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

Very competitive Murabaha ratios

Periodic statement of monthly account

Exemption from issuance fees for the first year

Very competitive renewal fees

Installment 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

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

In addition to the aforementioned features, the Titanium Card grants holders free access to VIP Lounges at eight airports in the Arab region, as well as discounts on Islamic products through the app ‘MasterCard For You’ and buy-1-get-1 offers.

World

In addition to the aforementioned features, the World Card grants holders free access to VIP Lounges at more than 1,000 airports around the world, as well as discounts on Islamic products through the app ‘MasterCard For You’, buy-1-get-1 offers, gold membership from HERTZ car rental company and life and luggage insurance.

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

Daily cash withdrawal limits

Procurement movements limits

Annual profit rate

Free installment from specific list of merchants

Features

First Time Issue

3D Secure

Contactless

Access to airport lounges

Daily cash withdrawal limits

Procurement movements limits

Annual profit rate

Free installment from specific list of merchants

Features

First Time Issue

3D Secure

Contactless

Access to airport lounges

Daily cash withdrawal limits

Procurement movements limits

Annual profit rate

Free installment from specific list of merchants

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)

Daily cash withdrawal limits

4000

Procurement movements limits

Whole Amount

Annual profit rate

9%

Free installment from specific list of merchants

Classic Card

Features

First Time Issue

Free

3D Secure

Contactless

Access to airport lounges

N/A

Daily cash withdrawal limits

1000

Procurement movements limits

Whole Amount

Annual profit rate

9%

Free installment from specific list of merchants

Titanium Card

Features

First Time Issue

Free

3D Secure

Contactless

Access to airport lounges

√ (Eight airports in the Middle East)

Daily cash withdrawal limits

2000

Procurement movements limits

Whole Amount

Annual profit rate

9%

Free installment from specific list of merchants

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

 
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