RAKBANK provides retail, commercial, Islamic banking, and treasury services with 20 branches as of March 2025. The Government of Ras Al Khaimah held a 49.35% stake in the bank as of April 2025. In July 2024, it raised $600 million through five-year social bonds under its $2 billion Euro medium-term notes programme to support SMEs and the healthcare sector. In August 2024, the bank launched Skiply 2.0, a family payment platform for managing education and extracurricular expenses, which had 315 educational institutions, over 176,000 users, and more than 296,000 students as of 2024.