Mawarid Falak Tayyeb World Credit Card review
Rewards mirror the wider Falak Tayyeb range, with up to 10% cashback on grocery, dining and fuel and 2% on other eligible spend, subject to monthly caps of AED 500 grocery, AED 500 dining and AED 200 fuel and an overall AED 3,500 monthly limit. The top rates are campaign-based, enrolment is automatic, and categories such as utilities, rent and government payments are excluded. Loyalty Points convert to cash credited back to the card.
The card retains meaningful travel value, including complimentary lounge access via Mastercard Travel Pass, valet parking, travel and medical insurance, and discounts across Booking.com, IHG, Trip.com and car rental partners, plus cash withdrawal up to 90% of the credit limit under Qard Hasan. It is positioned for frequently travelling professionals with families.
As a Murabaha-based Islamic card it offers a rebate on early settlement, balanced against an AED 525 fee unless AED 30,000 is spent annually, a 3.10% monthly profit rate of about 37.72% APR, and a 3% foreign currency fee.
Card details
| Bank | Mawarid Finance |
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| Card type | Travel |
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| Card network | Mastercard |
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| Minimum salary | AED 15,000 |
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| Annual fee | AED 525 |
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| Fee waiver | The AED 525 annual fee is waived when a minimum spend of AED 30,000 is met in a year; all fees exclude VAT (+VAT). |
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| Interest (monthly) | 3.10% |
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| Reward type | Cashback (Falak Tayyeb Loyalty Points) |
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| Reward rate | Earn up to 10% cashback on Grocery, Dining and Fuel and 2% cashback on all other eligible local and international retail spend.Enrolment is automatic and the card must stay in good standing, meaning not cancelled and with no past-due balance. Earning excludes monthly profit, fees, balance transfers, Easy Payment Plan-converted transactions, cash withdrawals, government payments, utilities, charity, rent, telecom, quasi-cash, money transfers, gambling, insurance and real estate rentals. The 10% category rates shown on the official loyalty page apply within promotional transaction periods such as a summer campaign, so headline rates may be campaign-based. Monthly caps of AED 500 Grocery, AED 500 Dining and AED 200 Fuel, with a total maximum cashback of AED 3,500 per month. Loyalty Points are redeemable for cash credited directly to the Falak Tayyeb card account, and the rewards portal also offers travel, shopping and voucher redemption. Points expiry is not disclosed, and points are redeemable only while the card is operating and current with no past dues. |
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| Lounge access | Complimentary airport lounge access via Mastercard Travel Pass. |
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| Quick cash | An Easy Cash facility is available at up to 2.50% per month, with cash withdrawal up to 90% of the credit limit under Qard Hasan (AED 105 per withdrawal transaction per AED 5,000). |
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| Balance transfer | Balance transfer is available up to 90% of the credit limit or available balance, whichever is lower, at a rate of up to 2.50% per month. |
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| Instalment plan | Flexible payment plans and retail installment plans run at up to 2.50% per month, with an AED 105 installment plan processing fee and no advertised 0% EPP. |
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Mawarid Falak Tayyeb World Credit Card benefits
✓Falak Tayyeb cashback loyalty program with up to 10% in key categories
✓Complimentary airport lounge access
✓Valet parking privileges
✓Travel inconvenience and medical insurance
✓Booking.com, IHG Hotels, Trip.com and car rental discounts
✓Cash withdrawal up to 90% of the credit limit
Offers and payment options
Quick cashAn Easy Cash facility is available at up to 2.50% per month, with cash withdrawal up to 90% of the credit limit under Qard Hasan (AED 105 per withdrawal transaction per AED 5,000).
Balance transferBalance transfer is available up to 90% of the credit limit or available balance, whichever is lower, at a rate of up to 2.50% per month.
Instalment planFlexible payment plans and retail installment plans run at up to 2.50% per month, with an AED 105 installment plan processing fee and no advertised 0% EPP.
Mawarid Falak Tayyeb World Credit Card fees & charges
| Annual percentage rate (APR) | 37.72% |
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| Cash advance fee | AED 105 per withdrawal (cash profit 3.10% per month under Qard Hasan) |
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| Late payment fee | AED 175 (Commitment to Donate; VAT not applicable) |
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| Over-limit fee | AED 252.50 |
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| Foreign currency fee | 3.00% |
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| Minimum payment | Monthly Murabaha installment + current month profit + fees/charges + installment plan dues; if present balance < AED 100 min payment = present balance |
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| Interest-free period | Up to 24 days grace on retail; no profit-avoidance grace (Murabaha, profit pre-agreed) |
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| Card replacement fee | AED 52.50 |
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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 frequent travellers who want lounge access and category cashback on a mid-tier Shariah-compliant card.
What works well
- ✓Lower annual fee than the World Elite while retaining lounge access
- ✓Solid cashback caps of up to AED 3,500 per month total
- ✓Shariah-compliant Murabaha structure with a rebate on early settlement
What to weigh up
- −AED 525 annual fee unless AED 30,000 annual spend is met
- −High 3.10% monthly profit rate, around 37.72% APR
- −3% foreign currency transaction fee
Mawarid Falak Tayyeb World Credit Card eligibility
Applicants must be at least 21 and salaried individuals residing in the UAE who meet Mawarid income criteria; the Key Facts Statement cites the UAE Central Bank minimum monthly income of AED 5,000 for covered cards, with DBR capped at 50% of gross salary (30% for pensioners) and a minimum credit limit of AED 20,000. The tier-specific minimum salary is not published but is approximately AED 15,000 (per third-party source). It is positioned for frequently travelling, leadership-level professionals with families.
▤Emirates ID▤Passport and residence visa▤Proof of income
Mawarid Falak Tayyeb World Credit Card FAQs
Applicants must be at least 21 and salaried individuals residing in the UAE who meet Mawarid income criteria; the Key Facts Statement cites the UAE Central Bank minimum monthly income of AED 5,000 for covered cards, with DBR capped at 50% of gross salary (30% for pensioners) and a minimum credit limit of AED 20,000. The tier-specific minimum salary is not published but is approximately AED 15,000 (per third-party source). It is positioned for frequently travelling, leadership-level professionals with families.
The listed annual fee is AED 525. The AED 525 annual fee is waived when a minimum spend of AED 30,000 is met in a year; all fees exclude VAT (+VAT).
Earn up to 10% cashback on Grocery, Dining and Fuel and 2% cashback on all other eligible local and international retail spend.
This card suits frequent travellers who want lounge access and category cashback on a mid-tier Shariah-compliant 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.
