DIB SHAMS 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 523.95No annual fee for the first year; fee waived for subsequent years on a minimum annual spend of AED 30,000source

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

• Dining: 10 Wala'a rewards per AED 1 -- maximum 10,000 Wala'a rewards per month
• Travel (flight/hotel bookings): 10 Wala'a rewards per AED 1 -- maximum 15,000 Wala'a rewards per month
• International spends (non-AED): 3 Wala'a rewards per AED 1
• Domestic spends (AED): 2.5 Wala'a rewards per AED 1
• European Economic Area spend: 0.4 Wala'a rewards per AED 1
• Government, supermarkets/groceries, utilities, insurance, automobiles, education, fuel, real estate, telecom: 0.4 Wala'a rewards per AED 1
• Welcome bonus 1: up to 100,000 bonus Wala'a rewards (worth up to AED 500) for spending USD 10,000 within 90 days, new-to-card only
• Welcome bonus 2: 20% cashback at Amazon, Dubai Now, Deliveroo, Noon and Talabat for the first 3 months, maximum AED 20 per merchant per month, AED 360 total

Other benefits

• Complimentary access to over 1,200 airport lounges 8 times per year (Visa Airport Companion app); after the first visit each calendar year a USD 1 equivalent foreign-currency spend outside the UAE is required 15 days prior, else USD 32 per usage
• 2 complimentary airport transfers per annum
• 2 complimentary valet parking services per month
• Travel and medical coverage up to US$500,000, multi-trip, cardholder plus spouse and up to 5 children, trips up to 90 days
• Complimentary roadside assistance
• Buyer's protection and Visa Luxury Hotel Collection
• Balance transfer facility; up to 5 free supplementary cards

Before you apply

• Lifestyle benefits are complimentary only while minimum monthly spend of AED 5,000 is maintained; below that DIB bills the applicable fee per service used
• Profit at 3.69% a month is not automatically waived on full settlement -- only a discretionary rebate
• Annual fee of AED 523.95 applies from year 2 if annual spend is under AED 30,000
• Wala'a Rewards are not earned on: utility & government bills paid through DIB platforms, purchase of foreign currency or travellers' cheques, money orders, deposits, cryptocurrency purchases, pre-paid cards with cash access, wire transfers, account funding, charity
• Government, supermarkets/groceries, utilities, insurance, automobiles, education, fuel, real estate and telecom spend earns the lowest rate, not the headline rate

Can you get it?

Other conditions

DIB does not publish a minimum salary for the SHAMS range on the product page or the cards listing. 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”
• “*No annual fee for the first year and fee waived for subsequent years on a minimum annual spend of AED 30,000 -- DIB SHAMS Signature product page”
• “***The offers are complimentary subject to maintaining minimum monthly spends of AED 5,000 per month. If the spend criteria is not met, an applicable fee on the service provided will be billed to the card account subsequently. -- DIB SHAMS Signature product page”
• “Earn 10 Wala'a rewards for every AED 1 spent on travel / Maximum 15,000 Wala'a rewards per month -- DIB SHAMS Signature product page”
• “Airport lounge access: Enjoy complimentary access to over 1,200 airport lounges 8 times per year. -- DIB SHAMS Signature product page”

• Product page
• Schedule of charges
• Terms and conditions