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Islamic Credit Cards
Countries:United Arab Emirates101Malaysia88Saudi Arabia111Pakistan8Indonesia10Qatar38All countries

United Arab Emirates · 3 cards

Mashreq Al Islami Islamic credit cards

Every Shariah-compliant card Mashreq Al Islami currently offers, with the contract behind each one and the fee schedule it came from.

Islamic window2 with no annual feeTawarruq

Who Mashreq Al Islami are

An Islamic window: a Shariah-compliant division inside a conventional bank.

Listed by the CBUAE both as 'Mashreq Bank P.S.C.' under Banks with Islamic Windows and separately as 'Mashreq Al Islami Finance Company PJSC' among licensed Islamic financing companies. Runs its own domain, mashreqalislami.com, mirroring the Mashreq site structure. All consumer cards use the Tawarruq model. It is the only issuer found so far that states its card profit rate as an annual percentage rather than a monthly one.

Legal name
Mashreq Al Islami, the Islamic Window of Mashreqbank PSC
Parent group
Mashreqbank PSC
Head office
Dubai, UAE
Regulator
Central Bank of the UAE
Shariah board
Internal Shari'ah Supervision Committee
mashreqalislami.com

All 3 Mashreq Al Islami Islamic credit cards

MAI Cashback Credit Card

Up to 5% cashback on dining, and free for life

Annual fee
No annual fee
Profit rate
46.2%
Minimum income
AED 5,000 a month
Structure
Tawarruq
Cashback

Full breakdown

MAI Emirati Solitaire Credit Card

Up to 5 Mashreq Vantage points per AED on international spend, at the lowest profit rate in the range

Annual fee
Not published
Profit rate
29.4%
Minimum income
Not published
Structure
Tawarruq
Reward points

Full breakdown

MAI Platinum Elite Credit Card

6 Mashreq Vantage points per AED of spend, with free worldwide lounge access

Annual fee
No annual fee
Profit rate
46.2%
Minimum income
Not published
Structure
Tawarruq
Reward points

Full breakdown

Other Islamic card issuers in United Arab Emirates

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