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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
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Permitted by Islamic law, as it adopts Islamic Murabaha formula
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Ability to make payments through installments at all sale points across the globe
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Comfortable repayment terms
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Loyalty and Points Program
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Very competitive Murabaha ratios
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Periodic statement of monthly account
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Exemption from issuance fees for the first year
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Very competitive renewal fees
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Installment in the form of Musawamah without profits for a large network of merchants
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Supports Contactless
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Secure online purchase via 3D Secure
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First Murabaha card
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The use of SMS in the offer and acceptance
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Apple Pay
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Contactless Payment Technology (NFC)
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You can learn more about the principle of this type of card through the following video:
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Classic
Enjoy using your Classic Electronic Murabaha Credit Card and purchase all your needs with complete ease.
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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.
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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 https://mcpeaceofmind.com
- Medical insurance during travel through https://mcpeaceofmind.com
- Offers for European shopping villages.
**For more information. click here.
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The list of merchants for the free installment
via the electronic Murabaha card here
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Card Comparison Helper
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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
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Card Comparison Helper
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World Card
Features
First Time Issue
Free3D Secure
√Contactless
√Access to airport lounges
√ (More than 1000 airports around the world)Monthly cash withdrawal limits
25% of the card’s spending limitProcurement movements limits
Whole AmountAnnual 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
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Classic Card
Features
First Time Issue
Free3D Secure
√Contactless
√Access to airport lounges
N/AMonthly cash withdrawal limits
25% of the card’s spending limitProcurement movements limits
Whole AmountAnnual profit rate
12%Free installment from specific list of merchants
√Flight ticket discounts
N/AMedical insurance during travel
N/ADiscounts for restaurants and traveling
N/ADiscounts on car rentals
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Titanium Card
Features
First Time Issue
Free3D Secure
√Contactless
√Access to airport lounges
√ (Eight airports in the Middle East)Monthly cash withdrawal limits
25% of the card’s spending limitProcurement movements limits
Whole AmountAnnual profit rate
12%Free installment from specific list of merchants
√Flight ticket discounts
N/AMedical insurance during travel
N/ADiscounts for restaurants and traveling
√Discounts on car rentals
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Which card is for me?
Follow the steps below to know which credit card best fits your financial needs and daily demands.
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Welcome Safwa Bank clients
To learn more about cards, set an appointment and we will contact you
*The terms and conditions of the electronic Murabaha card apply to Musawamah financing through the card, To know more, click here.
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