Saadiq Platinum Ujrah

What makes this card Islamic

Standard Chartered Saadiq builds this card on a Ujrah contract. The bank charges you a fixed fee for the service of giving you a card, rather than a charge that grows with the money you owe.

A pure Ujrah card and the clearest example of the structure found in this research. It carried NO profit rate at all — the fee schedule records 'N/A' against both retail and cash transactions — and instead levied a flat Monthly Maintenance Fee of AED 800. The customer paid a fixed service fee for the use of the card rather than a rate on an outstanding balance.

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

What it costs

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

Annual fee

AED 750Primary card, first card(s).source

Supplementary card

AED 150First 4 regular supplementary cards free; AED 150 from the fifth onwards.source

Profit rate

Not publishedNo profit rate applied. The Service and Price Guide records 'Retail Transactions N/A' and 'Cash Transactions N/A' for this card, with a Monthly Maintenance Fee of AED 800 in its place.

Cash withdrawal

AED 125

Late payment

AED 299

Over limit

AED 250

Foreign currency spend

2.99% on top of the exchange rate

Replacement card

AED 150

Before you apply

• WITHDRAWN. https://www.sc.com/ae/credit-cards/saadiq-platinum-ujrah/ now 301-redirects to the general credit cards index (verified 2026-08-17); the card does not appear in Standard Chartered UAE's current range.
• The AED 800 monthly maintenance fee amounted to AED 9,600 a year on top of a AED 750 annual fee — a very high fixed cost that was independent of whether the card was used.
• Its AED 299 late payment fee sat above the AED 230 CBUAE cap (AED 241.50 with VAT), but the fee schedule carrying it is dated 2018 and predates the 2020 Consumer Protection Standards.

Can you get it?

Other conditions

No product page survives, so no eligibility criteria are published.

Where these figures come from

Last checked against Standard Chartered Saadiq’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.

• “ISSC has reviewed the following documents relating to SCB's Islamic Credit Cards Product based on Commodity Murabaha structure: 1. Master Murabaha Terms and Conditions 2. Master Agency Terms and Conditions 3. Credit Card Terms and Conditions — ISSC Pronouncement, 5 December 2021”
• “5. The proceeds will be kept by SCB in its internal non-profit bearing account and the Customer will be permitted to use the proceeds via credit card provided by SCB. — ISSC Pronouncement”
• “6. The Bank may extend a discretionary discount on profit and offers on the credit card based on various factors such as Balance Transfer or payment behavior or fixed payment plans. — ISSC Pronouncement”
• “ISSC hereby rules that the Islamic Credit Card offered by SCB - Saadiq is in accordance with the principles of Shariah and customers can take advantage of this facility, which relieves them from interest-based products. — ISSC Pronouncement”
• “No Profit rate (excluding for Cash Advances) will be levied in case 100% payment is made on or before the payment due date. — Service and Price Guide, SAADIQ CREDIT CARDS, Please note”
• “Foreign Transaction Charge Up to 2.99% of the transaction amount — Service and Price Guide, OTHER FEES AND CHARGES ACROSS SAADIQ CREDIT CARDS”
• “Card Replacement Fee 150 — Service and Price Guide, OTHER FEES AND CHARGES ACROSS SAADIQ CREDIT CARDS”
• “Payment due date from statement date 20 days — Service and Price Guide”
• “Minimum amount due 1% of the principal balance plus all fees and charges (profit rate, late payment fees etc) or AED 110, whichever is higher — Service and Price Guide”
• “Cash advance (% credit limit) (Limit decided at customer level) Up to 50% — Service and Price Guide”
• “Saadiq Platinum Ujrah (Mastercard) Charges (AED) Annual Fee Primary card First card(s) 750 — Service and Price Guide”
• “Profit rate (per month on all transactions) Calculated on average daily balance method from transaction date till repayment date Retail Transactions N/A Cash Transactions N/A — Service and Price Guide, Saadiq Platinum Ujrah”
• “Other fees & charges Monthly Maintenance Fee 800 Overlimit charge 250 Late payment charge (if minimum amount is not paid by payment due date) 299 Cash Advance Fee 125 — Service and Price Guide, Saadiq Platinum Ujrah”
• “Supplementary card(s) Regular supplementary card(s): First 4 cards Free Fifth card onwards 150 — Service and Price Guide”

• Schedule of charges