Mastercard Inspire Credit Card-i

What makes this card Islamic

Bank Islam Malaysia Berhad 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.

Bank Islam states the concept as Tawarruq: the customer buys a commodity from the Bank on Murabahah basis at the Bank's Sale Price (Bank acting as Purchase Agent), then the Bank as Sale Agent sells the commodity to a third-party commodity purchaser at cost price for cash, and the proceeds are credited for the customer's use. Ibra' (rebate) may be granted on part or all of the profit portion of the outstanding Bank's Sale Price on full settlement and cancellation. The Bank's fee schedule refers to 'profit/Ujrah rates' for retail transactions, but the named contract in both the PDS and the T&C is Tawarruq. No bai' al-inah wording appears in any current Bank Islam credit card document read; the phrase 'bai' al-'inah' on the product page occurs only inside a scholarly note comparing tawarruq with bai' al-'inah, not as the contract used.

Approved by Shariah Supervisory Council (SSC), under the supervision of Bank Negara Malaysia.

What it costs

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

Annual fee

No annual feeLifetime Annual Fee Waiver per product page; PDS annual fee table lists 'Platinum (Inspire) - Waived / Waived'.source

Supplementary card

RM 0Waived per PDS annual fee tablesource

Profit rate

17.5% a yearCORRECTED 2026-09-21 (DQ-7): this card was the one outlier in the Bank Islam range, recording the website's 18% band-top instead of the dated PDS figure every other Bank Islam card in this corpus uses -- an internal inconsistency, not a second primary-source read. Tiered effective ('actual') annual profit rate on purchases per the Product Disclosure Sheet effective 31 December 2025: 13.5% (Tier 1, prompt payments for 12 consecutive months), 16.0% (Tier 2, 10 or 11 prompt payments in the last 12 months), 17.5% (Tier 3, 9 or fewer prompt payments in the last 12 months). Cash withdrawal and transfer to a Bank Islam account is 18.00% p.a. -- this card's own quotes[] already carried this PDS figure correctly; only the profit_rate_annual_pct field and its source pointer had drifted to the product page. profit_rate_annual_pct now records the highest PURCHASE tier (17.5%), matching every other Bank Islam card. CONFLICT, same as the rest of the range: the bank's own product page displays 'Profit Rate 15% to 18% per annum (9% per annum for customer under Education Sector)', which does not match the 13.5/16.0/17.5 tiering in the PDS. The dated PDS is treated as authoritative; the website figure is recorded as a watch-out. This is the only Bank Islam card with a published sector-specific concessionary rate (9% p.a., Education Sector) -- that figure is recorded verbatim but could not be corroborated in the PDS. No separate numeric ceiling profit rate is published; the ceiling sits in the Bank's Sale Price and is rebated via ibra'.source

Cash withdrawal

Bank Islam ATM: 2.5% of cash withdrawn or RM12.00, whichever is higher. Non-Bank Islam ATM: 3% or RM50, whichever is higher.

Late payment

1% of the outstanding balance, minimum RM5, maximum RM501% of the outstanding balance, minimum RM5, maximum RM50

Over limit

RM 0

Foreign currency spend

1.25% on top of the exchange rate

Replacement card

RM 50

Takaful cover

Bank Islam provides a Takaful coverage plan for Bank Islam Credit Card-i cardmembers (https://www.bankislam.com/takaful-coverage/). Card pages additionally advertise complimentary Group Family Takaful Coverage and Travel Accident Personal Coverage; the coverage amount varies by card.

