The Emirates Skywards DIB Signature Covered Card

What makes this card Islamic

Dubai Islamic Bank builds this card on a Salam contract. You sell the bank a quantity of goods to be delivered in future, the bank pays you the whole price today, and that advance payment is what you spend on the card.

DIB calls these 'Covered Cards', not credit cards. The Key Facts Statement states the Sharia Structure is Salam: 'These Covered Cards are based on the Sharia principle of Salam whereby the Customer will sell certain quantity of described commodities to the Bank to be delivered in future against advance payment of sale price by the Bank to the Customer. The Customer shall authorize the Bank to deposit the sale price of Salam (payable by the Bank to the Customer) in the Investment Wakala account of the Customer held with the Bank and the Customer can use the balance for purchase of goods or cash withdrawal.' The bank's charge is the 'Monthly Rate for Salam Delivery' of 3.69%, applied to the full covered-card limit; the customer is credited Wakala Profit at the same rate on the UNUTILISED limit, so the net monthly cost approximates 3.69% of the amount actually used. A 'Discretionary Rebate' MAY be given if the Total Due is settled by the Due Date -- the KFS wording is discretionary, not an automatic waiver.

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 Dubai Islamic Bank’s own published documents. Where the bank does not publish a number we say so rather than estimate it.

Annual fee

AED 1,575KFS/Schedule of Charges: Annual Fee AED 1,575 in year 1, Renewal Fee AED 735 from year 2 onwards (VAT inclusive). Product page tile shows AED 1,500 excluding VAT.source

Supplementary card

AED 0Annual Fee for Supplementary Cards: Free (DIB Covered Cards KFS, p.9). Up to 5 supplementary cards.source

Profit rate

3.69% a month on the outstanding balanceDIB states this as a 'Monthly Rate for Salam Delivery' of 3.69%, charged on the covered card limit, offset by Wakala Profit at the same rate on the unutilised limit. DIB does not publish an annualised (APR-equivalent) figure on the Key Facts Statement, Schedule of Charges or product pages.source

Cash withdrawal

AED 94.50 per transaction (VAT inclusive). DIB states: 'Effective 21 August 2026, a fee of 3.15% of the transaction amount shall apply.' A separate AED 26.25 Visa/Mastercard international withdrawal fee applies at non-DIB ATMs abroad.

Late payment

AED 236.25

Foreign currency spend

3.7% on top of the exchange rate

Replacement card

AED 52.50

Takaful cover

Optional Credit Shield Takaful at 0.94% of the card outstanding per month; cover of AED 30,000 for involuntary loss of employment, AED 200,000 permanent total disability, AED 200,000 death (DIB Covered Cards KFS, p.8).

What you get back

• Emirates spends: 1.5 Skywards Miles per equivalent USD
• Foreign currency spends: up to 1 Mile per equivalent USD
• Local currency spends: up to 0.75 Mile per equivalent USD
• Government, supermarkets/groceries, utilities, insurance, automobiles, education, fuel, real estate, telecom and transport: 0.2 Mile per USD
• European Economic Area spend: 0.5 Mile per USD
• Joining bonus: 15,000 Miles on card activation
• Balance transfer bonus: 15,000 Miles on a minimum balance transfer of AED 30,000 maintained for 6 months

Other benefits

• Complimentary access to over 1,200 airport lounges 8 times per year (Visa Airport Companion app), with the same USD 1 foreign-spend condition or USD 32 per usage
• 2 complimentary airport transfers between Dubai International Terminal 3 and Abu Dhabi
• 0% Easy Payment Plan on Emirates tickets bought on emirates.com
• Travel and medical coverage up to US$500,000, multi-trip, cardholder plus spouse and up to 5 children
• International concierge services; Visa Luxury Hotel Collection
• Complimentary valet parking; roadside assistance; balance transfer facility

Before you apply

• AED 1,575 in year 1, AED 735 a year after, with no published spend waiver
• Airport transfers require an Emirates ticket bought on the card within 6 months AND minimum monthly spend of AED 5,000; up to AED 335 (excluding VAT) is charged if the monthly spend criteria is not met
• Everyday categories earn 0.2 Mile per USD
• No Skywards Silver membership on this tier (Infinite only)
• Profit at 3.69% a month is not automatically waived on full settlement -- only a discretionary rebate
• Skywards Miles are not earned on: utility & government bills paid through DIB platforms, foreign currency or travellers' cheques, money orders, deposits, cryptocurrency purchases, pre-paid cards with cash access, wire transfers, account funding, charity
• No online 'Apply Now' route on the product page as at 2026-08-17 -- only Request Callback and Find a branch, unlike every SHAMS, Prime and Consumer card

Can you get it?

