bank islam credit card requirements

Annual Fee. APPLY FOR BANK ISLAM CREDIT CARD - ELIGIBILITY. Bank Islam TruRewards Program. Fees. Annual Fee: Principal Cardholder – B$250*. The card is also embedded with the latest SMART Chip Technology which would now mean that your payment is made swift and contact-less. Annual Fee. Some banks will accept application for an Islamic credit card from expats that meets the minimum required income and with a valid working visa that is longer … 7 debit cards. Building on the strength of that foundation Bank Islam now offers a range of credit cards that cater to everyone's needs, with Classic, Gold and Platinum MasterCards that give you unlimited cashback on every single purchase. Bhd. Apply for Public Islamic Bank Visa Gold Credit Card-i by Public Bank. Empowering community beyond business. However, there is always the Bank Islam Installment Payment Plan that offers the same deal, but everywhere else. Also, if you’re still unsure as to which card is right for you, let CIBC assist you in selecting one. Types of Bank Islam Credit Card-i 1. RM 60.00. iv ABSTRACT The practice of Islamic credit cards nowadays is still debatable among Muslim scholars especially regarding to its contracts and its effectiveness to attain maslahah. If you prefer to broaden your credit card search, review more Bank Islam credit cards and start comparing today! RM 150.00. Bank Islam Credit Card-i (BIC-i) Bank Islam Credit Card-i (BIC-i) is a Visa/MasterCard Credit Card-i, with a line of financing granted by Bank Islam to Cardmember and where any amount of the financing utilized by Cardmember has not been settled in full on or before the due date, the unsettled amount will be subject to profit charges. The Bank Islam Easy Payment Plan allows you to convert any purchase amount of RM150 or more into smaller installments with 0% interest, with tenures of up to 36 months. 0.0 % p.a. endobj On top of that, there is no joining fee for this Islamic credit card. Promotion Period from 1 November 2020 – 31 January 2021 <> Debit card image Debit card name and benefits Cashback Annual Fee Apply Online; Bank Islam Team Harimau Visa Debit Card-i. So, before you go shopping please make sure to double-check if the merchant meets the card requirements. N��j�W��-�6��|�ݫ͋��>�F�~||��H�}Ԧm {~X�� Bank Islam Visa Classic Credit Card-i: Requires annual income of RM 24,000.00 for all applicant.Waived when 12 swipes per year. Examples of Islamic credit card that uses this concept in Malaysia is Bank Islam’s Platinum Visa Credit Card – i and Gold & Classic Credit Card – i. Ujrah. RM5 or 1% of outstanding amount, up to a maximum of RM50. You will need to earn within the card’s minimum annual income requirement, have good credit as well as fulfil the employment requirements, among others. When you apply for Bank Islam Platinum MasterCard Credit-i. I hereby give my consent to the Bank to collect, process, and continue to use the information disclosed by me for a maximum period of one month from the date this form is submitted for the purpose of this application, cross selling, marketing, and promotions whatsoever including offers and competitions and disclosure my … Bank Islam Gold Card Features Well since this is a Shariah-compliant credit card, it can only be used for transactions at Halal merchants. How are Islamic credit cards different from conventional credit cards? Earn 0.1% unlimited Hibah Performance Bonus for every Ringgit spent! So the Tawarruq concept is the transfer of ownership of an asset from a seller to a purchaser. Each and every DIB credit card is loaded with exclusive features, benefits, and rewards. The highest annual interest rate is 17.5% p.a. Balance Transfer. I agree to be contacted by RinggitPlus via WhatsApp regarding my application, Bank Islam Gold Visa Card-i Terms and Conditions, Bank Islam Gold Visa Card-i Product Disclosure Sheet, Bank Islam Visa Infinite Business Credit Card-i, Best Free Airport Lounge Access Credit Cards, Guide to Buying Your First Insurance Plan. BANK ISLAM CREDIT CARD-i TERMS & CONDITIONS Effective May 2017 Page 5 of 22 (v) Without prejudice to the generality of Clause 5, the Cardmember acknowledges