At Bank Nizwa we realize the banking needs of our customers. To this end, we strive to meet and exceed the expectations of our customers with innovative products and unparalleled service. We are proud to present the widest range of Sharia Compliant Credit Cards packed with a vast range of privileges and offers that suit your needs and aspirations.
Features & Benefits:
Representative Example:
If you spend KWD 1,200 at a purchase interest rate of 18.9% (variable) your representative APR will be 18.9% (variable).
Features & Benefits:
- Globally accepted
- Sharia compliant
- Widest range of Sharia Compliant Credit Cards
- Low monthly repayment options
- Cash withdrawal
- Options for supplementary card issuance
- Attractive privileges and offers
Representative Example:
If you spend KWD 1,200 at a purchase interest rate of 18.9% (variable) your representative APR will be 18.9% (variable).
** 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.