In RAK (Ras Al Khaimah) islamic credit cards follow the priciples of the Sharia finance and are therefore called sharia compliant credit cards and those islamic cards are becoming popular and used by the muslim community but by non-muslim as well.
RAK's islamic banks have added the islamic credit card to their banking products completing the full islamic finance range to cover all customers need in terms of Sharia banking.
The RAK (Ras Al Khaimah) islamic credit card follows the principle of a halal deferred payment transaction, called also Al Bai Bithaman Ajil called also BBA.
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