RAKBANK Islamic World Credit Card Sharia-compliant
A Sharia-compliant credit card by RAKBANK Islamic earning up to 3.75 points/AED on dining, shopping, and international spend.
AED 787.50
Up to 3.75 pts/AED
AED 20,000
1.05%
This card also has a conventional version (RAKBANK World Credit Card).
Who Is This Card For?
Quick answer before the detailed explanation
Good fit if
You spend heavily on dining, shopping, and international transactions monthly.
Not ideal if
You prefer cashback rewards or spend mostly on domestic categories.
Watch out for
AED 787.50 annual fee waived only with AED 50,000 annual spend.
Calculate This Card’s Value
Earning Rates
3.75 pts/AED
Cap: Up to AED 37,500/mo
3.75 pts/AED
Cap: Up to AED 37,500/mo
3.75 pts/AED
Cap: Up to AED 312,500/mo
0.35 pts/AED
0.35 pts/AED
1.25 pts/AED
Cap: Up to AED 187,500/mo
Perks
Key Strengths and Weaknesses
Strengths
Earns 3.75 points/AED on dining, shopping, and international spend.
High monthly caps: AED 312,500 on international, AED 37,500 on dining and shopping.
Sharia-compliant structure for customers seeking Islamic finance products.
AED 750 welcome bonus after spending AED 7,500 in 60 days.
Watch out for
AED 787.50 annual fee requires AED 50,000 annual spend to waive.
AED 20,000 minimum salary restricts eligibility for many applicants.
Education and utilities earn only 0.35 points/AED with no cap.
Fees & Conditions
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Comparison fit72/100
Frequently Asked Questions
Is the annual fee worth it?
The AED 787.50 annual fee is waived if you spend AED 50,000 or more per year. If you cannot meet that threshold, the fee will reduce your net rewards, so calculate whether your points earning offsets the cost.
How does the welcome bonus work?
You receive AED 750 in value after spending AED 7,500 within the first 60 days of card membership. This bonus can help offset the annual fee in your first year.
What is the minimum salary to apply?
You need a minimum monthly salary of AED 20,000 to be eligible for this card.
Can I use this card abroad?
Yes, international spend earns 3.75 points/AED up to AED 312,500 monthly. The card carries a 1.05% foreign exchange markup, which is at the low scheme-fee level.
Does this card earn on school or university fees?
Yes, education spend earns 0.35 points/AED with no monthly cap. This rate is lower than the 3.75 points/AED on dining, shopping, and international spend.