Mashreq Al Islami Platinum Elite Credit Card review
The points scheme pays 5 points per AED on international spend and 3 points per AED on dining and supermarkets, including online, with 1 point per AED on other local purchases and 0.5 points per AED on government payments, utilities, education, charity, fuel, rental and telecom. The Tawarruq (commodity Murabaha) structure means no profit is charged when the full balance is settled by the due date.
On lifestyle, the card offers eight complimentary lounge visits a year across 1,000+ lounges (up to two per billing month), eight Fitness First visits per cycle, three complimentary limousine transfers a year and 50% off cinema tickets. Some benefits, including Fitness First and lounge access, require AED 7,000 in spend in the previous cycle.
With a AED 1,500 welcome bonus and a AED 650 plus VAT annual fee, it appeals to customers seeking a faith-based card with solid dining and supermarket rewards, though the unpublished minimum salary is worth checking before applying.
Card details
| Bank | Mashreq |
|---|
| Card type | Islamic |
|---|
| Card network | unknown |
|---|
| Minimum salary | AED 7,000 |
|---|
| Annual fee | AED 650 |
|---|
| Fee waiver | AED 650 plus 5% VAT on the primary card (AED 682.50 VAT-inclusive per the Key Facts Sheet); supplementary approximately AED 149 plus VAT (AED 156.45). |
|---|
| Interest (monthly) | 3.85% |
|---|
| Reward type | Mashreq Vantage points |
|---|
| Reward rate | Earn 5 points per AED on international spend; 3 points per AED on dining and supermarkets (including online); 1 point per AED on other local spend; and 0.5 points per AED on government payments, utilities, education, charity, fuel, rental and telecom.The card uses a Tawarruq (commodity Murabaha) structure, with no profit charged if the full balance is paid by the due date. Benefits such as Fitness First and lounge access require a minimum of AED 7,000 in spend in the previous billing cycle. Points are redeemable instantly via the Mashreq Mobile App or at partner merchants. Complimentary fraud protection cover is included, and cinema offers give 50% off (4 tickets a month at VOX, Reel or Novo; 8 a month at Cinepolis until 31 December 2026). |
|---|
| Welcome bonus | AED 1,500 for new customers or AED 200 for existing customers, on spending AED 5,000 or more within the first 2 months.New Mashreq credit card customers get AED 1,500; existing customers get AED 200 | 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) |
|---|
| Lounge access | 8 complimentary lounge visits per year (maximum 2 per billing month) across 1,000+ lounges worldwide. |
|---|
| Quick cash | Flash Cash is available. |
|---|
| Instalment plan | An Easy Payment Plan is available. |
|---|
Welcome bonus: AED 1,500 for new customers or AED 200 for existing customers, on spending AED 5,000 or more within the first 2 months.
Terms: New Mashreq credit card customers get AED 1,500; existing customers get AED 200 | 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 Platinum Elite Credit Card benefits
✓Shari'ah-compliant (Tawarruq)
✓5 points per AED international and 3 points per AED on dining and supermarkets
✓8 airport lounge visits a year
✓8 Fitness First visits per cycle
✓3 complimentary limousine transfers a year
✓50% off cinema
Offers and payment options
Quick cashFlash Cash is available.
Instalment planAn Easy Payment Plan is available.
Mashreq Al Islami Platinum Elite Credit Card fees & charges
| Annual percentage rate (APR) | 46.2% per annum retail and cash Tawarruq profit rate (VAT not applicable) |
|---|
| Cash advance fee | AED 105 (VAT incl) |
|---|
| Late payment fee | 241.50 |
|---|
| Over-limit fee | 303.45 |
|---|
| Foreign currency fee | 2.89% (plus Visa/Mastercard charges; VAT not applicable) |
|---|
| Minimum payment | Minimum due per monthly statement (Islamic; % not stated in KFS) |
|---|
| Card replacement fee | 78.80 |
|---|
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 is for customers who want a Sharia-compliant mid-premium rewards card with lounge access.
What works well
- ✓Sharia-compliant with strong points and lounge access
- ✓Good dining and supermarket earn rate
What to weigh up
- −Annual fee of AED 650 plus VAT
- −Several perks gated behind AED 7,000 monthly spend
- −Minimum salary not clearly published
Mashreq Al Islami Platinum Elite Credit Card eligibility
UAE resident; minimum salary is not published on the card page.
▤Emirates ID▤Passport/visa copy▤Salary certificate or bank statements
Mashreq Al Islami Platinum Elite Credit Card FAQs
UAE resident; minimum salary is not published on the card page.
The listed annual fee is AED 650. AED 650 plus 5% VAT on the primary card (AED 682.50 VAT-inclusive per the Key Facts Sheet); supplementary approximately AED 149 plus VAT (AED 156.45).
Earn 5 points per AED on international spend; 3 points per AED on dining and supermarkets (including online); 1 point per AED on other local spend; and 0.5 points per AED on government payments, utilities, education, charity, fuel, rental and telecom.
This card is for customers who want a Sharia-compliant mid-premium rewards card with lounge access.
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.