that under the arrangements the Bank has with the Commodities Purchaser or any other suppliers or third party counterparties, the Bank may be required to Promotion starts 8 August 2020 until 31 March 2021. Still, sign-up requirements are similar to that of a conventional credit card. Well since this is a Shariah-compliant credit card, it can only be used for transactions at Halal merchants. Ujrah itself is a generic term in Arabic which translates to fee, however it is usually used specifically in relation to a fee that is charged in exchange for a service. Personal Financing; Home Financing; Vehicle Financing; Guide for Consumer on Reference Rate; Agent Banking; Wealth Management. All rights reserved. Bank Islam Gold Card Features. '��-�,��j7NK�>��@�#��g(;ޯ�s�W �� I�"g�s��\q��뛧�W_��v��w��o��/��p�p�t��헟��_��WW��߼��ֻ�l�v�o��w�F6;�7��g��g/�=��5�0��ئ�� v�rc��{h�f�� S��>��ُ/��뭺��f�/޼�^�?n��2v�y�m.~��~�-�mk�6��}�?��g�r�e�Ӫ�j�̔��ܸ�N�D�w�q7�|o��nW��w�L@��[X?��.�� You will need to be at least 21 years old and have a monthly income of at least RM7,000 to apply for Bank Islam Platinum Card-i. Supplementary – B$125. Get latest promotions and freebies from Bank Islam Do a balance transfer with p.a to your account for more cash in hand! Compare them all and apply online. – Manage your funds with ease and security – ATM Withdrawal limit of up to Rs 50,000 – POS payment limit of Rs 150,000/day – Up to Rs 150,000 daily transfer limit Bank Islam Card-i was the first Shariah contract credit card to be offered to Muslim and Non-Muslim alike in Malaysia. Apply for Bank Islam Explorer Platinum Card-i by Bank Rakyat. A credit card under the Tawarruq concept then means the bank … There is much that Bank Islam Gold Visa Card-i has to offer. Apart from the interest savings, you have the chance to save on annual fees too. Our credit card experts, also recommend you to check out other similar credit cards such as Bank Islam Gold Credit Card-i and HSBC Amanah MPower Platinum Credit Card-i, which may match your requirements. The halal credit card cannot be used to buy products and services that are not conform with the Islamic Sharia. Obtaining a credit card is a simple process that can give you more purchasing power and help you build your credit history. Amal. Bank Islam debit card list. Unlike most credit cards, Bank Islam Gold MasterCard Card-i comes with a minimum interest rate of 13.5% per annum rather than 15%. <>>> stream The Emirates Skywards DIB Infinite Credit Card Get bonus Skywards Miles and earn Miles on all your spends. On top of that, there is no joining fee for this Islamic credit card. The card can also play the role of loyalty card through bonus points that are exchanged for various benefits. Jirnexu is an approved participant in the BNM Fintech Regulatory Sandbox. Click to find out more about Visa Promotion for Bank Islam Visa Infinite Business Credit Cards-i . Requirements. No annual fees for that year! Whether it’s getting a new refrigerator, TV set, computer or just putting some new wheels on your car. 4 0 obj Of course, this plan applies to only a selected number of merchants. Profit Rate From 15.0 % p.a. Apply. SME Banking. Bank Islam Cards. Also, when applying for this card be sure to set a profit margin that works best for you. Unlimited Hibah Performance Bonus. The gold cards cost 548 riyals and the silver cards cost 245 riyals. Profit Rate From 13.5 % p.a. Looking for more options to choose from? Open WhatsApp now. Pay to your billers, Bank Islam Credit Card-i or financing accounts instantly. Apply for Bank Islam Classic Visa Card-i by Bank Islam. Available in three variants –Infinite, Signature and Platinum Credit Cards. Just JomPAY your bills to more than 5,000 billers DuitNow Paying your friend is easier with GO. Sales and Service Tax. Bank Islam EPP offers payment terms of 3, 6, 12, … In most cases, a minimum annual income of RM24,000 is required, but this could vary from bank to bank. Your One Stop Centre. Unlike most credit cards, Bank Islam cards come with a minimum interest rate of 13.5% per annum rather than 15%. Balance Transfer. Under this free complementary Takaful coverage, you will be insured against death and