Abu Dhabi Islamic Bank and Majid Al Futtaim Launch the First Sharia-Compliant SHARE Covered Cards, Unlocking Unmatched Rewards

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has partnered with Majid Al Futtaim, a leading shopping malls, communities, retail and leisure pioneer across the Middle East, Africa, and Asia, to introduce UAE’s first Sharia-compliant SHARE covered card.

The ADIB SHARE Visa Infinite and ADIB SHARE Visa Platinum Covered Cards, brings customers enhanced value and convenience through the Majid Al Futtaim SHARE Rewards programme.

The new cards enable customers to earn SHARE points across more than 5,000 Majid Al Futtaim retail and leisure destinations, including Mall of the Emirates, City Centre, and Carrefour, as well as partner outlets beyond the Majid Al Futtaim ecosystem.

Across everyday spending categories at Majid Al Futtaim destinations such as retail, grocery and lifestyle, ADIB SHARE Visa Infinite cardholders will earn 6% back in SHARE points, while Visa Platinum cardholders earn 3% back in SHARE points on eligible transactions. To celebrate the launch, customers can enjoy a limited time double rewards offer during the first 90 days, valid until 15 March 2026. During this period, Visa Infinite cardholders can earn up to 12% back in SHARE points and Visa Platinum cardholders up to 6%, offering customers significantly enhanced value.

Further to the limited-time double rewards, as part of the launch, ADIB SHARE Visa Infinite cardholders will receive 10,000 welcome SHARE points, while Visa Platinum cardholders will receive 2,000 welcome SHARE points upon activation.   

Amit Malhotra, Global Head of Retail Banking at ADIB, said: “Through this partnership, we are introducing a new standard of value for our customers by combining ADIB’s Sharia-compliant financial solutions with one of the region’s most trusted and widely used rewards ecosystems. The ADIB SHARE Covered Cards are designed to meet the lifestyle needs of our customers through meaningful rewards, convenience, and flexibility in everyday spending.”
He added: "This launch reflects our commitment to building products that align with our customers’ preferences while strengthening long-term partnerships that enhance their overall banking and shopping experience."

Darren Taylor, Senior Vice President, SHARE Rewards & Customer Solutions, Majid Al Futtaim said: “Today marks a significant milestone for SHARE as we introduce our very first Sharia-compliant covered card in the UAE. This partnership with ADIB allows us to bring the power of SHARE to even more customers, in a way that aligns with their values and financial preferences.”

He added: “With over five million members in the UAE and more than 10 million across the region, SHARE continues to evolve from a rewards programme into the ultimate shopping companion for our customers. The launch of the ADIB SHARE Visa Covered Card opens the door for a broader audience to enjoy seamless earning, richer benefits, and access to everything Majid Al Futtaim has to offer, now through a fully Sharia-compliant solution.”

Customers can redeem their SHARE points at any of Majid Al Futtaim’s destinations across the UAE, including leading shopping, dining, entertainment and lifestyle outlets.

This collaboration reflects ADIB’s ongoing commitment to delivering innovative, Sharia-compliant financial solutions tailored to customers’ everyday needs while strengthening its partnerships with leading brands in the region to enhance customer experience and customer loyalty.