Blue FAB Islamic Credit Card

What makes this card Islamic

FAB Islamic 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.

Commodity Murabaha / Tawarruq with an internal Wakalah investment account, per the FAB ISSC pronouncement and the FAB Islamic Credit Card Terms & Conditions (Condition 5.1: 'The Card shall be provided to the Customer on the basis of commodity Murabaha and Wakalah structures'). Monthly Credit Card Profit = Murabaha Monthly Payment minus Expected Wakala Return; any further reduction is a discretionary Bonus/Rebate.

Approved by FAB Internal Shariah Supervision Committee (ISSC), under the supervision of Central Bank of the UAE.

What it costs

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

Annual fee

AED 300No annual fee for the first year; waiver continues each year if you spend AED 36,000 or more every year.source

Supplementary card

AED 0Supplementary Annual Fee: Free (NIL)source

Profit rate

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

Cash withdrawal

3.15% of the amount of cash obtained with a minimum of AED 105 per transaction. Zero cash advance fee on transactions in the Kingdom of Saudi Arabia.

Late payment

AED 241.50

Foreign currency spend

2.61% on top of the exchange rate

Replacement card

AED 78.75

Takaful cover

Takaful Credit Shield Plus Fee (optional): 1.04% of outstanding balance. Takaful Wallet Shield Fee: 0.42% of outstanding balance per month. Accident Takaful Fee: 0.26% of outstanding balance per month or AED 31.50, whichever is higher.

What you get back

• 10% cashback as Al-Futtaim FAB Rewards for every AED 1 spent at Al-Futtaim retail brands
• Up to 4% cashback in Al-Futtaim FAB Rewards for every AED 1 spent at other Al-Futtaim brands including auto, real estate and schools
• Up to 1.5% cashback in Al-Futtaim FAB Rewards for every AED 1 spent on domestic and international purchases
• 0.15% cashback in Blue Rewards on supermarkets, fuel stations, education and government services, fast food restaurants and transportation

Other benefits

• 12 complimentary lounge visits a year across 1,300+ global lounges (Visa Airport Companion), after completing one international transaction
• Zero FOREX fee and zero cash advance fee on transactions in the Kingdom of Saudi Arabia
• 24/7 Visa Travel Concierge Service
• Up to 40% off green fees at prestigious golf courses via SpikesOn
• 2 discounted airport transfers a year from AED 40 (within-city service)
• International Medical and Travel Assistance; Buyers Protection and 12-month Extended Warranty
• Blue app add-ons: instant 1% cashback in Blue Points at participating brands, 2% on Blue Wallet top-ups, 5,000 Blue Points (worth AED 50) for linking the card

Before you apply

• Rewards are Al-Futtaim FAB Rewards, an ecosystem currency, not open cash - the headline 10% is only at Al-Futtaim retail brands.
• Everyday categories (supermarkets, fuel, education, government, fast food, transport) earn only 0.15%.
• The annual fee returns unless you spend AED 36,000 or more a year.
• High entry bar at AED 15,000 minimum monthly salary.

Can you get it?

Minimum income

AED 15,000 a monthsource

Other conditions

Minimum monthly salary AED 15,000. Salary transfer requirement not stated on the product page.

Where these figures come from

Last checked against FAB Islamic’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.

• “AED 15,000 Minimum Monthly Salary / AED 300* Annual Fee *There's no annual fee for the first year, and you can continue to enjoy this benefit if you spend AED 36,000 or more every year. - product page hero”
• “Get 10% cashback as Al-Futtaim FAB Rewards for every AED 1 spent at Al-Futtaim retail brands. - product page”
• “Al-Futtaim FAB Rewards subject to monthly limits (whichever is lower): 600,000 total Al-Futtaim FAB Rewards cap (AED 3,000 per month) OR on spending up to credit limit. - product page”
• “You'll get 0.15% cashback in Blue Rewards on spending at supermarkets, fuel stations, on education and government services, fast food restaurants and transportation. - product page”
• “Zero FOREX fee and cash advance fee on transactions in the Kingdom of Saudi Arabia. - product page”
• “You can enjoy 12 complimentary lounge visits across 1,300+ global lounges annually after completing one international transaction. - product page”
• “Blue Islamic Credit Card - Annual Fees: AED 300 / Supplementary Annual Fee: Free / (Excluding VAT) - FAB Islamic Credit Cards Schedule of Fees and Charges, October 2025”
• “The Card shall be provided to the Customer on the basis of commodity Murabaha and Wakalah structures. - FAB Islamic Credit Card Terms & Conditions, Condition 5.1”

• Product page
• Schedule of charges
• Terms and conditions