Al Hilal Bank World Elite Mastercard

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

AED 2,625From year 2, waived subject to minimum spend of AED 150,000 in the previous year.source

Supplementary card

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

Profit rate

2.99% a month on the outstanding balanceSchedule of Fees: 'Murabaha Profit Rate 2.99%' — the lowest monthly rate Al Hilal publishes on any card. No annualised equivalent is published.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 78.75

What you get back

Other benefits

• Bonus Joud Reward Points (on the fee-paying version)
• VIP terminal access (on the fee-paying version)

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%.
• Legacy product: Al Hilal lists this on its 'Legacy Cards' page, so it is no longer offered to new applicants, although its fees remain in the current Schedule of Fees.
• At AED 2,625 a year it is by far the most expensive card in this research set, and the fee waiver needs AED 150,000 of annual spend.

Can you get it?

Other conditions

Listed by Al Hilal Bank under 'Legacy Cards', i.e. no longer sold to new customers, but still carried in the current Schedule of Fees (V3.7, June 2026). No minimum income published. 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 – 1st Year AED 2,625* | Annual Fee – 2nd Year Onwards AED 2,625** | * Product with no first year annual fee is available without Bonus Joud Reward Points & VIP Terminal access | ** Waived Subject to minimum spend of AED 150,000 in the previous year. — Al Hilal Bank Schedule of Fees V3.7, WORLD ELITE MASTERCARD”
• “Murabaha Profit Rate 2.99% — Al Hilal Bank Schedule of Fees V3.7, WORLD ELITE MASTERCARD”
• “Legacy Cards — World Elite Mastercard: The Al Hilal Bank World Elite™ Mastercard® credit card is your one-stop-shop... — Al Hilal Bank Legacy Cards page”

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