Dubai Islamic Bank (DIB) DIB SHAMS Covered Card (Infinite / Signature / Platinum)
Islamic Personal Financing in Ajman
DIB's flagship covered card family in three tiers. Headline earn: 5% back on dining and travel, with Wala'a rewards welcome bonuses up to 200,000 (Infinite), 100,000 (Signature) and 50,000 (Platinum) capped monthly cashback at AED 150/120/90 respectively during offer periods. Infinite adds complimentary airport transfers (4 per annum, book 2 working days ahead), unlimited lounge access, valet parking, golf (7 UAE courses, 4 times monthly), Fitness First access, Costa buy-one-get-one and multi-trip travel cover up to USD 500,000. Year 1 is fee-free on all tiers; from year 2 the fee is waived with annual spend of AED 60,000 / 30,000 / 15,000 by tier, otherwise AED 733.95 / 523.95 / 208.95 applies.
SHAMS is the best-documented Islamic card family in the UAE: DIB publishes the Salam mechanics, the Wakala account plumbing, the 3.69% monthly rate and the charity treatment of late payments in one KFS, which is exactly the transparency this market needs. As a rewards product it is genuinely competitive - 5% on dining and travel with real lounge, golf and transfer perks on the Infinite - but the monthly caps mean the effective rate on heavy spend drops fast, and anyone carrying a balance pays conventional-card-level cost regardless of the halal structure. Hit the spend waiver, clear the balance monthly, and it is a strong pick; revolve and the Salam rate eats you like any Visa would.
Pros
- Fully documented Islamic structure: Salam contract, Wakala account, donation-based late fees
- First-year free across all tiers with achievable spend-based waivers after
- Rich travel and lifestyle benefits competitive with conventional premium cards
- All fee mechanics published in a bilingual KFS
Cons
- 3.69% monthly Salam delivery rate is expensive if balances revolve, comparable to conventional card APRs
- Cash withdrawals cost AED 94.50 flat regardless of amount
- Monthly cashback caps (AED 150/120/90) blunt the 5% headline for big spenders
- International usage fees of 3.14% to 3.70% add up for travellers
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Product Details
Structure
salam
Profit Structure
Salam sale with 3.69% monthly rate for Salam delivery; late payment donation AED 236.25 to charity
Monthly Fee
AED 0 year 1; from year 2 waived at tiered annual spends, else AED 733.95 / 523.95 / 208.95 by tier
Dubai Islamic Bank (DIB) in Ajman
Dubai Islamic Bank (DIB)'s DIB SHAMS Covered Card (Infinite / Signature / Platinum) is available to Ajman residents, using a salam structure. Sale-based personal finance fixes the total price at signing; check the Key Facts Statement for the reducing rate, fees, and early settlement policy. Dubai Islamic Bank (DIB) operates across the UAE, so Ajman residents have full access to this product.
Shariah Compliance & Oversight
DIB's Internal Sharia Supervision Committee (ISSC) has five members appointed by the 2024 General Assembly for a three-year term ending February 2027, with the appointments approved by the Higher Sharia Authority of the Central Bank of the UAE: Prof. Dr. Mohammad Abdul Rahim Sultan Al Olama (Chairman), Prof. Dr. Mohamed Ali Elgari (Vice Chairman), Prof. Dr. Muhammad Qaseem (Executive Member), Prof. Dr. Mohamad Akram Laldin (Member) and Sheikh Prof. Ibrahim Ali Abdulla Al Mansoori (Member). The ISSC independently supervises transactions, activities and products and its report is ratified at the AGM (dib.ae/about-us/leadership-team/ISSC and AGM disclosures, verified 2026-08-05).
2026-08-05
Why It's Halal
The Shariah structure is documented in DIB's Key Facts Statement: the covered cards are based on Salam, whereby the customer sells described commodities to the bank for future delivery against an advance payment of the sale price; the bank deposits that Salam sale price into the customer's Investment Wakala account, and the customer draws on this balance for purchases and cash withdrawals. This makes the card a genuine sale-plus-agency construction rather than an interest-bearing revolving credit line: the monthly rate for Salam delivery is disclosed at 3.69%, late payment triggers an undertaking to donate AED 236.25 (charity, not bank income), and a Sharia Certificate for the SHAMS family is downloadable from dib.ae. Cash withdrawal costs AED 94.50 per transaction and international usage carries 3.70% (non-AED) or 3.14% (AED-processed) fees. Credit Shield Takaful at 0.94% of outstanding is the Islamic insurance overlay. Oversight: DIB's five-scholar ISSC.
Regional Availability
Dubai Islamic Bank (DIB) serves all of the UAE
✓ Available nationwide including Ajman
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NationwideFrequently Asked Questions
What is Dubai Islamic Bank (DIB) DIB SHAMS Covered Card (Infinite / Signature / Platinum)?
Why is Dubai Islamic Bank (DIB) DIB SHAMS Covered Card (Infinite / Signature / Platinum) considered halal?
Is Dubai Islamic Bank (DIB) DIB SHAMS Covered Card (Infinite / Signature / Platinum) available in Ajman?
What Shariah oversight does Dubai Islamic Bank (DIB) have?
What financing structure does Dubai Islamic Bank (DIB) DIB SHAMS Covered Card (Infinite / Signature / Platinum) use?
How do I apply for Dubai Islamic Bank (DIB) DIB SHAMS Covered Card (Infinite / Signature / Platinum) in Ajman?
What Islamic banks are based in Ajman?
Can Ajman residents use banks based in other emirates?
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Important: HalalWallet provides educational information and comparisons to help you explore halal financial options. We do not provide financial, legal, or religious advice. Product structures and Shariah compliance oversight vary by provider. Always verify halal compliance directly with providers and consult with qualified Islamic finance advisors or scholars for guidance on specific products and your individual circumstances.