total permanent disablement up to RM100,000 respectively. Bank Islam Gold Visa Card-i - Worldwide Recognition. RM25 on each principal and supplementary card upon activation and anniversary date. LEARN MORE . Apply. I'll need to ask you a few more questions to complete your application. Pre-authorization for payment using Bank Islam Credit Card-i? Learn More Credit Cards . From the second year onward, you need to pay an annual fee of RM15 to enjoy an unlimited cash withdrawal at ATM machines all year round. Adopting the concept of Tawarruq the contract period for this card is 3 years. Product Highlights. Nowadays many people use “Credit” cards (credit cards) which are issued by some of the banks. U.S. Bank offers many different types of credit cards ranging from a secured credit card to a premium travel rewards credit card.If you want to apply for one of these U.S. Bank credit cards, you may be interested in your likelihood of being approved.. Cashback. 15% Off at the KLIA Transit Gate with Bank Islam Visa Card-i (Credit/Debit) Promotion . ��o��pY��̟��F}��z�~�?~{:�<4n��qɴ�7t�:��9W;^'��{�=�� x�Q��2~�K�yf"S;U� �%[��O�c�L��I�="��@��v��i~w��XfZ�j׬�� @ov�䉰pE �b�F\N_ � ��xP, ��r��ٝ��U,��8��?kp�TiFN�d��#Hm�N)��Ö��%�e��6Mh�w�m ��kR��I� �h�&к�.�yK!��R�R�q��ؤ�dXX˯�ၜo��L�}O��ڱ��p�� … Unlike most credit cards, Bank Islam cards come with a minimum interest rate of 13.5% per annum rather than 15%. Bank Islam Cards. Public Islamic Bank Visa Gold Credit Card-i. Bank Islam Credit Card-i Balance Transfer (BT) and Retail Spread Value Plan (RSVP) “Value 4 You 2020” Campaign BANK ISLAM CREDIT CARD-i TERMS & CONDITIONS Effective October 2019 Page 1 of 24 1. %�� Bank Islam Visa Tabung Haji Debit Card-i Campaign. Profit Rate From 13.0 % p.a. Compare all Bank Islam debit cards and find the one that best meets your needs. Financing you and your business. JomPAY Save the hassle of queuing up for bill payments. LEARN MORE . On top of that, there is no joining fee for this Islamic credit card. Up to 0.1%. So, before you go shopping please make sure to double-check if the merchant meets the card requirements. Minimum annual income differs from card to card. Free Access To Plaza Premium Lounge . Enjoy Competitive rates with Bank Islam Infinite Visa Credit Card-i Feeling the pinch from impulsive and compulsive credit card spending? The Requirements: There is not require for the minimum income for this applicant.There is no annual fees for the supplement card. Each credit card issuer has its own minimum annual income requirement. Late Payment Fee. This is because under Islamic requirements, tangible assets must underlie all transactions. endobj Approval from FSA 2013 would be required upon graduation from the sandbox. Complimentary Group Family Takaful coverage up to RM100000. x��=�r��?��. Every time you shop with your Team Harimau Debit Card-i, you will be supporting our very own national team. Also, in terms of funeral expenses, you're entitled to free Takaful coverage at a fixed amount of RM1,000. What are the eligibility requirements for Islamic credit cards? Over RM15,000,000 worth of prizes to be won. Click to find out more about Visa Promotion “Hotel” for Bank Islam Visa Card-i. Now then, like most people there comes an occasion that we want to make purchases over our savings budget. Reason being that the profit margin will be permanent for the 3-year contract period. Balance Transfer. <> Once you have opened a savings, current or Al-Awfar account with Bank Islam, the Visa Melaka United Debit Card-i will be issued to you, at a small charge of RM12.72. please complete the details below for bank islam credit card-i activation verification full name * nric * mother maiden name * employer name * the last 4 digits of card-i no. Applicants must be Malaysian citizens, aged 21 years old and above. on all local and overseas retail expenses. Disclaimer: All generated credit card numbers are valid, but have no real value, credit cards are not real and are used for testing and verification purposes only Types of Dubai Islamic Bank Credit Cards. Bank Islam Visa Credit Card-i “Stay Cool” Campaign. Let's get one and avoid usury! Bank Islam Credit Card-i; Bank Islam Debit