Aafaq Titanium Credit Card

What makes this card Islamic

aafaq Islamic Finance builds this card on a Murabahah contract. The bank buys the thing you want, then sells it to you at a stated cost plus a stated profit, payable later.

aafaq calls these 'Covered Cards'. Key Facts Statement, Shariah Structure section: "Our credit cards operate under a Shariah-compliant Murabaha structure. Murabaha constitutes a sales contract, after you possess and purchase the commodity, you have a choice to hold the commodity or to select redeeming them to generate liquidity. As per Wakala (agency certificate from you to aafaq) Aafaq Islamic Finance will calculate the profit (the net between the Murabaha and Wakala profits) on a daily basis until the full Wakala outstanding (card available balance) is covered." So the same Murabaha-plus-Wakala 'covered card' model as Sharjah Islamic Bank: the monthly profit rate is stated as applying to the UNPAID bill, and an AED 5 'Agency Fee (Murabaha Transaction)' is charged.

Approved by Internal Shari'ah Supervision Committee (ISSC), under the supervision of Central Bank of the UAE.

What it costs

Every figure below comes from aafaq Islamic Finance’s own published documents. Where the bank does not publish a number we say so rather than estimate it.

Annual fee

AED 200Reversed if the customer spends AED 5,000 within 12 months of card issuance.source

Supplementary card

AED 0Free on the Titanium card; the AED 100 supplementary fee from the 4th card onwards applies to the Platinum and World Elite cards only.source

Profit rate

3.99% a month on the outstanding balance47.88% a year as stated by the banksource

Cash withdrawal

AED 150 per transaction. Cash withdrawal limit is 90% of the card limit.

Late payment

AED 230Charged when the minimum amount due is not paid by the payment due date. Routed to a designated charity through aafaq on the cardholder's behalf under ISSC supervision, after deducting aafaq's actual collection expenses. Excludes 5% VAT.

Over limit

AED 260

Foreign currency spend

2.5% on top of the exchange rate

Replacement card

AED 75

Takaful cover

Credit Shield, optional, 1.04% per month of the current statement outstanding balance (VAT inclusive). Covers loss of life from any cause and permanent total disability.

What you get back

Other benefits

• 0% balance transfer for 12 months
• 0% profit rate easy payment plans
• Finance on Phone (convert available limit to cash)
• 20% discount at IMG Worlds of Adventure for the cardholder plus up to 4 family members
• 0% instalment plan with no processing fee at Kalyan Jewellers
• 0% instalment plan over 3 months at Lulu (minimum spend AED 500)
• 12% discount on food and beverage at 14 restaurants in Chinatown, Dubai Mall
• Mastercard Priceless offers

Before you apply

• 3.99% a month is 47.88% a year and aafaq states that APR itself in its Key Facts Statement — the highest headline profit rate found across the five institutions in this research set.
• The 2.5% non-AED transaction fee EXCLUDES scheme fees; the Key Facts Statement says Mastercard charges approximately a further 1.15% of every card transaction, so the real foreign-currency cost is around 3.65%.
• There is an over-limit fee of AED 260 — several UAE Islamic issuers have none.
• A security cheque from a UAE bank account may be required on card issuance and can be presented if payments fall overdue.
• All fees are quoted exclusive of 5% VAT.
• aafaq Islamic Finance is a finance company (P.S.C.), not a bank — it is licensed and regulated by the Central Bank of the UAE but does not take retail deposits in the way a bank does.
• No rewards, no cashback and no airport benefits — the aafaq rewards programme and the VOX, valet, transfer and lounge benefits are on the Platinum and World Elite cards only.
• The annual fee reversal is a one-off AED 5,000 spend in the first 12 months; from year 2 the fee is billed annually on renewal with no waiver condition stated.

Can you get it?

