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RAKislamic World cashback rate, cap and annual fee

RAKislamic World pays 10% on travel — on the first AED 4,000 you spend on it each month, which is where the AED 400 cap stops it. Nothing at all below AED 10,000 of spending a month — AED 120,000 across a year. The card costs AED 997.50 a year.

RAKBANK Islamic · United Arab Emirates · catalogue v101

Read from RAKBANK Islamic's own published terms on 19 Sep 2026.

AED 997.50Annual fee
AED 10,000Minimum monthly spend
AED 1,300Cap across the whole card
10%Best rate

What it pays, by category

SpendingRateMonthly cap
travel10.00%AED 400reached at AED 4,000 of spendTravel. AED 400 of cashback a month, which the 10% reaches at AED 4,000 of travel.
groceries10.00%AED 300reached at AED 3,000 of spendSupermarkets. AED 300 a month, reached at AED 3,000.
dining10.00%AED 300reached at AED 3,000 of spendRestaurants. AED 300 a month, reached at AED 3,000.
e-wallet spendingonline and delivery3.00%AED 250reached at AED 8,300 of spendE-wallet top-ups. Shares an AED 250 monthly ceiling with ordinary retail.
everything else1.00%AED 250reached at AED 25,000 of spendEverything else. Shares the same AED 250 monthly ceiling as e-wallet spending.
government0.25%AED 50reached at AED 20,000 of spendGovernment services, bill payments and utilities, on the band RAKBANK caps at AED 50 a month across all of them.
education0.25%AED 50reached at AED 20,000 of spendSchools and education, on the same AED 50 band.
fuel0.25%AED 50reached at AED 20,000 of spendPetrol stations, on the same AED 50 band.
phone and internet0.25%AED 50reached at AED 20,000 of spendTelecoms, on the same AED 50 band.
rent and property0.25%AED 50reached at AED 20,000 of spendReal estate, on the same AED 50 band.
RAKBANK's Key Fact Statement for the World card covers both variants in one document — "available in both conventional (non-Islamic) and Islamic" — so this is the same table, condition for condition. The one that decides the card: spend under AED 10,000 in a month and nothing is earned at all. Above it, 10% on travel, supermarkets and dining with ceilings of AED 400, AED 300 and AED 300; 1% on ordinary retail and 3% on e-wallet top-ups sharing AED 250; 0.25% on government, bills, schools, transport, telecoms, real estate and fuel sharing AED 50. Free in year one, AED 997.50 afterwards unless the previous year reached AED 100,000. Source: RAKBANK's own Key Fact Statement for the card, read 19 Sep 2026. RAKBANK publishes five separate ceilings rather than one, and they add up to AED 1,300 of cashback a month, which is the card-wide figure recorded here. The AED 250 is shared between ordinary retail and e-wallet top-ups, and the AED 50 between all seven of the reduced categories, so heavy spending in two of them at once earns less than the rules below suggest.

Questions people ask

What cashback does the RAKislamic World pay?

10% on travel, and 9 other rates.

Is there a cap on the RAKislamic World?

Yes — AED 1,300 a month across the whole card, however you split your spending.

What is the annual fee on the RAKislamic World?

AED 997.50 a year.

Is there a minimum spend on the RAKislamic World?

Yes — AED 10,000 a month. Below that the bonus rates do not apply at all, which is the condition most comparison tables leave out.

Knowing the rate is not the same as remembering it

PayperWIZ holds the cards you actually own and names the right one at the till — after the cap you have already used this month, and after the foreign-currency fee. It works offline and never connects to a bank.

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