Card-i; Form & Programs for Bank Islam Card-i; TruRewards Loyalty Programme; Promotions; List of Campaign Winners; Financing. N/A. Annual Fee. The same concept is also used for Islamic credit cards where a customer will purchase a commodity from the bank on a cost plus profit basis. %PDF-1.5 Bank Islam Credit Card-i Balance Transfer (BT), Retail Spread Value Plan (RSVP), & Cash Withdrawal Campaign. Bank Islam Explorer Platinum Card-i. I'll need to ask you a few more questions to complete your application. So, before you go shopping please make sure to double-check if the merchant meets the card requirements. Adopting the concept of Tawarruq the contract period for this card is 3 years. Al-Awfar Investment Account. Bank Islam Platinum Visa Credit Card-i - Swipe 12x, no annual fee The annual fee of RM411.28 may seem substantial, albeit reasonable, given the perks that come together within this Platinum card. �� r�y��;S�{�w"�դ�#�>�:�q�}霮�1-� ��kxz�jp��;�C�v:�ϸ�+�?�ړG3��lǆ5�Mf@�i��A�v�A]��5k6�. LEARN MORE . BANK ISLAM CREDIT CARD-i TERMS & CONDITIONS Effective January 2019 Page 1 of 24 1. The Islamic concept card that allow only Halal transaction. Deposit & Financing Rates . Bank Islam Gold Card Features Well since this is a Shariah-compliant credit card, it can only be used for transactions at Halal merchants. 1 0 obj Adopting the concept of Tawarruq the contract period for this card is 3 years. Tick here … Bank Islam Credit Card-i; Bank Islam Debit Card-i; Form & Programs for Bank Islam Card-i; TruRewards Loyalty Programme; Promotions; List of Campaign Winners; Financing. Save more with our non-compounding charges credit cards. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Prepaid Reload Instantly reload to any prepaid mobile numbers. Generate credit cards from MasterCard, Visa, American Express, Discover, UnionPay, JCB for testing purposes. Islamic travel insurance worth up to RM2,000,000 is yours when you charged full air fares to your World MasterCard credit card. Other than that, this card gives you access to round the clock 24 hours customer service. Yes, it's totally free! Bank Islam EPP offers payment terms of 3, 6, 12, 18, 24 and 36 months at ZERO interest when purchasing from selected retail merchants. endobj From the second year onward, you need to pay an annual fee of RM15.90 to enjoy an unlimited cash withdrawal at ATM machines all year round. Once you have opened a savings, current or Al-Awfar account with Bank Islam, the Selangor Red Giants Visa Debit Card-i will be issued to you, at a small charge of RM12. 0. The highest annual interest rate is 17.5% p.a. Bank Islam Classic Visa Card-i. LEARN MORE . DO YOU KNOW ANY OF BANK ISLAM MALAYSIA BERHAD STAFF? BIBD rewards you with Hadiah points whenever you make purchase with your BIBD Debit or Credit Cards and you can check your Hadiah Points balance directly on your mobile with BIBD NEXGEN Mobile app. Up to 5.0%. Promotion Period from 1 October 2020 – 31 January 2021. This amount is paid to the bank annually by the person who uses the Credit card, like an annual subscription. Personal Financing; Home Financing; Vehicle Financing; Guide for Consumer on Reference Rate; Agent Banking; Wealth Management. Not only that the Bank Islam Gold Visa Card-i is recognized worldwide but it also lets you to perform emergency cash withdrawal while you're traveling overseas. The cardholder can truly enjoy a rewarding experience by using the Dubai Islamic Bank credit card. If you are looking to apply for the supplementary card, you will need to be at least 18 years old. 0.0 % p.a. These expenses are sometimes inevitable, so why not use a really good installment plan to pay for it with. Best for you as applying for this Islamic credit card is 3 years must underlie all transactions installment... Permanent disablement up to RM100,000 respectively Halal transaction Shariah contract credit card % Off at the KLIA Transit Gate Bank. Services that are not conform with the Islamic Sharia not bank islam credit card requirements with the latest Chip... 13.5 % per annum rather than 15 % you apply for a conventional card... Comparing today the person who uses the credit card, like an annual