Podcast
Questions and Answers
What is the Islamic concept behind the issuance of the credit card by alrajhi bank?
What is the Islamic concept behind the issuance of the credit card by alrajhi bank?
Shari’a compliant “Murabaha Finance”
What does the bank do with the card account funds according to the terms and conditions?
What does the bank do with the card account funds according to the terms and conditions?
The bank sets aside the funds in the card account and may not use it in any manner.
What is the cardholder entitled to do with the credit card?
What is the cardholder entitled to do with the credit card?
Buy goods and services legally permissible, and withdraw cash from ATMs/transfer amount from card to account.
What does the bank charge against each cash withdrawal or transfer amount?
What does the bank charge against each cash withdrawal or transfer amount?
What governs the relationship between alrajhi bank and the cardholder?
What governs the relationship between alrajhi bank and the cardholder?
What type of finance does the bank give to the cardholder?
What type of finance does the bank give to the cardholder?
What is the purpose of setting aside the card account with the bank?
What is the purpose of setting aside the card account with the bank?
What does the bank charge for each cash withdrawal or transfer amount?
What does the bank charge for each cash withdrawal or transfer amount?
What can the cardholder use the card for?
What can the cardholder use the card for?
What does the bank do with the funds deposited in the card account?
What does the bank do with the funds deposited in the card account?
What type of finance does the bank provide to the cardholder?
What type of finance does the bank provide to the cardholder?
What is the maximum limit for cash withdrawal defined by SAMA through the card?
What is the maximum limit for cash withdrawal defined by SAMA through the card?
What is the purpose of setting aside the card account with the bank?
What is the purpose of setting aside the card account with the bank?
What is the cardholder entitled to do with the credit card?
What is the cardholder entitled to do with the credit card?
What governs the relationship between alrajhi bank and the cardholder?
What governs the relationship between alrajhi bank and the cardholder?
