DIB SHAMS Platinum Covered Card: UAE Review
Compare published eligibility, rewards, fees and benefit conditions. Bank terms reviewed 2026-10-22. This is an independent review, not bank approval.
Dirham Score 2.2/560% data coverage · editorial methodHow this score works
- + Published first-year fee waiver
- + Official product sources linked
- + Sharia-compliant product
- − Reward forecast needs further verified terms
- − Salary minimum needs bank confirmation
Explore all DIB cards and accounts · Islamic covered card · Primary bank sources reviewed 2026-10-22
Personalise this card’s AED value
The same rewards engine powers the comparison directory and personal selector. Start from our AED 10,000 monthly benchmark, then enter your actual category spending. Estimates assume full repayment.
Published renewal fee used; unverified discretionary or relationship waivers are excluded.
The bank equates10 Walaa points per AED to5% for promoted categories. Confirm a universal cash conversion before applying AED0.005 per point to every reward. The current spending form has no dedicated travel category. International spending here assumes eligible general retail outside restricted markets; FX charges and lifestyle perks are excluded. Use the detailed rewards calculator for market splits and verified FX deductions. No borrowing costs are included. Negative values remain visible.
Open the detailed personal rewards calculatorSalary eligibility, annual fees and borrowing charges
- Minimum monthly salary
- Unconfirmed — ask the bank
- Annual fee
- AED 208.95
- Bank FX charge
- 3.7%; scheme fees may apply
- Monthly profit rate
- 3.69%
- Reward programme
- DIB Walaa
- Salary transfer required
- No published requirement
No annual fee in year 1. Subsequent fees are waived after AED 15,000 annual spend.
Cashback or points earning rules, thresholds and caps
Earn Walaa rewards equivalent to 5% on dining and travel, with separate monthly category caps.
Minimum earning gate: See published category rules. Accelerated-rate spending gate: See published category rules. Monthly reward cap: See specific categories and issuer terms. Reward earning delay: 0 modelled months.
| Spend category | Published model rate | Category cap / month | Below-gate rate |
|---|
First-year AED value and conditional welcome offers
The cash value of this reward programme is not verified. No total reward estimate is presented.
The bank equates10 Walaa points per AED to5% for promoted categories. Confirm a universal cash conversion before applying AED0.005 per point to every reward. The current spending form has no dedicated travel category.
Calculate this card using your own monthly spending. The interactive panel below applies current offer dates and exposes the full fee and welcome breakdown.
DIB SHAMS Platinum Covered Card
Dirham Score 2.2/560% data coverage · editorial methodHow this score works
- + Published first-year fee waiver
- + Official product sources linked
- + Sharia-compliant product
- − Reward forecast needs further verified terms
- − Salary minimum needs bank confirmation
No annual fee in year 1. Subsequent fees are waived after AED 15,000 annual spend.
View breakdown
The bank equates10 Walaa points per AED to5% for promoted categories. Confirm a universal cash conversion before applying AED0.005 per point to every reward. The current spending form has no dedicated travel category.
Calculation assumptionsRewards, fees & important conditions
Read the full DIB SHAMS Platinum Covered Card review and fee maths
Earn Walaa rewards equivalent to 5% on dining and travel, with separate monthly category caps.
No cinema benefit verified. · No complimentary lounge access verified.
Monthly profit rate: 3.69%. Bank FX charge: 3.7%.
First-year fee waiver requires AED 15,000 spend within 365 days. Your forecast meets the spend target.
The bank equates10 Walaa points per AED to5% for promoted categories. Confirm a universal cash conversion before applying AED0.005 per point to every reward. The current spending form has no dedicated travel category.
Dining rewards are capped at AED 25 equivalent a month; travel rewards at AED 50. Rewards are paid as Walaa points, not automatic statement cashback.
The fee waiver depends on annual spending; this is not an unconditional free-for-life card.
The official product page does not publish a minimum salary.
Official bank source · checked 2026-10-22SHAMS annual-waiver and introductory terms
Official product artwork resized proportionally without cropping, recolouring or changing the depicted card. Image source
Lounge, cinema, valet and golf conditions
- Airport lounges: No complimentary lounge access verified.
- Cinema: No current offer verified
- Valet: No published benefit verified
- Golf: No published benefit verified
Exclusions and important product notes
- Dining rewards are capped at AED 25 equivalent a month; travel rewards at AED 50. Rewards are paid as Walaa points, not automatic statement cashback.
- The fee waiver depends on annual spending; this is not an unconditional free-for-life card.
- The official product page does not publish a minimum salary.
Other charges to check in the official tariff
Supplementary card, cash advance and late-payment fees are not consistently verified across this catalogue. They are not assumed to be zero and are excluded from rewards-only estimates. Check the linked bank schedule and key facts statement before borrowing.
How this card compares
These alternatives share its published salary bracket and broad reward type. Values use the same AED 10,000 monthly benchmark, rather than paid placement. Bank-specific approval and exclusions still apply.
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Compare DIB SHAMS Platinum Covered Card with American Express Gold Credit Card — MoneybackOfficial bank sources and application information
- DIB SHAMS Platinum Covered Card official product terms
- DIB: Official product page
- DIB: DIB schedule of charges
- DIB: DIB key facts statement
- DIB: SHAMS annual-waiver and introductory terms
- DIB SHAMS Platinum Covered Card official artwork source
Eligibility is subject to the bank’s full assessment. Figures are a source-reviewed snapshot. Confirm current terms before applying. Read the reward calculation and Dirham Score methodology.