Islamic Mastercard Gold Card-i

What makes this card Islamic

AmBank Islamic builds this card on a Tawarruq contract. The bank sells you a commodity on credit at a marked-up price, you sell that commodity to somebody else for cash, and the cash becomes your spending limit.

PDS dated 1 July 2026: "The underlying Shariah principles for this Credit Card-i are Tawarruq, Murabahah, Wa'd and Wakalah." AmBank Islamic buys Shariah-compliant commodities (the PDS names crude palm oil) from commodity sellers, sells them to the cardholder on Murabahah at the Bank's Selling Price on a deferred basis, then as the cardholder's agent sells them to third-party purchasers at cost on a spot basis; the proceeds constitute the credit limit. Unutilised credit limit is held under Wadiah (safe custody) and any bank use of it is treated as an incidental Qard (Cardholder Agreement, December 2025, clause 1.3). MIGRATION: AmBank Islamic converted the underlying Shariah principle of ALL its credit cards-i from Ujrah to Tawarruq with effect from Wednesday, 17 December 2025, per its own notice dated 17 November 2025. The superseded PDS (Wayback capture 2025-10-17) reads "The underlying Shariah principle for this Credit Card-i is Ujrah and Shariah contract of Qard." No primary-source evidence was found that these cards used Bai' al-Inah immediately before the change; the structure replaced was Ujrah + Qard. (Secondary literature records AmBank's original 1990s/2000s Al-Taslif Card as a Bai' al-Inah product, but no AmBank primary source confirming that was located.)

Approved by AmBank Islamic Shariah Committee, under the supervision of Bank Negara Malaysia.

What it costs

Every figure below comes from AmBank Islamic’s own published documents. Where the bank does not publish a number we say so rather than estimate it.

Annual fee

No annual feeFree-For-Life, no conditions attached (principal card)source

Supplementary card

RM 0Free-For-Life, no conditions attachedsource

Profit rate

1.25% a month on the outstanding balance15% a year as stated by the banksource

Cash withdrawal

Fixed RM16 per cash advance transaction plus 8% SST, plus profit at 1.5% per month / 18% per annum on a daily rest basis. NOTE: the conventional AmBank cards charge 1.3% of the amount withdrawn instead; the Islamic card charges a flat RM16.

Late payment

1% of the balance outstanding due, up to a maximum of RM100. NOTE: the Islamic section of the PDS states no minimum amount, whereas the conventional AmBank section of the same PDS states '1% ... or a minimum of RM10; whichever is higher, up to a maximum of RM100'. Only the Islamic wording is recorded here.1% of the balance outstanding due, up to a maximum of RM100. NOTE: the Islamic section of the PDS states no minimum amount, whereas the conventional AmBank section of the same PDS states '1% ... or a minimum of RM10; whichever is higher, up to a maximum of RM100'. Only the Islamic wording is recorded here.

Over limit

RM 6

Foreign currency spend

1% on top of the exchange rate

Replacement card

RM 12

What you get back

• Earn 1 AmBonus Point for every RM1 you spend

Other benefits

• Free supplementary cards (limited), per AmBank's card listing description

Before you apply

• Card Service Tax of RM25 per card per year is PASSED ON to the cardholder, for the principal card and for every supplementary card.
• The headline 15% p.a. profit rate is the best of three tiers; 10-11 prompt payments in 12 months puts you on 17% p.a. and a worse record on 18% p.a.
• AmBank Islamic publishes NO ceiling profit rate. The Selling Price is set by the formula Commodities Cost x Profit Rate x Period and the exact profit is only disclosed in the Approval Letter, so the contractual maximum is not visible before you apply.
• Ibra' is described only as a rebate on the profit attributable to the UNUTILISED credit limit, and 'may' be granted on settlement or termination - it is discretionary, not a stated formula.
• Cash advances carry a flat RM16 fee plus 8% SST regardless of size, plus 18% p.a. profit from day one - proportionally punitive on small withdrawals.
• Credit limit is approximately 3x monthly income, or up to 2x if annual income is RM36,000 or less (Bank Negara Malaysia rule).
• Closed to new applications - AmBank's own credit card listing states "This card is no longer available for new applications." Existing cardholders were included in the 17 December 2025 Ujrah-to-Tawarruq conversion.

