ruya Mastercard Cashback Credit Card

What makes this card Islamic

ruya Community Islamic Bank 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.

Key Facts Statement: "This product is based on the concept of a commodity Murabaha sale, whereby the bank would sale certain a Shari'ah compliant assets to you for the a known cost and profit margin (markup)." The customer then sells the same assets to a third party (a tawarruq), and the sale proceeds are deposited into a **Special Deposit Account run on a Wakala investment structure**, which is the card's cover. Monthly Murabaha profit instalments are debited from that account over a **15-year (180-month) term**, and are contractually due 'whether you utilize your Card Cover or not'. The Special Deposit Account earns the customer a monthly distributed profit and ruya may at its sole discretion grant a **rebate (ibra')**; the KFS states the net position as: [Murabaha Monthly Instalment (Profit)] - [Special Deposit account profit earned + Rebate granted]. Approved by ruya's Internal Shari'ah Supervision Committee.

Approved by Internal Shari'ah Supervision Committee, under the supervision of Central Bank of the UAE.

What it costs

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

Annual fee

AED 313.95Waived from the second year subject to annual spend of AED 30,000.source

Supplementary card

AED 0Freesource

Profit rate

3.5% a month on the outstanding balance42% a year as stated by the banksource

Cash withdrawal

3.15% of the cash withdrawal amount or AED 105, whichever is higher. ATM cash withdrawal limited to 70% of the card limit.

Late payment

AED 100'Commitment to Donate Amount' — billed only when the monthly minimum amount due is not received on its due date, on the bank's request and after notifying the customer. VAT is not applicable to it. Paid to a charity approved by the bank's Internal Shari'ah Supervision Committee after deducting actual collection and litigation expenses.

Foreign currency spend

3% on top of the exchange rate

Replacement card

AED 26.25

Takaful cover

Complimentary takaful cover offered by ruya at 0.317% per year of the card limit — the bank pays it, not the customer.

What you get back

• 2% cashback on every purchase, online or in store
• Government and utility transactions are excluded

Other benefits

• Fully digital application and onboarding through the ruya app — no paperwork, no branch visit
• Up to 55 days profit-free on retail transactions
• Free supplementary cards
• Complimentary takaful cover paid by the bank
• 5 business day cooling-off period

Before you apply

• The 2% is capped at AED 500 per billing cycle, so cashback stops earning after AED 25,000 of spend in a cycle.
• Government and utilities spend earns nothing.
• The annual fee from year 2 requires AED 30,000 of annual spend to avoid; otherwise AED 313.95.
• The foreign-exchange markup is 3%, and it also applies to AED transactions performed OUTSIDE the UAE, not just to foreign-currency ones.
• Cash withdrawal is limited to 70% of the card limit and costs 3.15% or AED 105, whichever is higher.
• The Murabaha contract runs for 15 years (180 months) and the monthly instalment is contractually due whether or not the card cover is used — it is only cancelled out by the Special Deposit Account profit plus a rebate that ruya grants 'at its sole discretion'.
• A digital security cheque for 120% of the approved amount is signed at the approval stage.
• You must be an existing ruya account holder to apply.

Can you get it?

Minimum income

AED 5,000 a monthsource

Age

21 and over

Other conditions

Requires an active ruya account (open one in the app if not already a customer). Minimum salary AED 5,000. Minimum age at application 21. Fully digital application via the ruya app, no branch visit. A digital security cheque for 120% of the approved financed amount is required at the approval stage, per CBUAE regulations.

What to have ready

• Valid passport
• Emirates ID
• Salary certificate or 3 months' payslips / salary transfer
• Last 3 months' bank statement (if required)
• Additional income details (if required)

Where these figures come from

Last checked against ruya Community 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.

• “Monthly Profit Rate (Fixed) / APR — 3.5% / 42% — ruya Key Facts Statement (KFS), Credit Card”
• “Murabaha Profit Rate — 3.5% on retail and cash transactions — Ruya Community Islamic Bank LLC Schedule of Fees, V6 April 2026, Credit Card section”
• “Annual Fees — Free for first year. Annual fee waiver from second year (subject to annual spend of AED 30,000. If spend is not met, annual fee of AED 313.95 will be charged). — ruya Schedule of Fees V6 April 2026”
• “Annual Fee Waiver from second year (subject to annual spend of AED 30,000. If spend is not met, Annual Fee of AED 299 will be charged) — ruya Key Facts Statement”
• “Commitment to Donate Amount** — AED 100 is billed only when we do not receive monthly minimum amount due from you, on its due date based on our request and after notifying you of the same. ** The Bank shall pay any such amounts on behalf of the customer to a charity approved by the Bank's Internal Shari'ah Supervision Committee, after deducting the actual collection and litigation expenses. — ruya Key Facts Statement”
• “ATM Cash Withdrawal Fee — 3.15% of cash withdrawal amount or AED 105 (whichever is higher). ATM Cash withdrawal limit allowed up to 70% of the card limit — ruya Schedule of Fees”
• “Foreign Currency Transactions and for transactions done in AED outside the UAE* — 3% of transaction value — ruya Schedule of Fees, Credit Card”
• “Takaful Coverage (Complimentary offered by ruya) — 0.317% per year of the card limit — ruya Schedule of Fees, Credit Card”
• “Minimum Monthly Amount Due — 5% of the remaining monthly utilized amount or minimum AED 100 — ruya Schedule of Fees”
• “Grace Period - Maximum Profit Free period for retail transactions — Upto 55 Days — ruya Schedule of Fees”
• “Supplementary Card Fee — Free — ruya Schedule of Fees, Credit Card”
• “Card Replacement Fee — AED 26.25 — ruya Schedule of Fees, Credit Card”
• “All fees and charges are inclusive of 5% VAT (with the exclusion of currency conversion charges). — ruya Schedule of Fees”
• “Earn 2% cashback on every purchase, whether online or in-store, all within a fully Shari'ah-compliant solution excluding government and utilities expenses. — ruya Mastercard Cashback Credit Card product page”
• “Maximum Cashback — AED 500 per billing cycle — ruya credit card page, FinancialProduct structured data”
• “Minimum salary is AED 5,000 — ruya credit card page, Eligibility Criteria”
• “Minimum age at time of application should be 21 years. — ruya credit card page, Eligibility Criteria”
• “This product is based on the concept of a commodity Murabaha sale, whereby the bank would sale certain a Shari'ah compliant assets to you for the a known cost and profit margin (markup). — ruya Key Facts Statement, Islamic Product Structure”
• “Monthly instalment amounts equal to the Murabaha monthly profit payable by you are debited from your Special Deposit Account monthly over a 15 years period (180 months). — ruya Key Facts Statement”
• “The deductions of the instalments mentioned above in points 1 and 2 occurs whether you utilize your Card Cover or not because these monthly instalments are contractually due from you to ruya. — ruya Key Facts Statement”
• “Ruya may, at its sole discretion, grant you a rebate … that may, along with the achieved profit of the special deposit account, result in waiving fully or partially the Murabaha Monthly Instalment (Profit). — ruya Key Facts Statement”
• “You shall be required to sign a digital security cheque during the application approval stage which shall be 120% of your approved financed amount as per CBUAE Regulations. — ruya Key Facts Statement, Collateral Requirements”

• Product page
• Schedule of charges
• Terms and conditions