Mawarid Falak Tayyeb World Elite Credit Card review
The rewards centre on the Falak Tayyeb program, offering up to 10% cashback on grocery, dining and fuel and 2% on other eligible local and international spend, though the top category rates are campaign-based and subject to monthly caps of AED 750 grocery, AED 750 dining and AED 250 fuel, up to an overall AED 5,000 monthly ceiling. Enrolment is automatic, and a long list of categories such as utilities, rent, telecom and government payments are excluded from earning. Loyalty Points convert to cash credited to the card.
The travel side is where the World Elite tier earns its name: complimentary lounge access via Mastercard Travel Pass, Careem airport transfers, fast-track security, valet parking, GHA Discovery Titanium hotel status, travel and medical insurance, and a Mastercard Travel & Lifestyle concierge. Cardholders can also draw cash up to 90% of the credit limit under a Qard Hasan structure.
As a Murabaha-based Islamic card it offers a rebate on early settlement, but the costs are notable: an AED 1,050 fee unless AED 50,000 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 | Premium |
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| Card network | Mastercard |
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| Minimum salary | AED 30,000 |
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| Annual fee | AED 1,050 |
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| Fee waiver | The AED 1,050 annual fee is waived when a minimum spend of AED 50,000 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 750 Grocery, AED 750 Dining and AED 250 Fuel, with a total maximum cashback of AED 5,000 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, plus a flight-delay lounge benefit, complimentary airport transfers with Careem and airport fast-track security services. |
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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 Elite Credit Card benefits
✓Falak Tayyeb cashback loyalty program with up to 10% in key categories
✓Complimentary airport lounge access via Mastercard Travel Pass
✓Complimentary airport transfers with Careem and fast-track security
✓Valet parking privileges
✓GHA Discovery Titanium hotel status plus IHG, Booking.com and Trip.com offers
✓Travel inconvenience and medical insurance with collision damage waiver
✓Mastercard Travel & Lifestyle concierge
✓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 Elite 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 high spenders who want a premium Shariah-compliant Mastercard with strong travel perks and category cashback.
What works well
- ✓High cashback caps of up to AED 5,000 per month total
- ✓Rich travel benefits including lounge access, Careem airport transfers and hotel elite status
- ✓Shariah-compliant Murabaha structure with a rebate on early settlement
What to weigh up
- −AED 1,050 annual fee unless AED 50,000 annual spend is met
- −High 3.10% monthly profit rate, around 37.72% APR
- −3% foreign currency transaction fee
Mawarid Falak Tayyeb World Elite 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 30,000. The tier-specific minimum salary is not published but is approximately AED 15,000 (per third-party source).
▤Emirates ID▤Passport and residence visa▤Proof of income
Mawarid Falak Tayyeb World Elite 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 30,000. The tier-specific minimum salary is not published but is approximately AED 15,000 (per third-party source).
The listed annual fee is AED 1,050. The AED 1,050 annual fee is waived when a minimum spend of AED 50,000 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 high spenders who want a premium Shariah-compliant Mastercard with strong travel perks and category cashback.
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.
