AmBank Islamic credit cards

Who AmBank Islamic are

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

Licensed Islamic bank subsidiary of AMMB Holdings Berhad (AmBank Group); formerly AmIslamic Bank Berhad. Consumer credit card-i range verified from AmBank's own credit card listing: 6 active (Islamic Visa Infinite Card-i, Islamic Visa Signature Card-i, Islamic Visa Platinum Card-i, Islamic Visa Platinum CARz Card-i, Islamic SIGNATURE Priority Banking World Mastercard-i, SIGNATURE Priority Banking Visa Infinite Credit Card-i) and 6 marked "no longer available for new applications" (Islamic World Mastercard-i, Islamic Mastercard Platinum Card-i, Islamic Mastercard Platinum CARz Card-i, Islamic Visa Gold CARz Card-i, Islamic Visa Gold Card-i, Islamic Mastercard Gold Card-i). A 13th, e-Cosway, is named only in AmBank Islamic's own conversion notice and has no live product page. SHARIAH STRUCTURE: Tawarruq, Murabahah, Wa'd and Wakalah, with commodities stated as Shariah-compliant goods such as crude palm oil; unutilised credit limit held under Wadiah and incidental bank use treated as Qard. This REPLACED an Ujrah + Qard structure with effect from Wednesday 17 December 2025, per AmBank Islamic's own notice dated 17 November 2025, which converted ALL AmBank Islamic credit cards-i and offered an opt-out that would cancel the card. PRICING: a single PDS (dated 1 July 2026) covers all cards-i - annual fee Free-For-Life with no conditions on both principal and supplementary cards; tiered profit rate 15% / 17% / 18% p.a. (1.25% / 1.42% / 1.50% per month); NO CEILING PROFIT RATE IS PUBLISHED, which is a material disclosure gap against RHB Islamic's stated 28% ceiling; cash advance a flat RM16 plus 8% SST plus 18% p.a.; excess limit RM6 plus SST; card replacement RM12 plus SST (both cut from RM9 and RM25 respectively on 1 July 2026); FX conversion markup 1%; late payment 1% of the outstanding balance capped at RM100 (the Islamic section, unlike the conventional section of the same PDS, states no RM10 minimum); Card Service Tax RM25 per card per year on principal and supplementary cards, passed on to the cardholder. Credit limit is approximately 3x monthly income, or up to 2x where annual income is RM36,000 or less. Incorporation year not asserted because no primary source stating it was located; Shariah Committee member names are loaded client-side on the AmBank Group page and were not retrievable.