ADIB Business Platinum Covered Card

ADIB Business Platinum Covered Card, which is claimed to be the first Islamic Visa Card in the entire UAE region that provides the cardholder extra flexibility and a secure alternative to the cash mode of payments. With a variety of exclusive features and benefits, it definitely hits the list of the best credit cards in the UAE.

Features & Benefits of the ADIB Business Platinum Covered Card

Below are the distinguishing features and benefits of the Business Platinum Covered Card offered by ADIB:

Covered Card Limit

The cardholder is offered a covered card limit of up to AED 250,000 on the ADIB Business Platinum Covered Card.

Cash Withdrawal

ADIB understands that a cardholder may face a situation where his or her business might be requiring some immediate funds, which is why he or she can withdraw up to 60%  of cash on the  Business Platinum Covered Card.

Advanced Technology

The cardholder does not have to worry about security while making any transactions,  as the  ADIB ensures secured transactions with the adopted advanced Chip & PIN technology.

First Year Free

The member of the ADIB Business Platinum Covered Card does not have to pay the annual fee for enjoying the perks of this card for the first year, after which an annual fee of AED 800 is applicable on the primary card.

Supplementary Cards

The holder can now have his or her close ones partake in the benefits offered by this ADIB card as it allows him or her to avail of supplementary cards. The member is eligible for 4  supplementary cards free of cost after which there is a charge from the 5th card onwards.

Road-Side Assistance

The customers of the ADIB Business Platinum Covered Card can make use of the complimentary roadside assistance offered with this ADIB card.

**Note: Features and Benefits are available only for the existing members. 

Required Documents for the ADIB Business Platinum Covered Card

The following are the documents that a customer needs to have in order to apply for the  Business  Platinum Covered card:

• The applicant must have his or her bank statement for the past 6 or 12 months depending on the business requirement.
• The applicant must have a valid passport and valid passport copies of all the partners of the business along with the Residence Visa for the signatories.
• The applicant must have an original valid passport and the Emirates ID for the signer or signers.
• The following valid and original documents must be held by the applicant:
  • Trade or Professional License
  • Commercial Registration
  • The certificate of Chamber of Commerce Membership
  • Memorandum of Association
  • Any other subsequent amendments and Power of Attorney
  • Board Resolution
  • Any other documents that might be applicable 
• As per the financing requirements, any other documents that may be applicable. 

Fees & Charges for the ADIB Business Platinum Covered Card

The following table details the fees and charges for the ADIB Business Platinum Covered Card:

​Annual Fees  ​
Annual fee of the Principal Card	AED 800
The subscription fee for the Supplementary Card	AED 100
Annual fee of the Supplementary Card	2%
​Other fees and charges ​
Murabaha profit rate amount per month	3% of the amount, minimum
Fee for cash withdrawal	AED 99
The compulsory donation fee in case of a late payment	AED 100
Service fee for a non-AED transaction	3.1%
Receipt copy request fee for cash or retail	AED 25
Receipt copy request fee for entertainment or travel	AED 100
Fee for card replacement	AED 100
Fee for statement re-print	50
Fee for increasing limit temporarily	50
Fee for an international transaction	1.80%
The minimum amount due	10%
Cash advance limit	60%
Grace period for payment	Up to 55 days

(The prices and interest rates are subject to change as per the bank's requirement.)

Frequently Asked Questions on ADIB Business Platinum Covered Card

Q1: What is the annual fee on the ADIB Business Platinum Covered Card? 

Ans: The ADIB Business Platinum Covered Card is free for the first year, after which there is an annual fee levied of AED 800 on the principal card.

Q2: What is the covered card limit? 

Ans: There is a covered card limit offered on the ADIB Business Platinum Covered  Card to the cardholder of up to AED 250,000.

Q3: What is the grace period for payment? 

Ans: The grace period for making the payment for your Business Platinum Covered Card is up to  55  days.

Q4: How can I access the banking services for my ADIB Business Platinum Covered Card? 

Ans: The banking services for any of the products or services offered by ADIB can be  access in  four  ways, they are: 

1. Phone Banking
2. Mobile Banking
3. SMS Banking
4. Internet Banking 

Q5: Is there any fee charged for damaged cards? 

Ans: No, there is no fee applicable for the damaged cards if the cardholder manages to deliver the damaged card to any of the ADIB branches.