WIO Bank

RAKEZ has teamed up with the region’s first platform bank, Wio. Its first product, Wio Business offers easy banking solutions for businesses of all sizes with no paperwork, no minimum balance, and quick set-up timelines. Regulated by the Central Bank of UAE, this all-in-one financial platform is ideal for SMEs and freelancers looking to open local business bank accounts. Wio Business accounts can be managed digitally via its mobile app. To get started, click here.

EDB Bank

RAKEZ and Emirates Development Bank (EDB) have partnered to provide innovative business financing solutions to companies of all sizes operating in the economic zone. These solutions range from offering quick and small loans for SMEs, providing big ticket loans to companies in the industrial sector, to extending valuable insights on current and evolving trends that impact the finances of large companies, supporting their growth and expansion. With EDB, RAKEZ clients can get an active business bank account in just two days via their digital app and receive a business loan in five days.

Companies can apply for EDB Financing Solutions digitally here.


Since 2017, RAKBANK and RAKEZ have been working together to provide RAKEZ companies with a bouquet of banking solutions. The key benefits offered to the economic zone’s family of businesses include clearly communicated requirements leading to shorter turnaround time for applications, reflecting our commitment to providing you with quick and transparent processes. For information on RAKBANK products click here.


RAKEZ and Mashreq NEOBiz have joined forces to offer special banking benefits and solutions that are particularly designed for SMEs. By being part of our family, you are guaranteed to experience fast-track account openings with support from a dedicated team as well as access to an extensive portfolio of Mashreq products and financial services.


Also in 2019, RAKEZ has entered into a strategic alliance with First Abu Dhabi Bank (FAB) in an aim to connect its clients to more banking options. As with the other partners, RAKEZ’s collaboration with FAB paves the way for quick and easy corporate account opening to companies flourishing in the RAKEZ ecosystem with the assistance of a dedicated relationship manager.


Commercial Bank of Dubai (CBD)

Commercial Bank of Dubai (CBD) has partnered with RAKEZ to provide existing and new RAKEZ clients a host of banking services to support their business growth and aspirations. Through this partnership, RAKEZ clients will be able to conveniently and quickly open business accounts and get access to innovative financing solutions with personalised service through dedicated relationship managers.




In partnership with ADCB, RAKEZ clients can enjoy 0% interest on instalment plans for 3, 6, 9 or 12 months on transactions amounting to AED 1,000 and above with AED 50 processing fee. All you have to do is use your ADCB credit card when paying for your RAKEZ invoices and then call 600 50 2030 to convert your transaction according to your repayment preference.


Emirates NBD

To provide flexible payment option to more clients, RAKEZ also tied up with Emirates NBD. The bank offers Easy Payment Plan of 3, 6, 9 or 12 months with 0% interest on transactions over AED 1,000. After completing your RAKEZ transaction using your Emirates NBD credit card, contact the bank on 600 540000 to convert your transaction into monthly instalments. Alternatively, you can apply online or via mobile banking.



As a special offer from RAKBANK, RAKEZ clients can avail 0% easy payment plan for 3, 6, 9 or 12 months on transactions over AED 1,000. All you need to do is use your RAKBANK Credit Card for your RAKEZ transactions and call RAKBANK phone banking on 04 213 0000 within 10 days from the transaction date to avail the 0 % easy payment plan. 0% EPP is not valid on RAKislamic Credit Card. Conditions apply.



Mashreq Bank provides RAKEZ clients with the option to convert their RAKEZ purchases of AED 1,000 and above into 0% Easy Payment Plan for up to 24 months. One-time flat processing fee of AED 29 will be applicable for 6, 9 and 12 months, AED 49 for 18 months and AED 99 for 24 months period. Early cancellation fees will be applicable. All purchases under the 0% EPP shall be authorised by Mashreq Bank electronically via the POS terminal.


Commercial Bank of Dubai (CBD)

Commercial Bank of Dubai (CBD) has partnered with RAKEZ to provide clients an option to convert their RAKEZ purchases of AED 1,000 and above into 0% Easy Payment Plan for up to 12 months. One time processing fee of 1.5% for 3 months, 2.5% for 6 months and 3% for 12 months tenure will apply. To avail, simply login to CBD mobile app or call 600 575 556 and place your request.


Emirates Islamic

RAKEZ has tied up with Emirates Islamic to provide flexible payment options to their clients, who can now enjoy Easy Payment Plans of 3, 6, or 12 months with 0% profit rate on transactions over AED 1,000. After completing RAKEZ transactions using your Emirates Islamic credit card, clients can contact Emirates Islamic Call Centre on 600 599 995 to convert the transactions into monthly instalments.


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Last Updated on 12/29/2019 9:23:05 PM

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