Mashreq Al Islami Cashback Islamic Credit Card Sharia-compliant
A Sharia-compliant cashback credit card by Mashreq Al Islami with 5% cashback on dining and 1% on international spend.
Free
5% dining
AED 5,000
3.14%
This card also has a conventional version (Mashreq Cashback Credit Card).
Who Is This Card For?
Quick answer before the detailed explanation
Good fit if
You spend AED 2,000 or more monthly on dining and want Sharia-compliant rewards.
Not ideal if
You spend mainly on groceries, petrol, or online shopping with little dining.
Watch out for
3.14% FX markup reduces net value on international spend despite 1% cashback.
Calculate This Card’s Value
Earning Rates
5%
1%
1%
0.15%
0.15%
Perks
Key Strengths and Weaknesses
Strengths
5% cashback on dining with no monthly cap or minimum spend.
No annual fee, making it cost-free for Sharia-compliant cashback.
AED 500 welcome bonus for new customers after AED 5,000 spend.
Cinema buy-one-get-one and Entertainer perks add lifestyle value.
Watch out for
Only 0.15% cashback on utilities and education, very low return.
3.14% FX markup reduces net benefit on international transactions.
Minimum salary of AED 5,000 required for eligibility.
Fees & Conditions
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Frequently Asked Questions
Is there an annual fee for this card?
No, the Mashreq Al Islami Cashback Islamic Credit Card has no annual fee, so you keep all your cashback without any cost.
How much cashback do I earn on dining?
You earn 5% cashback on all dining purchases with no cap. For example, AED 2,000 in dining spend earns you AED 100 cashback each month.
What is the welcome bonus and how do I get it?
New credit card customers receive AED 500 cashback after spending AED 5,000 within the first 60 days. Existing Mashreq customers receive AED 100.
Can I use this card abroad?
Yes, you earn 1% cashback on international spend. However, a 3.14% foreign exchange markup applies, so your net benefit is lower on foreign currency transactions.
Does this card earn cashback on school or university fees?
Yes, but only 0.15% cashback on education spend, which is very low. This card is best for dining, not education expenses.