Can you get it?

Other conditions

No income or age requirement is published - AmBank's listing states "This card is no longer available for new applications."

Where these figures come from

Last checked against AmBank Islamic’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.

• “The underlying Shariah principles for this Credit Card-i are Tawarruq, Murabahah, Wa'd and Wakalah. - AmBank Islamic Product Disclosure Sheet, Credit Card-i, dated 1 July 2026, section 1”
• “AmBank Islamic Berhad ("the Bank") will purchase Shariah compliant commodities such as crude palm oil (the "Commodities") from commodity seller(s). The Bank will then sell the Commodities to you as the cardholder on the basis of Murabahah at the Bank's selling price (which comprises the acquisition cost of the Commodities plus the profit of the Bank), which must be paid by you to the Bank by way of instalments on a deferred basis. - AmBank Islamic PDS dated 1 July 2026, section 1”
• “Please be informed that the conversion of the underlying Shariah principle of the existing AmBank Islamic credit cards-i ("Cards") from Ujrah to Tawarruq (the "Exercise") will take effect on Wednesday, 17 December 2025 - AmBank Islamic notice dated 17 November 2025”
• “There is no difference between your existing Cards which are based on Ujrah compared to Cards which are based on Tawarruq in respect of features, costs and commercial terms. - AmBank Islamic notice dated 17 November 2025”
• “PRE-MIGRATION (superseded): "The underlying Shariah principle for this Credit Card-i is Ujrah and Shariah contract of Qard." - AmBank Islamic PDS, Wayback capture 2025-10-17”
• “Rebate (Ibra') | The cardholder is entitled to a rebate on the total profit for the unutilised credit limit. - AmBank Islamic PDS dated 1 July 2026, section 2”
• “Tiered Profit Rates. For all AmBank Islamic Credit Card-i*: a) 1.25% per month or 15% per annum if you have promptly settled your Minimum Monthly Payment for 12 consecutive months. b) 1.42% per month or 17% per annum if you have promptly settled your Minimum Monthly Payment for at least 10 months in a 12-month cycle. c) 1.5% per month or 18% per annum if your payment record is not within either (a) or (b) above. - AmBank Islamic PDS dated 1 July 2026, section 2”
• “Profit Rate for Cash Advance. In addition to the Cash Advance Fee, a profit rate of 1.5% per month or 18% per annum calculated on a daily rest basis shall be imposed on the Cash Advance Amount from the date the Cash Advance is made until full payment is received - AmBank Islamic PDS dated 1 July 2026, section 2”
• “Annual Fee: Free For Life with no conditions for both Principal Card and Supplementary Card - AmBank Islamic PDS dated 1 July 2026, section 2”
• “Credit Card Service Tax: RM25 per card per year (Principal and Supplementary Card) - AmBank Islamic PDS dated 1 July 2026, section 2”
• “Cash Advance Fee: A fixed cash advance fee of RM16 plus the applicable Sales and Service Tax (SST) of 8%, will be imposed for each cash advance transaction. - AmBank Islamic PDS dated 1 July 2026, section 2”
• “Excess Limit Charge: Fixed excess limit fee of RM6 plus the applicable SST of 8%. - AmBank Islamic PDS dated 1 July 2026, section 2”
• “Card Replacement Fee: RM12 plus the applicable SST of 8% per Card. - AmBank Islamic PDS dated 1 July 2026, section 2”
• “The conversion rate is as determined by Mastercard International or Visa International plus a 1% foreign exchange conversion markup (previously known as administration cost) by the Bank on the converted Ringgit Malaysia amount. - AmBank Islamic PDS dated 1 July 2026, section 2”
• “Late Payment: 1% of the balance outstanding due or up to a maximum of RM100. - AmBank Islamic PDS dated 1 July 2026, section 3”
• “Credit Limit / Had Kredit: a) Approximately 3 times your monthly income; or b) Up to 2 times your monthly income if your income is RM36,000 per annum or less. - AmBank Islamic PDS dated 1 July 2026, section 2”
• “Earn 1 AmBonus Point for every RM1 you spend! - AmBank/AmBank Islamic Mastercard Gold Card product page”

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