Earn Joining Bonus based on your transferred salary
Monthly Salary Range
Cashback*
Additional cashback**
AED 5,000-9,999
AED 100
AED 100
AED 10,000-19,999
AED 350
AED 250
AED 20,000-49,999
AED 1,000
AED 800
AED 50,000 & above
AED 2,500
AED 1,500
For more details, visit mashreqalislami.com/tncs.
*Applicable for accounts with first salary credited on or after 01 August 2026. The payout will be credited in 12 monthly instalments
**An additional early bird cashback will be credited to customers who transfer their salary within first 90 days of opening their account
Cashback across 12 months
Your joining cashback, based on your first salary, will be credited in 12 equal monthly instalments. Cashback will be reversed if no salary is transferred for two consecutive months within the 12‑month period from the first transfer.
Valid for accounts with first salary credited on or after 1 August 2026.
How can I start transferring my salary to Mashreq Al Islami?
Send a letter to your HR to initiate transfer:
Login to Mashreq Mobile App and tap on ‘More’
Tap on ‘Transfer your salary now’ and ‘Email my HR now’
Enter ‘HR’s email ID’ and Send email using any email app on your device
Are you ready to apply?
Still got questions?
You need to transfer a minimum monthly salary of at least AED 5,000 to earn the Joining Bonus.
In case you are already a Salary Transfer account customer, you can write to your HR to change your salary account by using the above email template.
The total salary cashback amount will be determined by the first salary deposited into your Mashreq Al Islami-NEO Account. It will be credited in 12 equal monthly instalments over a period of 12 months.
The first instalment will be credited within 90 days from the date of the first eligible salary transfer and will continue monthly, subject to meeting the eligibility criteria outlined in the Terms & Conditions.
Example: If your first salary deposit is AED 25,000, you will be eligible for a salary cashback of AED 1,000. This will be paid as AED 83.33 per month (AED 1,000 ÷ 12) for 12 months, with the first instalment credited within 90 days of receiving your salary.
A salary transfer will only be recognized by Mashreq if it is credited to the account by the Customer’s employer registered in UAE using the correct channel and method recognized by the Bank. A remittance, direct transfer, cash or cheque credit transaction by the Employer will not be considered as a salary transfer transaction and will lose the eligibility of any benefits defined under this campaign. An erroneous salary transfer description could also result in the non-payment of the cash joining benefit.
If the salary transferred is below AED 5,000 in a month, the customer will not be eligible for bonus in that month. However, in the subsequent months, when salary transferred is above AED 5,000, he/she will become eligible and will continue to receive salary bonus, based on the first salary calculation.
If your salary increases, you cannot claim a different bonus value during that month. Joining bonus is calculated based on your first salary transfer.
If salary is not transferred in a given month; the customer will not be eligible for cashback in that given month. However, during subsequent months, when salary is transferred (above AED5,000) the Customer will continue earning cashback, based on the first salary calculation.
If salary is not transferred in the Account for 2months in a row, within 12 months of the first salary credit; all previous salary cashbacks will be clawed back and the salary cashback amount credited by the Bank shall be debited from the Customer’s account.
You have a maximum of 7 months from the first month of eligible salary transfer.