Credit Card | ahli islamic

Credit Card

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To cater to the need of customers, Ahli Islamic Services has developed first of its kind Shari’a based Credit card product. The Credit Card, which is based on the principle of Ujra, is the first ‘Socially Responsible’, credit card in the Sultanate of Oman, which gives flexibility to a cardholder to utilize card limit for any Shari’a compliant purposes and pay certain fee against the availed services. The product is designed in such a way that it is free of any ambiguity and interest. As per Shari’a rules, Ahli Islamic cannot charge customers with any interest amount on the amount withdrawn through the card and in cases cardholder delays in making timely payment, the cardholder undertakes to certain amount as charity, which is not considered as an income of Ahli Islamic Banking Services, rather that is spent for charity purposes. The product entails two variants:

  • Visa Signature Credit Card
  • Visa Platinum Credit Card

Features and Benefits:

  • Tie up with Charity Organizations in Oman. Ahli Islamic Banking Services contributes 0.50% to charity organization every time the cardholder uses his/her card on purchase transaction
  • Objective is to promote ‘Social Responsibility’. Every time the card is used at POS, the cardholder will have a feel of contributing to charity.
  • Providing flexibility to cardholder to select the Card Type, Credit limit and Monthly fee which he/she wishes to pay.
  • Sharia compliant – Concept of charging monthly fees
  • Usage blockage in non-Sharia compliant areas such as alcohol, pork related products, gambling, casinos etc.
  • Takaful insurance coverage on the Card.
  • SMS Alert, Purchase protection, ID theft protection on Card.

Value Added Services for Visa Signature Card

  • Free Unlimited Access to Over 500 Airport Lounges Globally
  • Free 24 Hours Concierge Services
  • Up to 25% Discount on Fine Dining Restaurants
  • Multi Trip Insurance Up to USD 500,000 – Medical, Personal and Travel Insurance
  • Travel Insurance Coverage – Multi Trip Travel Insurance, Baggage Delay, Baggage Loss, Documents Loss
  • Purchase Protection – Theft / Damage
  • 1 Year Extended Warranty – Above Manufacturer’s Warranty
  • Concierge Services

Fees and Charges

Visa Platinum Card and Visa Signature Card
Issuance Fee Nil
Annual Fee Nil
Monthly Fee As per Card Type and Limit
Minimum Payment 3%
Cash Advance Up to 20% of Total Limit
Cash Advance Fee Nil
Card Replacement Fee OMR 10
Late Payment Fee 0.05% from the outstanding
Over Limit Fee OMR 10