The Abu Dhabi Islamic Bank Visa Cashback Card provides cashback while staying Sharia-compliant. It helps customers save without interest-based transactions.
This article covers its benefits, features, and terms. Learn how it works, who qualifies, and how to apply.
About Abu Dhabi Islamic Bank – ADIB
Abu Dhabi Islamic Bank is a financial institution that follows Sharia-compliant banking principles. It provides banking services for individuals and businesses, including credit cards, loans, and accounts.
The bank operates across multiple countries, offering financial solutions based on Islamic finance rules. It aims to serve customers by ensuring transactions avoid interest-based elements.
ADIB focuses on digital banking, making account management more accessible. The bank’s services are designed to meet financial needs while following Islamic ethics.
Key Features Of The Visa Cashback Card
This cashback card allows users to earn rewards on everyday spending while following Islamic banking guidelines. It provides cashback on various categories, helping users save on frequent expenses.
Cashback Categories And Percentages
The card offers 4% cashback on several spending categories. This includes groceries, fuel, dining, school fees, and utility payments.
Each category has a monthly cashback limit, ensuring balanced rewards across spending areas. The total cashback per month is capped at AED 1,000.
Fuel and groceries each have a limit of AED 300, while dining is limited to AED 200. Utility payments have the lowest cap, at AED 100 per month.
Annual Fees And Waiver Conditions
The card comes with an annual fee, but certain spending levels may allow users to waive it. Specific criteria determine eligibility for waivers, depending on monthly spending habits.
Fee structures and conditions may vary, requiring users to check with the bank. Customers must review terms to avoid unexpected charges.
Required Documents
Applicants need to submit the following official documents when applying:
- Valid passport (original and copy)
- Valid Emirates ID (original and copy)
- Bank account statement for the last three months
- Salary certificate from the current employer (issued within 30 days)
Benefits Of The Visa Cashback Card
This card provides cashback benefits while maintaining Sharia-compliant principles. It also includes extra perks, such as flexible payment options and supplementary cards.
Sharia-compliant Banking Advantages
The card follows Islamic banking principles, meaning it does not charge interest. Instead, it operates under a profit-sharing model, ensuring transactions align with ethical financial practices.
Users avoid riba (usury), making it suitable for those who follow Islamic finance. Payments and fees are structured to comply with Sharia law.
The card still offers financial flexibility while maintaining religious integrity, making it a preferred choice for those who want to avoid traditional credit card structures.
Extra Perks And Features
Beyond cashback, users can enjoy four free supplementary cards. The card provides a grace period of up to 55 days for repayment. Customers can withdraw 100% of their finance limit in cash.
Additional benefits include airport lounge access, dining discounts, and roadside assistance once a year. These features make the card more convenient for frequent travelers and daily users.
Interest Rates And Financial Terms
This card follows Islamic banking rules, replacing interest with a profit rate. It has specific terms to help users manage spending.
Profit Rate Instead Of Interest
Islamic banking does not charge interest (riba) but applies a profit rate. This card has a 3.75% monthly profit rate on unpaid balances.
The bank earns profit through an agreed model, not lending interest. This follows Sharia principles while allowing flexible payments.
Late Payment Charges And Financial Penalties
Late payments may lead to penalties, following Sharia-compliant rules. The bank applies fees to encourage on-time payments.
These fees go to charity, not profit. Paying on time helps avoid extra costs.
Using The Card Internationally
This card works worldwide where Visa is accepted. Users should check foreign transaction fees before spending.
Exchange rate changes may add extra charges. Tracking spending helps avoid surprises.
Notifying the bank before traveling ensures smooth transactions. Using secure ATMs keeps funds safe.
Security Features
The card has an EMV chip, adding extra security. This protects against fraud and theft. The bank provides fraud alerts for unusual activity.
Users can enable SMS or email notifications. Lost or stolen cards should be blocked immediately. These features help keep your money safe.
How To Apply For The Card?
Applying for this card is simple and straightforward. Follow the steps carefully to avoid delays in approval.
Step-By-Step Application Process
The process requires submitting an application and necessary documents. Follow these basic steps to apply:
- Visit the bank in person or apply online.
- Fill out the application form with accurate details.
- Submit the required documents for verification.
- Wait for approval, which depends on eligibility and financial history.
- Receive the card and activate it for use.
Documents Required
The bank requires specific documents to process the application. Make sure to have these ready:
- Valid passport (original and copy).
- Valid Emirates ID (original and copy).
- Recent bank statement (last three months).
- Salary certificate issued within 30 days.
Helpful Advice for a Smooth Application
A smooth application process depends on accurate information and preparation. Keep these important tips in mind:
- Double-check all details on the application form to ensure accuracy and avoid delays in processing.
- Ensure all documents are current, properly formatted, and meet the bank’s specific requirements to prevent rejections.
- Maintain a good credit history by making timely payments and managing finances responsibly to improve approval chances.
- Contact customer service for clarification on eligibility, required documents, or any concerns during the application process.
Customer Service And Support
The bank provides online banking to check statements and manage transactions. A 24/7 chat service on WhatsApp offers quick help at +971600543216.
Customers can choose e-statements for email delivery instead of paper copies. SMS alerts keep users updated on transactions and card activity.
Final Thoughts On The Abu Dhabi Islamic Bank Visa Cashback Card
The Abu Dhabi Islamic Bank Visa Cashback Card offers cashback while following Islamic banking rules. It provides essential benefits, including flexible payment options and security features.
Customers can manage accounts easily with online and chat banking. This card suits those looking for Sharia-compliant financial solutions with added perks.
Disclaimer: All details, including fees and terms, may change based on bank policies. Customers should verify official updates before applying.