Investing made simple

We work with Legal & General to bring you a range of online investment funds. Your money's important to us and that's why we want to make sure that it's looked after. That's why we've chosen Legal & General as our trusted investment provider.

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Before you proceed with your application with Legal & General you should read and save the documents in the sections below. Once you've confirmed this, you'll be taken through to Legal & General's Investor Portfolio Service (IPS). Don't worry - you won't need to select your fund again, it'll be pre-selected when you get there.

If at any point you need further information please visit our getting started section.

Before deciding to invest we suggest that you consider the questions below:

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It makes sense to have paid off your debts and start saving sensibly before you consider investing. If you have debts (other than a mortgage), consider paying them off before you start investing.

The return on Investments can’t reliably be more than the interest you pay on debts, so by investing you could end up in worse shape than before. See our guide to Managing debt

It’s best if you hold off investing until you’ve enough money to cover emergencies.

Without enough cash savings, emergency expenses, such as replacing a broken washing machine or repairing your car, could lead to overdraft fees and interest on loans or credit cards. These costs could be more than you’d make from your investments.

An Individual Savings Account (ISA) is a tax efficient way to save or invest. You have to be a UK resident and aged 16 or over to have a cash ISA or 18 or over to invest in a Stocks & Shares ISA or a combination of both.

A Stocks & Shares ISA gives you a tax efficient way to invest, offering greater potential for growth but there is also a risk that your investment could fall in value.


  • Your £15,240 allowance is for the whole tax year – 6 April 2015 until 5 April 2016.
  • £15,240 is your total ISA allowance. It’s up to you to choose how you split your allowance between a cash ISA and Stocks & Shares ISA.

All investments involve some risk. Before investing, you should understand and be comfortable with the risks of each investment you plan to make.

As a rule of thumb, the more risk you take on, the higher the potential return. But there’s also a greater chance that you’ll lose some or all of the money originally invested. When thinking about how much risk you’re willing to take, keep some things in mind:


  • your current financial situation
  • how much you know about investing and how comfortable you are with it
  • whether your financial goals call for taking on more risk

Every investment market has its ups and downs. The longer you can keep your money invested, the lower the risk that you’ll potentially make a loss. You should consider only investing money that you can afford to set aside for the next 6 to 10 years.

With any investment, there’s a risk that you can lose some or all of the original amount you invested in addition to any growth or income that you may receive from your investment. It’s important to think about what this could mean to you. All losses – small or large – will impact your financial wellbeing.

To give you access to the funds, monitor market conditions and negotiate reduced charges and fees on your behalf, we need to charge you.

The cost break down and explanation of charges is shown in Rafidain Bank's Online Tariff of Charges. You should read this document before starting your application. Read and save our Online Tariff of Charges.

When you complete your investment application, Legal & General also create an IPS Cash Account for you. This cash account is used to pay your charges. Full details on this can be found in the IPS Terms & Conditions and your options on how to fund the cash account are given once you proceed into the application.

To apply for investment products through Rafidain Bank:

  • You must be aged 18 or over.
  • You must be resident in the United Kingdom.
  • The investment must not be used for business purposes.
  • You must be a solely UK resident for tax purposes and not a US citizen.

As you are investing without a personal recommendation from Rafidain Bank, you do not have access to the Financial Ombudsman Service with regards to the suitability of the investment that you choose.

There are some terms and conditions that you need to sign up to before you start investing. It's important that you read these so that you understand how the investing process works.
Read and save the Rafidain Bank Initial Disclosure Document
Read and save the Rafidain Bank Self-Directed Customer Agreement

Important information

This service is designed to provide you with information about investing and the funds available through the online service to help you make an informed decision. You have to decide if the service is right for you. If you are unsure you should seek financial advice.

Before you proceed with your application please check that all documents can be printed and/or saved, and that you can clearly read all information on the device you are using. Please be aware that if you are using a mobile device you may need to switch to a device with a larger screen to complete the application process.

To apply for an investment product with Rafidain Bank, please continue on a larger screen.

What would you like to do?

You have selected L&G Mixed Investments 0-35% Shares C Fund

I have a lump sum to invest or transfer

Click 'Apply now' to confirm your choice to invest a lump sum into a Stocks & Shares ISA product containing your chosen fund.

You can only open one Stocks & Shares ISA in a tax year.

When you click ‘Apply now’ we will pass you to Legal & General to purchase your chosen investment.

To apply you will need your:

  • Debit card, and,
  • National Insurance Number.

Please note, you can only make one lump sum investment today.
Once you've invested and received your registration details you can come back and manage your investments, this can take up to 5 working days.

Apply now

Click 'Apply now' to confirm your choice to invest a lump sum directly into a Unit Trust product containing your chosen fund.

When you click ‘Apply now’ we will pass you to Legal & General to purchase your chosen investment.

To apply you will need your:

  • Debit card.

Please note, you can only make one lump sum investment today.
Once you've invested and received your registration details you can come back and manage your investments, this can take up to 5 working days.

Apply now

Click 'Apply now' to confirm your choice to transfer your Cash or matured PEB ISA to your chosen fund.

When you click ‘Apply now’ we will pass you to Legal & General where you will need to read all relevant information relating to the ISA transfer.

To apply you will need:

  • Access to a printer to print an application and authority form
  • Your National Insurance Number
  • Details of your existing ISA

Please note: Before you proceed with your ISA transfer please check you are aware of any transfer or exit penalties (no charges apply to a matured PEB ISA).
Once you've invested and received your registration details you can come back and manage your investments, this can take up to 5 working days.

Apply now
I'd like to make regular payments

Click 'Apply now' to confirm your choice to invest regular payments into a Stocks & Shares ISA product containing your chosen fund.

You can only open one Stocks & Shares ISA in a tax year.

When you click ‘Apply now’ we will pass you to Legal & General where you will need to click the ‘Set up a regular payment’ option.
Please note that for regular payments you'll need to print and post an application form.

To apply you will need:

  • A Debit card,
  • your National Insurance Number,
  • access to a printer to print the application form.
Apply now

Click 'Apply now' to confirm your choice to invest regular payments directly into a Unit Trust product containing your chosen fund.

When you click ‘Apply now’ we will pass you to Legal & General where you will need to click the ‘Set up a regular payment’ option.
Please note that for regular payments you'll need to print and post an application form.

To apply you will need:

  • A Debit card,
  • access to a printer to print the application form.
Apply now