FAB Emirati 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 (FAB ISSC pronouncement; T&C Condition 5.1). Monthly Credit Card Profit = Murabaha Monthly Payment minus Expected Wakala Return, further reducible only by 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 600AED 600 excluding VAT; AED 630 inclusive of VAT per the Key Facts Statement (October 2025).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

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

• Up to 15 FAB Islamic Rewards for each AED 1 spent at beauty and fragrance stores
• Up to 10 FAB Islamic Rewards for each AED 1 spent abroad or in selected non-UAE currencies
• 5 FAB Islamic Rewards for each AED 1 spent on all other spending in the UAE
• Selected categories earn 0.5 FAB Islamic Rewards per AED 1 spent

Other benefits

• Free access to over 1,200 airport lounges in more than 450 cities worldwide, with a guest 6 times a year
• Up to 5 free valet parking services a month across the UAE (Dubai Mall, Mall of the Emirates, Yas Mall, Al Qana, Dubai Hills Mall and others) - subject to a monthly spend target of AED 10,000
• Free access to gyms and padel courts (UFC Gyms, Champs, Just Padel) - subject to a monthly spend target of AED 10,000
• 25% off on 6thStreet.com / 6thStreet app
• Up to 20% discount at 150+ Emirati-preferred restaurants for the cardholder and up to 7 friends
• Up to 30% off top UAE attractions (Inside the Burj Al Arab tour, Wild Wadi, The Green Planet, Dubai Parks and Resorts, The View At The Palm, KidZania, Dubai Aquarium, The Storm Coaster, Zabeel Sports District)
• 2 free airport transfers a year with Careem (excludes Hala Taxi)
• Up to 20% off Halalbooking.com with automatic Diamond level enrolment; international Halal dining discounts

Before you apply

• UAE nationals only - expatriates are not eligible.
• Highest annual fee of the non-airline FAB Islamic cards at AED 600 excl. VAT.
• The two most-promoted lifestyle benefits (valet, gym/padel) both require AED 10,000 monthly spend.
• Card tier (World / World Elite) is not stated anywhere on the product page or in the schedule of charges.

Can you get it?

Minimum income

AED 15,000 a monthsource

Other conditions

Exclusively for UAE nationals. Minimum monthly salary AED 15,000. Two headline lifestyle benefits (free valet parking, free gym and padel access) are additionally subject to a monthly spend target of AED 10,000.

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.

• “FAB Emirati Islamic Credit Card - Annual Fees: AED 600 / Supplementary Annual Fee: Free / (Excluding VAT) - FAB Islamic Credit Cards Schedule of Fees and Charges, October 2025”
• “FAB Emirati Islamic Credit Card ... AED 630 ... NIL - FAB Islamic Credit Cards Key Facts Statement, annual fee table (inclusive of VAT)”
• “AED 15,000 Minimum Salary / AED 600 Annual Fee / up to 15 per AED spent FAB Rewards - product page hero”
• “Exclusively for UAE nationals. - product page”
• “FAB Islamic Rewards earning is capped at 500,000 FAB Islamic Rewards per month. - product page”
• “You're all set with the convenience of up to 5 free valet services a month across the UAE including Mall of the Emirates, City Walk, Dubai Mall, Yas Mall, Al Qana, Dubai Hills Mall and many more locations. Subject to a monthly spend target of AED 10,000. - product page”
• “Get free access to over 1,200 airport lounges in more than 450 cities worldwide. Bring along a guest 6 times a year. - product page”

• Product page
• Schedule of charges
• Terms and conditions