Murabaha Infinite Credit Card with the lowest profit rate

Are you thinking of getting a fully Sharia compliant Credit Card having a high limit with a flexible repayment?

Al Al Rajhi Bank introduces the Murabaha Platinum Credit Card based on Murabaha finance to offer you the ultimate flexibility and many unique features.

Murabaha Infinite credit card is based on giving you a fully Sharia compliant finance, and then deposit the funds in your card account to use it on purchases or cash withdrawals with the lowest profit rate on finance (1% per month).

  • Features and Benefits
  • Card Issuance  Requirements
  • Apply
  • MOKAFA Program allows you to earn 1 point domestic per SAR 1 in your purchasing and 2 points in international with your card

  • Cash Withdrawal allows you to earn points while purchasing with your card, with various instant redemption options.

  • Enjoy the flexibility of paying as low as 5% of your monthly Card statement.

  • Access, at 25 airport lounges globally though DragonPass .

  • Exclusive perks with “kiwi collection” The world’s largest and most diverse and curated collection of luxury hotels including:

    • - Automatic room upgrade upon arrival, when available

      - Complimentary continental breakfast daily

      - $25 USD food or beverage credit


  • 0% Tasaheal Program You can convert your transactions into equal and flexible monthly installmentswith 0% profit margin and ZERO processing fee through program partners

  • Free additional Cards for your immediate family members give them the same features and benefits as per your primary card.

  • Instant Discounts

  • “Visa Checkout” the easier pay online Service
    • Current Accounts with Al Rajhi Bank
    • Copy of Valid ID (national ID/Iqama)
    • Salary certificate mentioning employments from employee
    • Fill & submit application form
    • Should be compliant with Al Rajhi Bank’s and SIMAH’s policies for issuance credit cards
    • Al Rajhi App
    • By calling us on 800 124 1222
    • By Visiting your nearest Branch
    • Apply Online  

    Other features that come with
    a Platinum Credit Card

    • Cash Withdrawal

      Local & international cash withdrawal up to 30% of your credit limit.

    • ATM Access

      Accepted at over 30 million local & international POS including 900,000 ATMS worldwide.

    • Supplementary Cards

      Free Supplementary cards for your family members.

    • 3D Secure

      More secure than cash, 3D secure uses a verification process, one time password for online shopping and EMV chip to protect your information.

    + Fees & Charges

    Annual Membership Fee

    SAR 990

    Click to view list of our fees and charges

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    Type of Fee Fee’s Value
    Annual primary Card SAR 990
    Annual Supplementary Card 2 Free cards
    Annual Supplementary Cards (more than 3) SAR 500
    Monthly Profit Rate 1.99%
    Annual Profit Rate 14.7%
    Monthly Minimum Payment 5% or SAR 100 whichever is higher
    Additional fee on International Transactions 2.75%
    Replacement SAR 50
    Cash Withdrawal SAR 75
    Wrong Dispute Fee SAR 50
    Application of Purchase Voucher Copy SAR 150

    Descriptive Examples showing the APR based on the credit limit

    Example

    Due Amount

    APR

    Finance APR

    Minimum Payment Amount %

    Months Until Balance

    Repaid*

    1

    SAR 75,000

    26.97%

    23.88%

    5%

    140 Months

    2

    SAR 100,000

    26.19%

    149 Months

    3

    SAR 150,000

    25.4%

    162 Months


    * If the minimum payment amount made every month, it will take almost the months that appeared for each product in table to repay the full amount, keeping in view compounded interest added each month.

    *APR may change based on the change in the financing amount and due date.

    Report a Lost or Stolen Card

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    CALL TOLL FREE WITHIN KSA800 124 8880

    TOLL FREE WITHIN KSA+966 92000 5544

    Alternatively ,Please follow steps outlined in :

    Frequently Asked Questions:
    Platinum Credit Card
    • Why should I apply for Card ?
      The Card offered by Al Rajhi Bank is a fully sharia compliant Card based on Islamic principle and offer unparalleled benefits tailored to your needs.
    • What is the Islamic concept used for the Card?
      The card is based on Murabaha financing wherein purchase and sale of commodity is consented by the customer for the issuance of Card.
    • Is there any interest or profit charges on Card ?
      The Card offers you lowest ever profit rate of 1% per month as a part of monthly Murabaha installment on your Card. However, upon full payment of your outstanding on due date, full rebate equivalent to your installment will be credited into your Card account. This way the impact of profit is void.
    • Once I receive the Card, how can I start using it?
      Upon receiving the Card from courier, you need to activate it by logging into Al Mubasher (online banking) or calling our toll free number 800 124 1222. Since this Card is secured by “Chip & Pin” feature, you also need to setup your PIN code while activating your Card.
    • Can I use my card for online shopping?
      Yes. Card is secured by “Verified by VISA (VbV)” for online shopping & purchases you make.
    • Can i issue a supplementary Card to my family members?
      Yes. A supplementary Card can be issued to your family members upon your request.
    • How do I pay my Card bill?
      A minimum 5% of your bill will be deducted automatically from your current account. However, you can pay any amount against your Card bill online via Al Mubashar using “advance payment” option.