK — official][1]
- [2] [RAKBANK — Wikipedia][2]
- <sup>[United Arab Emirates report](https://docs.barcoder.ai/docs/payments/AE)</sup> In-corpus: `reports/countries/AE-united-arab-emirates.md`

## Source

Biography extracted from [rakbank.md](https://docs.barcoder.ai/source/wallets/rakbank). See `matrix.md` for standards-support matrix if present.