RAKislamic World Credit Card

Yes. It operates on a Commodity Murabaha structure through RAKislamic.

Points are valid for 36 months from the date earned and are automatically forfeited if unredeemed.

Apply digitally between 20 July and 15 September 2026 and spend AED 10,000 within 60 days of card issuance. The bonus is credited within 90 days of the promotion's end.

RAKBANK's Key Fact Statement says there are no annual fees at all, which is how it's shown on this card. But RAKBANK's own product page separately lists an AED 750 fee starting in year two, waivable if you spend AED 50,000 or more in the prior year. This is an unresolved conflict between RAKBANK's own documents, so confirm the fee directly with RAKBANK before applying. The joining fee is free under either version.

You need a minimum monthly salary of AED 20,000 and to be at least 21 years old. Self-employed applicants must show AED 500,000 in quarterly credit turnover per the Key Fact Statement (the product page cites only this turnover figure, not the KFS's alternative AED 150,000 average quarterly balance option). A security cheque equal to your approved credit limit is required at issuance, and there's a 5-business-day cooling-off period to cancel after signing.

Domestic spend earns 1.25 points per AED, rising to 2.5 at AED 15,000+ monthly spend and 3.75 at AED 30,000+, capped at 187,500 points a month. International spend earns 3.75-6.25 points per AED on the same tiers, capped at 312,500 points a month. Dining, electronics, fashion, online and fitness/beauty spend earn 3.75-6.25 points per AED once category spend hits AED 10,000+, while bills, telecom, fuel, government and similar categories earn a flat 0.35 points per AED.