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).

Other features that come with
a Platinum Credit Card

+ Fees & Charges

Annual Membership Fee

SAR 990

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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%
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

14.77%

12%

5%

90 Months

2

SAR 100,000

14.08%

96 Months

3

SAR 150,000

13.38%

104 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.

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CALL TOLL FREE WITHIN KSA800 124 8880

TOLL FREE WITHIN KSA+966 92000 5544

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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.