Ajman Bank Ultracash Islamic Credit Card Sharia-compliant
A Sharia-compliant credit card by Ajman Bank offering valet parking, lounge access, and AED 300 welcome cashback.
AED 315.00
AED 10,000
4.82%
Who Is This Card For?
Quick answer before the detailed explanation
Good fit if
You want a Sharia-compliant card with valet parking and lounge access perks.
Not ideal if
You want to earn cashback, points, or miles on your monthly spending.
Watch out for
No ongoing earn rates on any spending category, so no rewards accumulation.
Calculate This Card’s Value
Perks
Key Strengths and Weaknesses
Strengths
AED 300 welcome cashback after your first transaction within 30 days.
Valet parking and lounge access included as lifestyle perks.
Annual fee waived with AED 12,000 spend per year.
Sharia-compliant structure for customers seeking Islamic banking products.
Watch out for
No cashback, points, or miles earned on any spending category.
AED 315 annual fee applies if you do not meet waiver threshold.
Minimum salary requirement of AED 10,000 to qualify.
Fees & Conditions
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Frequently Asked Questions
Does the Ajman Bank Ultracash Islamic Credit Card earn cashback or rewards?
No, this card does not offer cashback, points, or miles on any spending. Its value comes from the AED 300 welcome bonus and lifestyle perks like valet parking and lounge access.
How does the AED 300 welcome bonus work?
You receive AED 300 cashback after making your first transaction within 30 days of card approval.
Can I waive the annual fee?
Yes, the AED 315 annual fee is waived if you spend AED 12,000 or more per year on the card.
What is the minimum salary to apply for this card?
You need a minimum monthly salary of AED 10,000 to be eligible for the Ajman Bank Ultracash Islamic Credit Card.
Is this card suitable for international travel?
The card includes lounge access, which can be useful for travel, but it carries a 4.82% foreign exchange markup on international transactions and does not earn travel rewards.