In Dubai, an Islamic credit card is intricately tied to the principles of Islamic finance while providing the convenience and benefits similar to those of conventional credit cards.
An Islamic credit card in Dubai is a card that is compliant with Shariah law, primarily ensuring that all financial transactions and services related to the card avoid the element of riba (interest) and any other prohibited (haram) activities.
In Dubai, the islamic credit card's primary has the role to provide Muslims in UAE, and anyone else interested, with a credit facility that allows for cashless transactions and the benefits of credit without violating Islamic principles.
By offering a Shariah-compliant alternative to conventional credit cards, the card ensures that Muslims in Dubai who wish to avoid conventional financial products have an accessible and ethical option in the credit card market.
Given the significant Muslim population in Dubai and the broader UAE, there's a strong market demand for Islamic financial products. Thus, offering Islamic credit cards aligns with the demand and allows banks to diversify their product range.
As Dubai is one of the global hubs of Islamic finance, its financial institutions have a vested interest in ensuring their Islamic credit cards and other banking products adhere strictly to Islamic principles, thereby maintaining trust and credibility with their customer base.
IS THERE AN ISLAMIC CREDIT CARD AVAILABLE IN THE DUBAI? ARE ISLAMIC CREDIT CARDS WIDELY ACCEPTED IN DUBAI?
Yes, Islamic credit cards are available in Dubai. Major banks in the city, such as Dubai Islamic Bank and Emirates Islamic Bank, offer a variety of Shariah-compliant credit card products. These cards are designed to cater to the large Muslim population in the region and anyone else interested in ethical and interest-free banking solutions.
Islamic credit cards in Dubai are widely accepted. Since most of these cards are affiliated with major global card providers like Visa or Mastercard, they are accepted in most places that take credit cards, both within Dubai and internationally. The level of acceptance for these cards is comparable to conventional credit cards, making them a practical option for daily transactions, shopping, dining, and other needs.
HOW TO BE ELIGIBLE FOR AN ISLAMIC CREDIT CARD IN DUBAI ?
To be eligible for an Islamic credit card in Dubai, applicants typically need to meet the following criteria:
WHAT ARE THE BENEFITS OF USING AN ISLAMIC CREDIT CARD OVER A CONVENTIONAL ONE IN DUBAI ?
Benefits of Using an Islamic Credit Card over a Conventional One in Dubai:
DUBAI ONLINE ISLAMIC CREDIT CARD
QARD EL HASSAN CARD BAY AL INAH CARD TAWARRUQ CARD MURABAHA CARD TAKAFUL CARD CASH BACK CARD PREPAID CARD REWARD CARD FOR STUDENT WITH NO FEE WITHOUT INTEREST BAD CREDIT LIBYA QATAR PHILIPPINES UNITED-KINGDOM UNITED-STATES CANADA BANGLADESH NIGERIA TURKEY IRAN EGYPT INDIA CHINA ABU-DHABI BAHRAIN DUBAI INDONESIA MALAYSIA PAKISTAN R.A.K SAUDI-ARABIA SHARJAH IRELAND LIST OF ISLAMIC INSURANCE COMPANIES LIBYA QATAR AUSTRALIA