Mashreq Al Islami Cashback Credit Card review
The card returns 5% on international and local dining, 1% on international spend and up to 1% on other local spend, dropping to 0.15% on government payments, utilities, education, charity, fuel, rental and telecom. New cardholders also get 20% intro cashback for the first four months on Netflix, Talabat, Careem and more, with those boosted categories capped at AED 50 per merchant per month.
Built on a Tawarruq structure, profit is charged only if the balance is not cleared in full by the due date, and there is no minimum spend to earn. Cashback becomes redeemable at AED 100 and stays valid for up to 36 months, while extras include Card Protect Takaful cover plus DragonFly dining and Visa MENA offers.
Free for life with a AED 5,000 income requirement and a AED 500 welcome bonus, it is a strong faith-based choice for frequent diners, provided the thin 0.15% return on bills is acceptable.
Card details
| Bank | Mashreq |
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| Card type | Islamic |
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| Card network | unknown |
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| Minimum salary | AED 5,000 |
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| Annual fee | Free for life |
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| Fee waiver | Free for life for primary and supplementary cards. |
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| Interest (monthly) | 3.85% |
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| Reward type | Cashback |
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| Reward rate | Earn 5% on international and local dining; 1% on international spend; up to 1% on other local spend; 0.15% on government payments, utilities, education, charity, fuel, rental and telecom; and 20% intro cashback for the first 4 months on Netflix, Talabat, Careem and more.The card uses a Tawarruq structure, with profit charged only if the balance is not paid in full by the due date. No minimum spend is needed to earn cashback. Standard exclusions apply (cash advances, balance transfers, fees and bill payments via bank channels). The 20% introductory boosted categories are capped at a maximum of AED 50 per merchant per month. Cashback is redeemable once the accrued balance reaches a minimum of AED 100 and stays valid for up to 36 months from the date earned. Includes Card Protect Takaful cover plus DragonFly dining and Visa MENA offers. |
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| Welcome bonus | AED 500 for new customers or AED 100 for existing customers, on spending AED 5,000 or more within the first 2 months.New Mashreq credit card customers get AED 500; existing customers get AED 100 | Spend AED 5,000 within first 2 months of card issuance | Bonus credited by end of the third month following issuance | Primary cardholders only | Applies only to newly issued cards | No stated expiry (ongoing offer) |
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| Quick cash | Flash Cash is available. |
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| Instalment plan | An Easy Payment Plan is available. |
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Welcome bonus: AED 500 for new customers or AED 100 for existing customers, on spending AED 5,000 or more within the first 2 months.
Terms: New Mashreq credit card customers get AED 500; existing customers get AED 100 | Spend AED 5,000 within first 2 months of card issuance | Bonus credited by end of the third month following issuance | Primary cardholders only | Applies only to newly issued cards | No stated expiry (ongoing offer)
Mashreq Al Islami Cashback Credit Card benefits
✓Shari'ah-compliant and free for life
✓5% dining cashback
✓20% intro cashback on select subscriptions and delivery
✓Card Protect Takaful cover
Offers and payment options
Quick cashFlash Cash is available.
Instalment planAn Easy Payment Plan is available.
Mashreq Al Islami Cashback Credit Card fees & charges
| Annual percentage rate (APR) | 46.2% per annum retail and cash Tawarruq profit rate (VAT not applicable) |
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| Cash advance fee | AED 105 (VAT incl) |
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| Late payment fee | 241.50 |
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| Over-limit fee | 303.45 |
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| Foreign currency fee | 2.89% (plus Visa/Mastercard charges; VAT not applicable) |
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| Minimum payment | Minimum due per monthly statement (Islamic; % not stated in KFS) |
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| Card replacement fee | 78.80 |
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From the bank’s Key Facts Statement / Schedule of Charges. Some figures include and some exclude 5% VAT, a bank’s marketing page can differ from its Key Facts Statement, and fees change - always confirm with the bank before you apply.
Who should get this card?
This card suits customers who want a Sharia-compliant no-fee everyday cashback card.
What works well
- ✓No annual fee and Sharia-compliant
- ✓Strong dining cashback
- ✓Attractive intro cashback on subscriptions
What to weigh up
- −Very low 0.15% on bills and government spend
- −Intro boosted cashback capped at AED 50 per merchant per month
Mashreq Al Islami Cashback Credit Card eligibility
Minimum monthly income AED 5,000; UAE resident.
▤Emirates ID▤Passport/visa copy▤Salary certificate or bank statements
Mashreq Al Islami Cashback Credit Card FAQs
Minimum monthly income AED 5,000; UAE resident.
The card is listed as free for life with no annual fee. Confirm that this remains part of the final bank offer before applying.
Earn 5% on international and local dining; 1% on international spend; up to 1% on other local spend; 0.15% on government payments, utilities, education, charity, fuel, rental and telecom; and 20% intro cashback for the first 4 months on Netflix, Talabat, Careem and more.
This card suits customers who want a Sharia-compliant no-fee everyday cashback card.
Product details are indicative and compiled from each bank’s official pages and Key Facts Statements; figures can differ between a bank’s marketing page and its Key Facts Statement, and fees, rates and VAT treatment change. We are not affiliated with, or authorised by, any bank - always confirm current fees, eligibility, rewards and terms directly with the issuing bank before applying. This page does not constitute financial advice.
