RAKbank Islamic now offers Bitcoin trading through BitPanda
Rakbank is now offering its Rakbank Islamic customers the ability to buy, sell and hold Bitcoin through Bitpanda’s regulated virtual asset trading platform directly from the Rakbank mobile app.
As per the announcement, RAKBank is offering convenience of banking services with virtual asset opportunities, given that customers are increasingly interested in virtual assets and want trusted and transparent channels.
RAKbank Islamic customers will be able to fund transactions directly from their account, avoiding foreign exchange conversion costs.
The service is delivered through Bitpanda Broker MENA DMCC, Bitpanda’s Dubai Virtual Assets Regulatory Authority (VARA)-regulated entity, while Rakbank facilitates seamless access through its mobile banking app in accordance with Shari’ah principles.
Vikas Suri, Managing Director, Wholesale Banking Group – Products at Rakbank, said, “With this launch, Rakbank Islamic banking customers can access Bitcoin directly through the Rakbank mobile app, funded in UAE dirhams and supported by trusted, regulated infrastructure, while maintaining the Islamic values and principles that guide their financial decisions.”
In July 2025, RAKBANK launched its crypto brokerage service via its mobile app for retail customers, using BitPanda, making it the first conventional bank in the UAE to enable crypto trading services for its customers. RAKBANK starting offering customers with seamless, fast, and efficient access to digital assets in a fully regulated way.
RAKBANK customers could buy, sell, and swap cryptocurrencies by accessing UAE regulated Bitpanda’s crypto trading platform through RAKBANK’s mobile banking app.