Minimum income

AED 5,000 a monthsource

Age

21 to 65

Other conditions

Key Facts Statement: 'Aafaq Titanium credit card monthly income range: AED 5,000 - AED 7,999.' Age 21-65. Self-employed: average minimum turnover AED 50,000 per month and minimum 2 years in business. Product page states 'AED 5000 Minimum Salary'.

What to have ready

• Application via Aafaq Digital App or branch
• Emirates ID
• Proof of income
• Trade licence and 2 years' business history for self-employed

Where these figures come from

Last checked against aafaq Islamic Finance’s published documents on 2026-08-17. Banks change fees without notice, so treat the bank’s own document as the final word, not this page.

• “Monthly Profit Rate 3.99% (Aafaq Titanium Card / Aafaq Platinum Card / World Elite Card) — Key Facts Statement (KFS) Covered Cards, Types of Covered Cards & Charges”
• “Annual Percentage Rate (APR) — Having no new transaction and with AED 2,000 credit balance with a 47.88% annual rate, with a minimum payment of 5% of the balance, or AED 100, whichever is greater, would take 40 months or approximately 3.5 years to pay off — aafaq Key Facts Statement”
• “Monthly fixed profit Rate 3.99% of the unpaid credit card bill — aafaq Key Facts Statement, Murabaha & Annual Percentage Rate (APR) Calculation”
• “Late Payment Fee2 230 / 230 / 230 — Note 2: Late Payment fee charged, will be donated to charity as per Internal Shari'ah Supervisory Committee (ISSC). — aafaq Key Facts Statement”
• “Late Payment Donation: … the cardholder card account will be charged an amount of AED 230 in relation to such due amount which shall be routed to the designated charity through Aafaq (on behalf of the cardholder) under the supervision of its ISSC after deducting of its actual collection expenses — aafaq Key Facts Statement, You Must Know”
• “Over Limit Fees 260 / 260 / 260 — aafaq Key Facts Statement”
• “Non-AED transaction Fee4 2.5% — 4This charge excludes scheme fees. Scheme fees refers approx. 1.15% of every card transaction charged by Mastercard. — aafaq Key Facts Statement”
• “Cash withdrawal limit 90% — Cash Withdrawal Fees (per Transaction) 150 — aafaq Key Facts Statement”
• “Payment Due Date (from the statement date) 24 Days — Maximum payment period 54 Days — Minimum Monthly Payment (of monthly balance) 5% (min. AED 100) — aafaq Key Facts Statement, Other Details”
• “Credit Shield 1.04% — On statement outstanding balance — aafaq Key Facts Statement”
• “Agency Fee (Murabaha Transaction) 5 — aafaq Key Facts Statement”
• “*5% VAT applicable on all fees and charges. — aafaq Key Facts Statement, Note”
• “Age: 21 years – 65 years. — aafaq Key Facts Statement, Eligibility”
• “1. If you fail to pay any amount, aafaq will keep calculating the profit (the net between the Murabaha and Wakala profits) until the total outstanding has been fully settled. — aafaq Key Facts Statement”
• “Aafaq Titanium credit card monthly income range: AED 5,000 - AED 7,999. — aafaq Key Facts Statement, Eligibility criteria for Credit Cards (Salaried)”
• “Annual Fees 200(1) — 1Annual fee on Titanium Credit Card will be billed after card activation in the first card statement and will be reversed if customer spends AED 5,000 within 12 months of card issuance. Thereafter the fee will be billed annually every year on card renewal. — aafaq Key Facts Statement”
• “Supplementary Card fee (4th Card onwards) 0 (Titanium) / 100 (Platinum) / 100 (World Elite) — aafaq Key Facts Statement”
• “AED 5000 Minimum Salary / 0% Profit Rate Easy Payment Plans / AED 210 Annual Fee — Aafaq Titanium Credit Card product page”
• “0% Balance Transfer for 12 months — Aafaq Titanium Credit Card product page”

• Product page
• Schedule of charges
• Terms and conditions