What you get back

• Lifetime annual fee waiver
• Product page states 9% per annum profit rate for customers under the Education Sector

Other benefits

• Lifetime annual fee waiver
• Travel Accident Personal Coverage up to RM1,000,000
• Group Family Takaful Coverage
• No compounding finance charges
• 20-day finance charge-free period on retail transactions
• GoCash, GoFlexi, Installment Plan Program and Balance Transfer

Before you apply

• Website product pages state 'Profit Rate 15% to 18% per annum', which conflicts with the 13.5% / 16.0% / 17.5% purchase tiering in the Product Disclosure Sheet and Fee & Charges schedule effective 31 December 2025. Verify with the bank before relying on either figure.
• The RM25 per card per year government service tax is passed on to the cardholder, and applies to each card (principal and supplementary), not once per account.
• The lowest 13.5% tier requires prompt payment for 12 consecutive months; 9 or fewer prompt payments in 12 months puts the cardholder on 17.5%.
• Grace period of 20 days applies to retail transactions only - not to balance transfers or cash withdrawals.
• Cash withdrawals and transfers to a Bank Islam account are charged 18.00% p.a. with no grace period, plus a cash withdrawal fee.
• Age-capped at 35 at application - the only Bank Islam credit card-i with an upper age limit.
• The 9% p.a. education-sector rate appears only on the product page and is not stated in the Product Disclosure Sheet effective 31 December 2025. Confirm eligibility and the rate with the bank.

Can you get it?

Age

21 to 35

Other conditions

Bank Islam states a MINIMUM ANNUAL INCOME of RM36,000 and an AGE REQUIREMENT of 21-35 years old for this card. This is Bank Islam's young-professional card and the only one in the range with an upper age limit at application.

Where these figures come from

Last checked against Bank Islam Malaysia Berhad’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 Shariah concept used is Tawarruq, i.e. the purchase of a commodity (i.e. assets to be transacted in the order of Tawarruq) on deferred payment basis by way of either Bai' Musawamah or Bai' Murabahah. The commodities are then sold for cash to a party other than the original seller. - Product Disclosure Sheet, 31 December 2025, p.1”
• “Purchase - 13.5% (Tier 1) / 16.0% (Tier 2) / 17.5% (Tier 3) ... Cash Withdrawal & Transfer to Bank Islam Account 18.00% - Product Disclosure Sheet, 31 December 2025, p.1”
• “To enjoy lower profit/Ujrah rates for retail transactions, you should make at least 10 prompt payments in the last 12 months. - Product Disclosure Sheet, 31 December 2025, p.1”
• “The Bank may grant Ibra' (rebate) on part or the entire profit portion from the outstanding Bank's Sale Price to the Cardmember upon full settlement and cancellation of BIC-i Facility. - Terms & Conditions effective 25 July 2025, clause 4(e)”
• “Late payment charges are 1% of the outstanding balance or a minimum of RM5 whichever is higher or a maximum of RM50 - Product Disclosure Sheet, 31 December 2025, p.4”
• “Over limit compensation fee / charge - None - Product Disclosure Sheet, 31 December 2025, p.2”
• “Card replacement fee - RM50 - Product Disclosure Sheet, 31 December 2025, p.2”
• “The exchange rate is as determined by Mastercard International or Visa International or any other brand owners of which the Bank is a member, plus a 1.25% conversion fee by the Bank on the converted Ringgit Malaysia amount. - Product Disclosure Sheet, 31 December 2025, p.2”
• “Service Tax - RM25 per card per year - Product Disclosure Sheet, 31 December 2025, p.2”
• “Bank Islam's ATM - 2.5% of the cash withdrawn or RM12.00 (whichever is higher). Other than Bank Islam's ATM - 3% of the cash withdrawn or RM50 (whichever is higher). - Product Disclosure Sheet, 31 December 2025, p.2”
• “BIC-i Financing Limit: a) 2 times salary (for income earners of RM24,000 - RM36,000 per annum); or b) 2.5 times your salary (for income earners of RM36,000 and above per annum) - Product Disclosure Sheet, 31 December 2025, p.1”
• “Minimum Annual Income RM36,000 / Age Requirement 21-35 years old / Contract Tawarruq / Profit Rate 15% to 18% per annum (9% per annum for customer under Education Sector) - Bank Islam Mastercard Inspire Credit Card-i product page”
• “Lifetime Annual Fee waiver - product page”

• Product page
• Schedule of charges
• Terms and conditions