Abu Dhabi Islamic Bank Ltd and UAE-based Etihad Airways this month unveiled a suite of cobranded debit cards and credit cards, the Abu Dhabi-based bank recently announced.
The cards, issued in association with Visa Inc., are available in three versions each for both debit and credit cards.
The chip-equipped debit cards are available in Regular, Gold and Infinite versions for annual fees of 200 dirhams (US$54), 350 dirhams and 700 dirhams, respectively. The Infinite version is available only to high net worth customers, the bank says.
New debit cardholders may earn up to 3,000 miles in the airline’s Etihad Guest loyalty program upon qualifying for the card.
The credit cards are available in Classic, Gold and Platinum versions with no annual fee, and cardholders may receive up to 50,000 Etihad Guest Miles upon qualifying, the bank said.
The cards are Sharia-compliant, which means they are “covered” for certain local traditional requirements, according to the bank. Cardholders may choose the percentage of the outstanding balance they want to repay. In addition, the bank does not charge interest on outstanding balances on the cards and their use is forbidden for the purchase of alcohol, tobacco, gambling, pork and sexually related items.
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