Mastercard has partnered with Aafaq Islamic Finance (Aafaq) to launch a new addition to its prestigious World Elite portfolio—the Aafaq World Elite Mastercard Credit Card. This Sharia-compliant credit card has been designed to offer enhanced lifestyle benefits and premium experiences tailored to the needs of affluent customers in the UAE.
The new card was developed following detailed market research and a deep understanding of customer expectations. It combines personalized rewards with Mastercard’s globally recognized benefits, delivering value across everyday spending and special lifestyle moments. The card is positioned as a comprehensive financial solution that supports modern, digital-first living while remaining fully compliant with Islamic finance principles.
To promote digital transactions, the Aafaq World Elite Credit Card offers a welcome cashback of 20 percent on popular platforms including Amazon, Careem, Noon, and Talabat. Cardholders can also earn up to 5 percent rewards on dining, online purchases, international spending, and other eligible transactions.
Lifestyle privileges include complimentary access to padel and golf clubs, valet parking services, and buy-one-get-one-free tickets at VOX Cinemas. For frequent travelers, the card provides free airport transfers, complimentary meet-and-greet services, and access to more than 1,300 airport lounges worldwide, ensuring a seamless and comfortable travel experience.
Customers benefit from a fully digital onboarding journey through the Aafaq Digital App, allowing for quick and convenient access to card services. This digital-first approach reflects Aafaq’s focus on innovation and customer convenience.
Commenting on the launch, Usman Basit, CEO of Aafaq, said that the company aims to become the UAE’s preferred destination for digital Islamic finance. He noted that partnering with Mastercard strengthens Aafaq’s digital capabilities while delivering a premium product that supports customers’ lifestyles across online spending, dining, entertainment, sports, and travel.
Gina Petersen-Skyrme, Senior Vice President and Country Manager for UAE and Oman at Mastercard, stated that the launch highlights Mastercard’s commitment to offering tailored value propositions. She emphasized that the Aafaq World Elite Credit Card delivers a seamless and rewarding experience across dining, travel, e-commerce, and cross-border transactions.