RAKBANK provides retail, commercial, Islamic banking, and treasury services with 19 branches as of March 2024. It is 49.35% owned by the Government of Ras Al Khaimah. In December 2023, it announced that it would contribute to the U.A.E. banking sector’s 2030 pledge to commit $272.3 billion to sustainable finance at COP28. In 2023, it recorded $486 million in net profits a growth of 53.4% compared to 2022.