Murabaha
Home Finance
We buy the home you choose and sell it to you at a transparent, fixed profit. Your instalments never change, whatever happens to market rates.
4.49%fixed profit rate p.a.
- Finance up to 85% of value
- Terms up to 25 years
Sharia-compliant banking since 1998
Rawda brings the principles of fairness, shared risk and real-economy investment to everyday banking. Save, finance your home and grow your wealth with complete transparency and no interest, ever.
Sharia-compliant products
Every product is built on a recognised Islamic contract, reviewed by our Sharia Supervisory Board and explained in plain language.
Murabaha
We buy the home you choose and sell it to you at a transparent, fixed profit. Your instalments never change, whatever happens to market rates.
Ijara
A lease-to-own agreement. Rawda owns the car while you drive it, and ownership passes to you with your final rental payment.
Mudaraba
Your savings are invested in Sharia-compliant trade and assets. Profits are shared at an agreed ratio and paid to you every month.
Takaful
Cooperative protection where members contribute to a shared fund that supports each other. Surplus is returned to participants.
How Islamic finance works
Islamic finance prohibits riba, or interest. Instead of lending money for a fee, Rawda partners with you, trades with you or leases to you, so every return is tied to real economic activity.
How your Mudaraba savings earn profit
If a loss occurs without negligence, it is borne by the capital and Rawda forgoes its share of profit for its effort. Ratios are agreed upfront and shown in your contract.
| Conventional banking | Islamic banking at Rawda | |
|---|---|---|
| Source of return | Interest charged on money lent | Profit from real trade, leasing and investment |
| Risk | Borne mainly by the borrower | Shared between the bank and the customer |
| Role of the bank | Lender of money | Partner, trader or lessor of a real asset |
| Late payment | Compounding penalty interest | Fixed amount donated to charity, never kept by the bank |
| Where money goes | Any sector | Screened: no alcohol, gambling, tobacco, weapons or interest-based business |
Profit rates
Profit on deposits is declared quarterly from actual investment performance. Finance rates are indicative and fixed at signing.
| Product | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 |
|---|---|---|---|---|
| Savings & deposits | ||||
| Mudaraba SavingsBalance up to $50,000 | 3.35% | 3.45% | 3.50% | 3.60% |
| Mudaraba Savings PlusBalance $50,000 and above | 3.80% | 3.90% | 4.00% | 4.10% |
| Wakala Term Deposit, 3 monthsMinimum $10,000 | 3.95% | 4.05% | 4.15% | 4.25% |
| Wakala Term Deposit, 12 monthsMinimum $10,000 | 4.40% | 4.55% | 4.65% | 4.75% |
| Finance | ||||
| Murabaha Home FinanceFixed for 5 years, then variable | 4.75% | 4.69% | 4.59% | 4.49% |
| Ijara Auto FinanceNew vehicles | 4.25% | 4.15% | 4.05% | 3.99% |
Sharia governance
An independent board of scholars reviews and approves every contract, product and investment. Their annual report is published in full.
Chairman
PhD in Islamic commercial jurisprudence. Advises on Sharia standards for financial institutions across the region.
Vice Chair
Professor of Islamic finance and author of three books on contemporary Takaful and Waqf structures.
Board Member
Specialist in contracts and sukuk structuring, with over 25 years of service on Sharia boards.
Executive Member
Leads Rawda’s internal Sharia audit, reviewing every new product, contract and investment before launch.
412 contracts and product documents reviewed · 38 new resolutions issued · 100% of investments screened. Non-compliant income of $1.2M was purified and donated to charity.
Rawda Mobile
Open an account in minutes with your national ID, then manage everything from one beautifully simple app.
Save for Hajj, Umrah, education or a home with Mudaraba goal pots that earn monthly profit.
Round up card purchases and give the change to vetted charities, with a yearly giving statement.
Your balances and gold holdings feed an in-app Zakat estimate, ready to pay in two taps.
Freeze your card, set limits and block non-compliant merchant categories automatically.
Zakat calculator
Enter what you own and owe on your Zakat anniversary date. Zakat is 2.5% of net wealth held for one lunar year above the nisab.
Ethical investing
Asset-backed sukuk and equity funds screened against Sharia and ESG criteria, managed by Rawda Asset Management.
Rawda Foundation
Through Qard Hasan interest-free loans, Waqf endowments and education grants, the Rawda Foundation invests in the communities we serve.
Visit us
Corniche Road, Tower 3, Ground Floor
Sun–Thu 8:00–15:00 · Sat 9:00–13:00
Marina Gate Mall, Level 1
Daily 10:00–22:00
14 Spice Market Lane
Sun–Thu 8:00–15:00
Logistics District, Gate 2
Sun–Thu 7:30–16:00
Ramadan hours: branches open 9:00–14:00 Sunday to Thursday. Selected mall branches open evenings after Iftar.