| Minimum Salary | Salary Transfer | Islamic Finance | Cashback | Annual Fee | Rate | |
|---|---|---|---|---|---|---|
Al Rajhi bank - Murabaha Signature Credit Card
|
Minimum Salary: SAR 0 | Salary Transfer: No | Islamic Finance: No | Cashback: No | Annual Fee: SAR 790 | Rate: 1.99% |
Are you thinking of getting a fully Sharia-compliant Credit Card having a high limit with a flexible repayment? Al Rajhi Bank introduces the Murabaha Signature Credit Card based on Murabaha finance to offer you the ultimate flexibility and many unique features. Murabaha Signature credit card is based on giving you 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 (1.99% per month).
Cards Benefits
- Automatic room upgrade upon arrival, when available
- Late check-out upon request, when available
- $25 USD food or beverage credit
- Complimentary continental breakfast daily
- Redeem your mokafaa points at over 100 merchants using your mobile number directly.
- Convert your mokafaa points to flyer miles via Al Rajhi bank app.
- Transfer reward points to any alrajhi bank customer registered in the program.
- Donate and transfer reward points to one of the charitable societies listed in the program.
Features
- Cash Withdrawal, Local & international cash withdrawal up to 30% of your credit limit
- Accepted at over 30 million local & international POS including 900,000 ATMS worldwide
- Near-field Communication (NFC), madaPay, mada Atheer and Apple Pay services, make your payments by simply waving or tapping your card on the POS terminal
- Instant Notifications, A free service that sends you a notification messages to stay on the top of your finances with ease and convenience
- 3D Secure, More secure than cash, 3D secure uses a verification process, one time password for online shopping and EMV chip to protect your information
Additional Information
Issuance Card Requirements:
- Current Accounts with Al Rajhi Bank
- Copy of Valid ID (national ID/Iqama)
- Salary certificate mentioning employments from employee
- Fill & submit an application form
- Should be compliant with Al Rajhi Bank’s and SIMAH’s policies for issuing credit cards
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
