CashbackIslamic
Sharjah Islamic Bank
SIB Cashback Covered Card
The SIB Cashback Covered Card is a cashback credit card from Sharjah Islamic Bank. It has an annual fee of AED 199, and needs a minimum salary of AED 5,000 a month.
Annual fee
AED 199
Joining fee
Free
Min. salary
AED 5,000/mo
Rewards in
Cashback
Material
Plastic
Card highlights
- 10% cashback on digital/online spend (Apple Pay, Samsung Wallet, saved cards), capped at AED 300/month
- 2% cashback on international retail spend (excluding EEA), 1% on UAE retail spend
- 0.5% on groceries, fuel, utilities, telecom, government and similar categories
- Annual fee waived from year 2 with AED 10,000 retail spend; cashback redeemable from AED 100
Earn rates
| Category | Rate | Monthly cap |
|---|---|---|
| Online shopping | 10% | AED 300 |
| International spend | 2% | No cap |
| Travel | 1% | No cap |
| Retail | 1% | No cap |
| Dining & food | 1% | No cap |
| Supermarket | 0.5% | No cap |
| Fuel | 0.5% | No cap |
| Utilities | 0.5% | No cap |
| Education | 0.5% | No cap |
| Transport | 0.5% | No cap |
| Real estate | 0.5% | No cap |
Spend in the European Economic Area earns a reduced 0.3% cashback, against 2% on other international spend.
Current welcome offer
First year annual fee free
- From year two, the AED 199 annual fee (inclusive of VAT) is waived if you spent AED 10,000 on retail purchases in the previous year
Benefits & perks
- •Up to AED 300 cashback per monthly statement on online purchases and digital wallet payments
- •2% cashback with no cap on international retail spend in foreign currency (outside EEA)
- •1% cashback with no cap on retail spend in the UAE
- •0.5% cashback with no cap on specific merchant categories (education, utilities, supermarkets and more)
- •Annual fee waived from year two with AED 10,000 retail spend in the previous year
- •Up to 4 free supplementary cards for immediate family
- •Luxury serviced apartment discounts
- •Cashback redeemable once balance reaches AED 100
- •Cashback valid for 36 months from transaction date
Every card is checked against official bank sources. Last updated September 2026.
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SIB Smiles Titanium Covered Card
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- Reduced earn of 0.5 Smiles per AED 2 on supermarkets, fuel, utilities, transport and several other categories
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Updated September 2026