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 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
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.
The list of merchants for the free installment
via the electronic Murabaha card here
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
Card Comparison Helper
World Card
Features
First Time Issue
Free3D Secure
√Contactless
√Access to airport lounges
√ (More than 1000 airports around the world)Daily cash withdrawal limits
4000Procurement movements limits
Whole AmountAnnual profit rate
8%Free installment from specific list of merchants
√Classic Card
Features
First Time Issue
Free3D Secure
√Contactless
√Access to airport lounges
N/ADaily cash withdrawal limits
1000Procurement movements limits
Whole AmountAnnual profit rate
8%Free installment from specific list of merchants
√Titanium Card
Features
First Time Issue
Free3D Secure
√Contactless
√Access to airport lounges
√ (Eight airports in the Middle East)Daily cash withdrawal limits
2000Procurement movements limits
Whole AmountAnnual profit rate
8%Free installment from specific list of merchants
√