Minimum income

AED 15,000 a monthsource

Other conditions

Product page states a minimum salary of AED 15,000. Salary transfer requirement not stated.

Where these figures come from

Last checked against Dubai Islamic 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.

• “Salam Based Covered Card: These Covered Cards are based on the Sharia principle of Salam whereby the Customer will sell certain quantity of described commodities to the Bank to be delivered in future against advance payment of sale price by the Bank to the Customer. -- DIB Covered Cards Key Facts Statement (Aug 2025), p.1”
• “Sharia Structure: Salam | Monthly Rate for Salam Delivery: 3.69% -- DIB Covered Cards Key Facts Statement (Aug 2025), pricing grid p.9”
• “A. The difference between the sale price paid by the Bank to the Cardholder and the sale price DIB sells the commodities to the third party is considered as Bank's profit. The Cardholders will pay this difference on a monthly basis at the Rate mentioned in the Salam Contract B. Wakala Profit will be given to customer on the unutilized credit limit amount. C. Discretionary Rebate may be given to Cardholder if he settles his Total Due by the Due Date -- DIB Covered Cards KFS, 'Profit Calculation', p.3”
• “Example: Covered Card Limit - AED 10,000; Monthly Sale price difference (@ 3.69%) - AED 369; Retail Card Usage in a month - AED 5,000; Wakala Profit (@ 3.69%) - AED 184.50; Payment Made (Min. Due) - AED 150; Discretionary Rebate - AED 5.54; Customer effectively pays >> AED 369 - AED 184.50 - AED 5.54 = AED 178.96 -- DIB Covered Cards KFS, p.3”
• “Cardholder is liable to pay Minimum Amount Due by the Payment Due Date every month and in the event of Cardholder's failure to pay the Minimum Amount Due in any given month the Cardholder donates an amount of AED 236.25 in relation to such Due Amount which shall be routed to the designated charity through the Bank (on behalf of the Cardholder) under the supervision of its ISSC after deducting of its actual collection expenses (attributable to the subject transaction) as per the approved policy by the Bank's ISSC. -- DIB Covered Cards KFS, 'Late Payment Donation', p.3”
• “Cash Withdrawal Fee: AED 94.50 Per transaction. Effective 21 August 2026, a fee of 3.15% of the transaction amount shall apply -- DIB Covered Cards KFS, pricing grid p.9”
• “International Usage Fee (non-AED): 3.70% of transaction amount | International Usage Fee (AED): 3.14% of transaction amount -- DIB Covered Cards KFS, pricing grid p.9”
• “Credit Shield Takaful Contribution: 0.94% of the Outstanding Amount -- DIB Covered Cards KFS, pricing grid p.9”
• “Warning: If you only pay the Minimum Payment every month, your Covered Card Charges will keep increasing and it will take you longer to pay off the outstanding balance on your covered card -- DIB Covered Cards KFS, p.4”
• “AED 15,000 / Minimum Salary -- DIB Emirates Skywards Signature product page (product highlight tile)”
• “AED 1,500 / Annual Fee -- DIB Emirates Skywards Signature product page (tile; AED 1,575 including VAT per the KFS)”
• “Emirates spends 1.5 Miles / Foreign currency spends Up to 1 Mile / Local currency spends Up to 0.75 Mile -- DIB Emirates Skywards Signature product page”
• “You will earn 0.2 Mile per USD spend done on government, supermarkets/groceries, utilities, insurance, automobiles, education, fuel, real estate, telecom and transport. -- DIB Emirates Skywards Signature product page”
• “The benefit is complimentary subject to the purchase of an Emirates Airline ticket using the Emirates Skywards DIB Signature card within 6 months prior to availing the airport transfer benefit and maintaining minimum monthly spends of AED 5,000 -- DIB Emirates Skywards Signature product page”

• Product page
• Schedule of charges
• Terms and conditions