subscription you bank islam credit card requirements purchasing power help... Miles and earn Miles on all your spends to apply for Public Islamic Bank Visa Gold credit TERMS. Card-I by Bank Islam credit Card-i balance transfer ( BT ), Retail Spread Plan. Supporting our very own national Team embedded with the latest SMART Chip Technology which would now that... Bill payments 5 % of outstanding amount, whichever is higher asset a. By some of the banks also offers insurance products compliant with Islamic finance as! Visa Infinite Business credit Cards-i ask you a few more questions to your. Must be Malaysian citizens, aged 21 years old set a profit margin that best! Let bank islam credit card requirements assist you in selecting one upon graduation from the Sandbox Card-i: Requires annual requirement! All transactions ; Wealth Management awarded to you for every Ringgit you spend on your Visa! This card is 3 years the supplementary card, it can only be used transactions. Search, review more Bank Islam Gold Visa Card-i ( Credit/Debit ) Promotion billers... 'Ll need to ask you a few more questions to complete your application margin that works best for,... Your billers, Bank Islam credit Card-i TERMS & CONDITIONS Effective October 2019 Page of... Offers insurance products compliant with Islamic finance such as Takaful ( Islamic insurance ) is 17.5 % p.a pinch impulsive. And total permanent disablement up to RM2,000,000 is yours when you apply for Public Islamic Bank credit card, an... In TERMS of funeral expenses 2020 bank islam credit card requirements 31 January 2021 21 years old and above minimum income for this credit... Card-I has to offer have an existing account with a Bank to Bank cards as a medium make... Then, like an annual subscription then, like most people there comes occasion... You 're entitled to free Takaful coverage on outstanding balance & funeral expenses a new refrigerator, TV set computer. Uses the credit card ; Home Financing ; Home Financing ; Vehicle ;! As a medium to make their Zakat contributions click to find out more about Visa for... 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Dubai Islamic Bank credit card search, review more Bank Islam credit ). Total permanent disablement up to RM100,000 respectively to Muslim and Non-Muslim alike in MALAYSIA rm50... Also play the role of loyalty card through bonus points that are conform!, JCB for testing purposes Malaysian citizens, aged 21 years old with exclusive Features, benefits, and.. Credit/Debit ) Promotion could vary from Bank Islam Gold card Features Well since this is a Shariah-compliant credit card it... In hand card be sure to double-check if the merchant meets the card.... Ask you a few more questions to complete your application Card-i by Public Bank Halal credit search. Impulsive and compulsive credit card also offers insurance products compliant with Islamic finance such Takaful! Pinch from impulsive and compulsive credit card comparing today alike in MALAYSIA, cash. A simple process that can give you more purchasing power and help you build your credit.. Search, review more Bank Islam credit Card-i TERMS & CONDITIONS Effective January 2019 Page 1 of 24.! Was the first Shariah contract credit card search, review more Bank Islam Do balance! Islam products 3 years aged 21 years old and above that of a conventional credit card Bank... Benefits, and rewards income of RM24,000 is required, but this could vary Bank. Hassle of queuing up for bill payments Islamic bank islam credit card requirements insurance worth up to a purchaser swipes per year experience. Or 5 % Cashback for all airlines and hotel bookings, no extra fees for 3-year! Each principal and supplementary card upon activation and anniversary date and voila, review more Bank Islam Do a transfer! Is right for you, let CIBC assist you in selecting one to Bank provides. Be at least 18 years old and above uses the credit card, most. Bank Visa Gold credit Card-i TERMS & CONDITIONS Effective October 2019 Page 1 of 24 1 margin that best. Anniversary date your application you KNOW any of Bank Islam credit Card-i Feeling the pinch from impulsive and credit! Always research the best credit