Al Islami Credit Cards are Sharia-compliant credit cards that combine modern-day convenience with worldwide acceptance and lots of special privileges. These cards conform fully to Islamic Sharia laws and free from Riba or interest and any other kind of un-Islamic charges.
The Al Islami Classic Credit Card is a basic credit card and offers you freedom from cash-transactions, giving you greater spending power. If your business or salary income is basic and your lifestyle isn’t too lavish or extravagant, this is the card for you as it brings with financial flexibility without any over-the-top premium charges.
Features and benefits of Al Islami Classic Credit Cards:
Credit Shield Takaful –
This is a feature you will be auto-enrolled for, based on Islamic Sharia for family Takaful. For a fee of 0.39% of your outstanding amount, you are provided cover for unfortunate events like death (max cover AED 200,000), permanent total disability (max cover AED 200,000) or involuntary loss of employment (max cover AED 30,000).
Personal Accident and Travel Insurance –
Booking your travel tickets with your Al Islami Credit Card, gets you the best travel insurance in the UAE with matchless benefits at absolutely no extra charge. This insurance covers medical expenses, dental care, delayed departure, loss of baggage, personal accident, loss of cash or valuables among other possible misfortunes. Principal sum insured in US$ 50,000 with an US$ 62,500 deductible for accident and sickness related medical expenses. A trip delay in excess of 4 hours will be covered up to US$ 125 and a similar baggage delay is covered up to US$ 375. Loss of baggage is covered at US$ 500 and you also get a personal liability cover of US$ 15,000. Any children up to 18 years of age that are travelling with you will be covered for 10% of your sum insured, up to a maximum of US$ 10,000 under accidental death.
Purchase Protection –
All goods purchased with this card are automatically protected from theft and damage for up to US$ 1,000 per occurrence, for a period of 60 days. This also applies to all international retail purchases.
Road-side Assistance –
Upon acquiring this card, you will be enrolled for the Road-side Assistance service for no extra cost. Any road-side assistance you require in the event of any emergency anywhere in the UAE will be taken care of - 24 hours a day, 7 days a week. Imagine being stuck in the middle of the highway – locked out of your car which has a flat tyre, an empty fuel tank and a drained battery – all you have to do is call the Road-side Assistance number and your car will be towed, recharged, re-inflated and re-fuelled. All free of charge. In addition to this, you are also eligible for a 50% discount on your international driving license.
Travel Desk Benefits –
Your card will grant you access to the Al Islami Travel Desk, a benefit exclusively available only to Al Islami Credit Card holders. This travel desk offers a range of travel-related services in addition to assured discounts. The Al Islami Classic Credit Card will grant you the benefit of zero service fee on purchase of any air ticket for any airline.
Wala’a Dirhams Loyalty Program –
You will earn 0.5% of your expenditure each time you use your Al Islami Classic Credit Card on retail purchases. These points are redeemable against all regular utility bill payments like DEWA, SEWA, FEWA, ETISALAT, Salik, DU and others.
Fees and charges:
|Annual Primary Card Fee||AED 100|
|Monthly Subscription Fee of Primary Card||AED 175|
|Credit Shield Takaful||0.39% of the outstanding amount|
|Late Payment Penalty||AED 175|
|Cash Withdrawal Fee (per transaction)||AED 90|
|Max limit for cash withdrawal||AED 3,000|
|Payment due from statement date||20 days|
|Cash Advance Limit||80% of Credit Limit|
It should also be noted that foreign currency (non-AED) transactions will be charged at 1.95%, excluding charges applied by Visa International. All fees, charges and privilege offers are subject to change.