Electronic Murabaha Credit Card

At Safwa Islamic Bank, we have taken initiative and succeeded in introducing a first-of-its-kind product in the Kingdom; the Electronic Murabaha Credit Card , which fulfills all your day-to-day needs, enabling you to conduct all your purchases through the Murabaha formula via SMS, anywhere and anytime

Electronic Murabaha Credit Card Features

Permitted by Islamic law, as it adopts Islamic Murabaha formula

Ability to make payments through installments at all sale points across the globe

Comfortable repayment terms

Loyalty and Points Program

Very competitive Murabaha ratios

Periodic statement of monthly account

Exemption from issuance fees for the first year

Very competitive renewal fees

Installment in the form of Musawamah without profits for a large network of merchants

Supports Contactless

Secure online purchase via 3D Secure

First Murabaha card

The use of SMS in the offer and acceptance

Apple Pay

Background

You can learn more about the principle of this type of card through the following video:

Classic

Enjoy using your Classic Electronic Murabaha Credit Card and purchase all your needs with complete ease.

Titanium

Titanium card grants its holders free access to VIP lounges across over 10 airports in the UAE, KSA, Jordan, Kuwait, and Egypt to benefit from the discount offers on Islamic products through the Mastercard Travel Pass application, plus the following features:

  • Unique discount offers for restaurants, travel, and entertainment.
  • Offers across IHG Hotels.
  • Booking offers through Booking.com.
  • Car rental offers from AVIS/Rentalcars.com.

**For more information. click here.

World

World card allows its holders to get free access to VIP lounges at over 1,200 airports in more than 450 cities and 135 countries across the world, benefiting from discounts on Islamic products through the Mastercard Travel Pass application, in addition to the following features:

  • Unique discount offers for restaurants, travel, and entertainment.
  • Offers across IHG Hotels.
  • Booking offers through Booking.com.
  • Car rental offers from AVIS/Rentalcars.com/Herz.
  • Flight ticket discounts with Cleartrip.
  • Accident and travel inconvenience insurance through mcpeaceaceofmind.com.
  • Medical insurance during travel.
  • Confirmation letter for travel insurance.
  • Offers for European shopping villages.

**For more information. click here.

Background

The list of merchants for the free installment
via the electronic Murabaha card here

Background
Card Comparison Helper

Features

First Time Issue

3D Secure

Contactless

Access to airport lounges

Monthly cash withdrawal limits

Procurement movements limits

Annual profit rate

Free installment from specific list of merchants

Flight ticket discounts

Medical insurance during travel

Discounts for restaurants and traveling

Discounts on car rentals

Features

First Time Issue

3D Secure

Contactless

Access to airport lounges

Monthly cash withdrawal limits

Procurement movements limits

Annual profit rate

Free installment from specific list of merchants

Flight ticket discounts

Medical insurance during travel

Discounts for restaurants and traveling

Discounts on car rentals

Features

First Time Issue

3D Secure

Contactless

Access to airport lounges

Monthly cash withdrawal limits

Procurement movements limits

Annual profit rate

Free installment from specific list of merchants

Flight ticket discounts

Medical insurance during travel

Discounts for restaurants and traveling

Discounts on car rentals

Background
Card Comparison Helper

World Card

Features

First Time Issue

Free

3D Secure

Contactless

Access to airport lounges

√ (More than 1000 airports around the world)

Monthly cash withdrawal limits

25% of the card’s spending limit

Procurement movements limits

Whole Amount

Annual profit rate

12%

Free installment from specific list of merchants

Flight ticket discounts

Medical insurance during travel

Discounts for restaurants and traveling

Discounts on car rentals

Classic Card

Features

First Time Issue

Free

3D Secure

Contactless

Access to airport lounges

N/A

Monthly cash withdrawal limits

25% of the card’s spending limit

Procurement movements limits

Whole Amount

Annual profit rate

12%

Free installment from specific list of merchants

Flight ticket discounts

N/A

Medical insurance during travel

N/A

Discounts for restaurants and traveling

N/A

Discounts on car rentals

N/A

Titanium Card

Features

First Time Issue

Free

3D Secure

Contactless

Access to airport lounges

√ (Eight airports in the Middle East)

Monthly cash withdrawal limits

25% of the card’s spending limit

Procurement movements limits

Whole Amount

Annual profit rate

12%

Free installment from specific list of merchants

Flight ticket discounts

N/A

Medical insurance during travel

N/A

Discounts for restaurants and traveling

Discounts on car rentals

Which card is for me?

Follow the steps below to know which credit card best fits your financial needs and daily demands.

Start Now

Welcome Safwa Bank clients

To learn more about cards, set an appointment and we will contact you


 

    Type of card

    First name

    Last name

    National ID number

    Phone number

    Employer

    Monthly income

    Current Customer

    Preferred branch

    Appropriate day/time to reach you

    *The terms and conditions of the electronic Murabaha card apply to Musawamah financing through the card, To know more, click here.