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Islamic Credit Cards

Malaysia · 2 cards

alrajhi bank Malaysia Islamic credit cards

Every Shariah-compliant card alrajhi bank Malaysia currently offers, with the contract behind each one and the fee schedule it came from.

Fully Islamic bank1 with no annual feeTawarruq

Who alrajhi bank Malaysia are

A fully Islamic bank — every product it offers is Shariah-compliant.

Licensed Islamic bank; a Malaysian subsidiary of Al Rajhi Bank of Saudi Arabia. Launched a consumer Credit Card-i range (Visa Platinum and Visa Signature) in 2026, structured under Tawarruq — a genuinely new entrant to the Malaysian Islamic credit card market rather than a converted legacy product. One shared Product Disclosure Sheet dated 18 March 2026 covers both cards. The bank also issues a Debit Card-i and a Rafahia Debit Card-i (not credit cards, excluded). No ceiling profit rate is published for the credit cards; the published rates are the BNM tiered structure (15% / 17% / 18% p.a.). The RM25/year government service tax per card is passed on to the cardholder, not absorbed.

Legal name
Al Rajhi Banking & Investment Corporation (Malaysia) Bhd 200501036909 (719057-X)
Founded
2005
Parent group
Al Rajhi Bank (Saudi Arabia)
Head office
Kuala Lumpur, Malaysia
Regulator
Bank Negara Malaysia
Shariah board
Shariah Boardsource
alrajhibank.com.my

All 2 alrajhi bank Malaysia Islamic credit cards

Visa Platinum Credit Card-i

5% cashback on dining, groceries, online transactions and utility payments, capped at RM30 per month

Annual fee
No annual fee
Profit rate
18%
Minimum income
Not published
Structure
Tawarruq
Cashback

Full breakdown

Visa Signature Credit Card-i

Up to 10% cashback on overseas spend, capped at RM80 per month

Annual fee
RM 500
Profit rate
18%
Minimum income
Not published
Structure
Tawarruq
Cashback

Full breakdown

Other Islamic card issuers in Malaysia