Mastercard Platinum Credit Card

What makes this card Islamic

Al Hilal Bank builds this card on a Tawarruq contract. The bank sells you a commodity on credit at a marked-up price, you sell that commodity to somebody else for cash, and the cash becomes your spending limit.

Al Hilal Bank's Internal Shariah Supervision Committee issues a 'Shariah Compliance Certificate … For “Covered Credit Card” Based on Tawarruq'. The bank sells a commodity to the customer under a Master Murabaha Agreement, the commodity is sold on spot to a third party for the customer's benefit, and the sale proceeds are deposited into a **special saving account** as security. The customer may use those proceeds only through the credit card. If the balance is not used, the bank invests it and at period end **sets off the Murabaha profit the customer owes against the Mudaraba profit the bank owes on the special saving account**; the bank then, at its sole discretion, waives its right to any excess Murabaha profit and credits any excess Mudaraba profit to the customer.

Approved by Internal Shariah Supervision Committee, under the supervision of Central Bank of the UAE (and the Securities and Commodities Authority under licence 601035, for promotion activity).

What it costs

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

Annual fee

Free for lifeFree for lifesource

Supplementary card

AED 105Up to 3 supplementary cards free; AED 105 from the 4th card onwards.source

Profit rate

3.69% a month on the outstanding balance3.25% per month on retail and cash balances for cards issued on or prior to 31 December 2023; 3.69% per month for cards issued from 1 January 2024. 3.69% recorded as the current rate.source

Cash withdrawal

3.15%. Cash withdrawal limit 60% of the card limit.

Late payment

AED 100'Commitment To Donate Amount', donated to charity under ISSC supervision. Not charged if the minimum amount due is paid by the payment due date. VAT inclusive.

Over limit

AED 0

Foreign currency spend

3.14% on top of the exchange rate

Replacement card

AED 26.25

Before you apply

• Al Hilal prices new customers higher than existing ones on the same card: 3.25% a month for cards issued on or before 31 December 2023 and 3.69% a month for cards issued from 1 January 2024.
• The profit-free period is discretionary: the Schedule of Fees says no Murabaha profit is levied on a full settlement 'at the bank's sole discretion'.
• The 3.14% exchange markup also applies to AED transactions performed OUTSIDE the UAE, not just foreign-currency ones.
• Cash withdrawal is limited to 60% of the card limit and costs 3.15%.
• No product page exists for this card on Al Hilal Bank's website — it survives only in the Schedule of Fees (V3.7, June 2026). Whether it is open to new applicants is unknown.

Can you get it?

Other conditions

This card appears ONLY in Al Hilal Bank's Schedule of Fees. It has no product page and is on neither the Credit Cards nor the Legacy Cards page. Minimum amount due 5% of statement balance or AED 100, whichever is higher. 25 days from statement date to payment due date. Maximum profit-free period up to 55 days on retail transactions only. Cash withdrawal limit 60% of the card limit.

Where these figures come from

Last checked against Al Hilal Bank’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.

• “SHARIAH COMPLIANCE CERTIFICATE issued by the Internal Shariah Supervision Committee of Al Hilal Bank For “Covered Credit Card” Based on Tawarruq — Al Hilal Bank credit card Shariah certificate”
• “The bank will set off the Murabaha profit that the customer is supposed to pay to the bank under the Commodity Murabaha and the Mudaraba profit of the special saving account the bank is supposed to pay to the customer. The bank - based on its sole discretion - will waive its right to the excess Murabaha profit if any — Al Hilal Bank credit card Shariah certificate, item 9”
• “No Murabaha profit on retail transactions will be levied if 100% of statement balance is paid in full on or before the payment due date at the bank's sole discretion. — Al Hilal Bank Schedule of Fees V3.7 June 2026”
• “Commitment To Donate amount collected will be donated on your behalf to charity under the supervision of the bank's Internal Shariah Supervision Committee. — Al Hilal Bank Schedule of Fees V3.7 June 2026”
• “No Commitment To Donate Amount will be charged if the minimum amount due is paid on or before the payment due date. — Al Hilal Bank Schedule of Fees V3.7 June 2026”
• “Murabaha Profit will be applicable from the date of transaction till the amount is paid in full. — Al Hilal Bank Schedule of Fees V3.7 June 2026”
• “All Charges are inclusive of VAT — Al Hilal Bank Schedule of Fees V3.7 June 2026”
• “Annual fee (Primary Card) Free for Life | Murabaha Profit Rate - Retail Transactions (Fixed Rate) (for the Card issued on or prior to Dec 31, 2023) 3.25% per Month on Retail Balance | (for the Card issued from Jan 1, 2024) 3.69% per Month on Retail Balances — Al Hilal Bank Schedule of Fees V3.7, MASTERCARD PLATINUM CREDIT CARD”
• “Card Replacement/Re-issuance AED 26.25 — Al Hilal Bank Schedule of Fees V3.7, MASTERCARD PLATINUM CREDIT CARD”

• Schedule of charges
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