La-Riba Islamic Credit Card — Platinum

What makes this card Islamic

Al-Arafah Islami Bank builds this card on a Qard Hasan + Ujrah contract. The bank lends you the money and you pay back exactly what you borrowed, not a penny more.

Revolving Qard with a flat monthly fee, named explicitly by the bank. True revolving credit card: 'He/she can pay full, minimum or partial payment', minimum payment Tk. 500 or 5% of total due whichever is higher. THE PLATINUM TIER IS SUBDIVIDED INTO 24 SUB-TIERS in the Schedule of Charges — Platinum, then Platinum 1+ through Platinum 23+ — each with its own escalating Monthly Service Charge. The Monthly Maintenance Fee stays at Tk. 570 throughout; the Service Charge rises from Tk. 1,400 (Platinum) by Tk. 1,000 per sub-tier to Tk. 24,400 (Platinum 23+), giving total monthly charges from Tk. 1,970 to Tk. 24,970. This ladder is how the bank scales its return with the size of the facility while keeping every charge a fixed money amount rather than a percentage — the structural device that keeps a revolving qard Shariah-compliant.

Approved by Al-Arafah Islami Bank Shariah Board, under the supervision of Bangladesh Bank.

What it costs

Every figure below comes from Al-Arafah Islami Bank’s own published documents. Where the bank does not publish a number we say so rather than estimate it.

Annual fee

Tk 3,000Waived from year two if 18 or more POS/e-commerce transactions are made over the year.source

Supplementary card

Tk 0First supplementary card free; second and onward Tk. 3,000, waived on 18 transactions per card per year. Each supplementary cardholder also gets the same airport lounge access as the primary.source

Profit rate

Not publishedNo percentage rate. Total monthly carrying cost is Tk. 1,970 at base Platinum (Tk. 1,400 service charge + Tk. 570 maintenance fee), rising through 23 further sub-tiers to Tk. 24,970 at Platinum 23+. No profit-free or grace period is published anywhere on the product page or in the Schedule of Charges.

Cash withdrawal

Tk. 150 at an AIBL ATM, Tk. 170 elsewhere, Tk. 200 on the Mastercard/Visa network. Cash advance limit 50%. Platinum per-day limit BDT 200,000, which can be raised to the full credit limit on cardholder request.

Late payment

Tk 500Published as a 'Collection and File Maintenance Fee'.

Foreign currency spend

2% on top of the exchange rate

Replacement card

Tk 500

What you get back

Other benefits

• Complimentary access to Balaka Lounge and worldwide international airport lounges — and each supplementary cardholder gets the same access
• No annual fee in year one; waived thereafter on 18 transactions a year
• First supplementary card absolutely free
• Dynamic currency facility
• Instalment facility to convert usage into easy instalments
• Per-day spend limit of BDT 200,000, extendable to the full credit limit on request
• Free auto-debit of the minimum or total amount due from an AIBL account

Before you apply

• THE 24-SUB-TIER SERVICE CHARGE LADDER IS THE THING TO UNDERSTAND. Your monthly cost is set by which Platinum sub-tier you are placed in, from Tk. 1,970 to Tk. 24,970 a month. The bank does not publish what determines your sub-tier.
• The lounge benefit differs by sub-tier: 4 visits a year for Platinum and Platinum 1+, 6 visits for Platinum 2+ and above — so the marketing claim of '6 times in a year' does not apply to the entry Platinum tier.
• No grace period is published.
• Pre-closure fee of Tk. 500 if closed within the first year.
• 2% international markup; 1% on mobile-wallet transfers.
• The card is contractually restricted to 'purchasing Shariah allowed products and services'.
• Schedule of Charges in use is effective 13 November 2024; the bank's credit-card charges page renders its documents as images with no links, so a newer version may exist unread.
• Use aibl.com.bd — al-arafahbank.com times out from outside and al-arafahbank.com.bd is NXDOMAIN.

Can you get it?

Other conditions

The most detailed self-employed and professional eligibility documentation of any bank in this dataset — separate published tracks for account-paid salaried, partially-account-paid salaried, proprietorship, partnership, limited company, and doctors/professionals/landlords. No income floor or age band is published. The bank's online application form has a 'Monthly Income' field with no stated threshold; the form was NOT filled in or submitted.

What to have ready

• Completed La-Riba Islamic Credit Card Application Form with applicant signature
• National ID copy
• E-TIN copy
• 2 copies passport-size recent photograph
• Utility bill copy (if any) and valid passport copy (if any)
• Salaried: latest salary certificate or 3 months' pay slips with authorised signature, plus latest 6 months' bank statement
• Partially account-paid salaried: original salary certificate, 6 months' cash vouchers, 6 months' pay slips, 6 months' bank statement
• Proprietorship: 6 months' personal and firm bank statements, membership certificate, trade licence (latest and 2 years old)
• Partnership: 6 months' personal and firm bank statements, partnership deed, trade licence
• Limited company: 6 months' personal and company bank statements, MoA and AoA, Certificate of Incorporation, latest Schedule X, trade licence
• Doctor / professional / landlord: 6 months' bank statement; BMDC copy for MBBS doctors; permission-to-practise certificate for lawyers, engineers and consultants; land ownership document and rent deed for landlords

Where these figures come from

Last checked against Al-Arafah Islami Bank’s published documents on 2026-08-17. Banks change fees without notice, so treat the bank’s own document as the final word, not this page.

• “It is a revolving Quard facility based card only for purchasing Shariah allowed products and services. — https://www.aibl.com.bd/cards/la-riba-platinum-card/”
• “He/she can pay full, minimum or partial payment but if does not pay total bill charges will applicable. — https://www.aibl.com.bd/cards/la-riba-platinum-card/”
• “Product-wise Monthly Maintenance Fee & Monthly Service Charge: Platinum | 1400 | 570 | 1970 ... Platinum 23+ | 24400 | 570 | 24970 — AIBL Master Circular of Schedule of Charge w.e.f. 13.11.2024”
• “Service Charge (Platinum product is divided into several tiers. Respective fees and charges would be applicable according to tier structure) — AIBL Schedule of Charges”
• “Airport Lounge facilities — Complimentary access to Balaka Lounge and worldwide international airport 6 times in a year. Each Supplementary card holder also avail same airport facilities. — https://www.aibl.com.bd/cards/la-riba-platinum-card/”
• “Lounge Usage (per year) | Platinum and Platinum 1+: 4 times / Platinum 2+ and above: 6 times — AIBL Schedule of Charges, Usage Parameters”
• “Platinum Card Per Day Limit (can be increased up to full credit limit as per C/H Request) | BDT 200000 — AIBL Schedule of Charges, Usage Parameters”
• “Free Supplementary Card — La-Riba Islamic Credit Card holders will get the 1st supplementary card is absolutely free. — https://www.aibl.com.bd/cards/la-riba-platinum-card/”
• “Minimum Payment | 500 or 5% of total due whichever is higher (with fees & charges) — AIBL Schedule of Charges”

• Product page
• Schedule of charges