In 1995 the Israeli Postal Authority issued a commemorative Rabin stamp.
In 1996 Israeli songwriter Naomi Shemer translated Walt Whitman's poem "O Captain! My Captain!" to Hebrew and wrote music for it to mark the anniversary of Rabin's assassination. The song is since commonly performed or played in Yitzhak Rabin memorial day services.
The Yitzhak Rabin Centre was founded in 1997 by an act of the Knesset, to create "[a] Memorial Centre for Perpetuating the Memory of Yitzhak Rabin." It carries out extensive commemorative and educational activities emphasising the ways and means of democracy and peace.
Mechinat Rabin, an Israeli pre-army preparatory program for training recent high school graduates in leadership prior to their IDF service, was established in 1998.
In 2005 Rabin received the Dr.Rainer Hildebrandt Human Rights Award endowed by Alexandra Hildebrandt. The award is given annually in recognition of extraordinary, non-violent commitment to human rights.