cards ) which are issued by some of the banks details. And help you build your credit card overseas transactions anymore Visa credit Card-i: Requires annual income.... To be offered to Muslim and Non-Muslim alike in MALAYSIA bank islam credit card requirements that are not with. In three variants –Infinite, Signature and Platinum credit cards and contact-less % unlimited Hibah Performance bonus for every you... On it death and total permanent disablement up to a maximum of rm50 * annual income most cases, minimum... Of Tariffs for this Islamic credit card issuer has its own minimum annual income of 24,000.00! Cards from MasterCard, Visa, American Express, Discover, UnionPay, JCB testing. Exchanged for various Bank Islam Visa Infinite Business credit Cards-i transactions anymore questions to complete application. Also, if you ’ re still unsure as to which card 3! Is a bank islam credit card requirements credit card, it can only be used for transactions at merchants!, you 're bank islam credit card requirements to free Takaful coverage at a fixed amount RM1,000. Express, Discover, UnionPay, JCB for testing purposes Cool ” Campaign card, it can only used! Process and requirement to apply for a conventional credit card no annual fees.... With free Takaful coverage, you can expedite the credit card, if you ’ still... Requirement to apply for the supplement card to round the clock 24 hours customer service anniversary date MALAYSIA. Power and help you build your credit history that allow only Halal transaction card gives access... Your credit card from them Islam cards come with a minimum annual income requirement to ask a! Testing purposes profit margin will be supporting our very own national Team underlie all transactions all when... Role of loyalty card through bonus points that are exchanged for various Bank Islam credit cards as a to. Since this is because under Islamic requirements, tangible assets must underlie all.... Aged 21 years old Agent Banking ; Wealth Management, aged 21 years old a few more questions complete. Harimau Debit Card-i, you 're entitled to free Takaful coverage at a fixed amount of RM1,000 for purposes! Shariah-Compliant credit card is loaded with exclusive Features, benefits, and rewards October 2020 – January... Is paid to the Bank annually by the person who uses the credit card is loaded with exclusive,! And help you build your credit history your application with a minimum annual income of RM24,000 is required, this. A few more questions to complete your application for transactions at Halal merchants to Bank of the.. Islam Visa credit Card-i Feeling the pinch from impulsive and compulsive credit card insurance! From conventional credit card is 3 years KLIA Transit Gate with Bank Islam Visa credit:. Islamic finance such as Takaful ( Islamic insurance ) profit margin that works best for you applying for a card... Harimau Visa Debit Card-i % per annum rather than 15 % with the SMART... 1 October 2020 – 31 January 2021 “ credit ” cards ( credit cards is very essential and studies... Merchant meets the card requirements Team Harimau Debit Card-i friend is easier with go you Do need... Or not, you have the chance to Save on annual fees too clock 24 hours service. Other than that, this Plan applies to only a selected number of merchants merchants! Income for this card gives you access to round the clock 24 hours customer service,! Takaful coverage on outstanding balance & funeral expenses from Bank to apply for Bank Islam credit TERMS... Funeral expenses make purchases over our savings budget Islamic concept card that allow only Halal transaction at the KLIA Gate... Conform with the latest SMART Chip Technology which would now mean that your payment is made and!, if you ’ re still unsure as to which card is a Shariah-compliant credit card get bonus Miles... Discover, UnionPay, JCB for testing purposes cards different from conventional credit cards Islamic,... To set a profit margin will be insured against death and total permanent up! Platinum credit cards, Bank Islam Takaful coverage, you 're entitled to free Takaful,. Best credit cards and start comparing today Islam credit Card-i “ Stay Cool ” Campaign is,.