Dubai Islamic Bank
SHAMS Platinum Covered Card
The SHAMS Platinum Covered Card is a travel credit card from Dubai Islamic Bank. It has an annual fee of AED 208.95, and needs a minimum salary of AED 5,000 a month.
Annual fee
AED 208.95
Joining fee
Free
Min. salary
AED 5,000/mo
Rewards in
Wala'a Rewards
Card highlights
- Earn 10 Wala'a Rewards per AED 1 on dining and travel, 2 on international spend, 1.5 on general local spend
- Free for life (no annual fee with AED 15,000 annual spend from year 2)
- Complimentary travel and medical cover up to USD 100,000 for cardholder, spouse and up to 4 children
- Redeem Wala'a Rewards for flights, hotels, cashback, gift cards or transfer to Etihad Guest or Qatar Avios
Earn rates
| Category | Rate | Monthly cap |
|---|---|---|
| Travel | 5% | AED 50 |
| Dining & food | 5% | AED 25 |
| International spend | 1% | No cap |
| Retail | 0.75% | No cap |
| Transport | 0.75% | No cap |
| Online shopping | 0.75% | No cap |
| Supermarket | 0.15% | No cap |
| Fuel | 0.15% | No cap |
| Utilities | 0.15% | No cap |
| Education | 0.15% | No cap |
| Real estate | 0.15% | No cap |
Rewards on this card are capped at AED 75 a month across all categories (about AED 900 a year).
Benefits & perks
- •Complimentary travel and medical cover up to USD 100,000 (cardholder, spouse and up to 4 children under 18) when tickets are booked on the card
- •Buyers' protection via Visa Platinum for 365 days
- •Roadside assistance: 1 complimentary call-out per year, including a free international driving licence
- •15% off Zofeur chauffeur services (max AED 15 per transaction, up to 4 times/month, valid to 31 December 2026)
- •Wala'a Rewards redeemable for flights, hotels, statement cashback, gift cards and bill payments
- •Wala'a Rewards transferable to Etihad Guest Miles or Qatar Avios
- •Balance transfer facility (minimum AED 1,000, 12-month plan)
- •Up to 5 free supplementary cards
- •Free for life (annual fee waived from year 2 with AED 15,000 annual spend)
Every card is checked against official bank sources. Last updated June 2026.
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More from Dubai Islamic Bank
Consumer Cashback Platinum Card
- 4% cashback on supermarkets, fuel, school fees, auto servicing, telecoms, utilities and Salik/Nol (category caps AED 50-400, overall cap AED 1,000/month)
- Minimum AED 4,000 monthly spend required to earn cashback; no cashback outside listed categories
Updated June 2026
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