BSN-UUM Al-Aiman Mastercard Gold Credit Card-i

What makes this card Islamic

Bank Simpanan Nasional (BSN) 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.

BSN converted its whole Credit Card-i range from Ujrah to Tawarruq with effect from 26 July 2025. The current structure is Tawarruq executed through a Wakalah dual-agency mechanism: the customer appoints BSN as purchase agent to buy a commodity from BSN on Murabahah at the bank's sale price, then as sale agent to sell it to a supplier for cash at the bank's purchase price; the proceeds become the card facility limit, held under Dayn (debt obligation), with repayments restoring the limit as Wadi'ah (trust) and any unutilised limit netted off by Muqasah at renewal or settlement. The bank's purchase price equals the facility limit; the bank's sale price is that plus the profit amount computed at a CONTRACTED (ceiling) profit rate of 18% per annum over a five-year contract period. Bai' al-inah is not named anywhere in the November 2025 PDS, the cardmember agreement, or the conversion FAQ. BSN's own conversion FAQ confirms the previous structure was Ujrah, not bai' al-inah.

Approved by Shariah Committee of Bank Simpanan Nasional, under the supervision of Bank Negara Malaysia. BSN's own Al-Aiman Credit Card Product Disclosure Sheet (valid as of November 2025) instructs cardholders whose complaints are unresolved to contact Bank Negara Malaysia or BNMLINK, and to seek AKPK, the agency BNM established for credit counselling. BSN is a savings bank owned by the Government of Malaysia; the specific establishing statute (BSN Act) was not verified against a primary source in this session..

What it costs

Every figure below comes from Bank Simpanan Nasional (BSN)’s own published documents. Where the bank does not publish a number we say so rather than estimate it.

Annual fee

No annual feeWaived for life for principal and supplementary cards, no conditions attached.source

Supplementary card

RM 0Waived for life, no conditions attached. Up to 5 supplementary cards for spouse, children and immediate family aged 18 and above.source

Profit rate

9.95% a yearThe contracted (ceiling) profit rate written into the aqad is 18% per annum over a five-year contract period; what the cardholder actually pays is the lower 'Actual Profit Charge' below, which is the ibra'-adjusted rate. BSN publishes no monthly retail profit rate; cash advance is stated as 1.5% per month = 18% p.a. Actual Profit Charge on retail purchases for the UUM Gold and UUM Platinum cards: Tier I 9.95% p.a., Tier II 13.5% p.a., Tier III 17.5% p.a. Tier I = minimum payment settled promptly for 12 consecutive months; Tier II = 10 or more prompt payments in a 12-month cycle; Tier III = everyone else.source

Cash withdrawal

2.69% of the amount withdrawn or a minimum of RM12.75, whichever is higher, per cash advance transaction. Cash advance profit is charged at 1.5% per month (18% p.a.) calculated daily from the withdrawal date, with no profit-free period. Withdrawals are capped at 75% of the available facility limit.

Late payment

Compensation fee on late payment (ta'widh): 1% of the total outstanding balance as at the statement date, comprising retail transactions and cash advance only, capped at RM100.Compensation fee on late payment (ta'widh): 1% of the total outstanding balance as at the statement date, comprising retail transactions and cash advance only, capped at RM100.

Foreign currency spend

1% on top of the exchange rate

Replacement card

RM 50

Takaful cover

Complimentary automatic travel accident takaful coverage of up to RM100,000 when the full travel fare is charged to the card, plus inconvenience benefits: lost luggage (over 48 hours) up to RM1,600, delayed luggage (over 6 hours) up to RM1,600, flight delay (over 6 hours) up to RM600, missed connection (over 4 hours) up to RM600. Optional BSN Credit Card-i Protector is available separately.

What you get back

• 1x Happy Point per RM1 of local retail spending
• 2x Happy Points per RM1 of overseas retail spending
• Happy Points redeemable for Enrich Points, AirAsia points, gifts and retail vouchers
• Complimentary supplementary card

Other benefits

• No annual fee for life on principal and supplementary cards, with no conditions
• Non-compounding profit charges - charged only on the outstanding balance
• 20-day profit-free period on retail transactions if the previous month's retail balance is settled in full by the due date
• BSN Balance Transfer Programme, BSN EasyCash Plan (0% profit charge), BSN Instalment-Pay Plan and BSN 0% EasyPay Plan (up to 36 months)
• Auto Balance Conversion Programme converts outstanding balances to instalments at a 13% profit charge
• Card auto-enabled for contactless toll payment via Touch 'n Go
• RM25 service tax rebate for new cardmembers in the first year, on at least one transaction within 6 months of approval
• Complimentary travel accident takaful up to RM100,000 plus luggage and flight-delay inconvenience benefits
• Accepted at over 29 million merchants and 1 million ATMs worldwide

Before you apply

• RM25 SST per year on the principal card and a further RM25 on each supplementary card is charged to the cardholder. New cardmembers get a first-year RM25 rebate only if they transact at least once within 6 months of approval.
• The contracted (ceiling) profit rate in the aqad is 18% p.a. over a 5-year contract. The advertised rate is the ibra'-adjusted actual profit charge, and it is only held if you pay at least the minimum due on time - miss enough payments and you fall to the Tier III rate.
• Cash advances carry 18% p.a. charged daily from the withdrawal date with no profit-free period, on top of the 2.69%/RM12.75 fee.
• Foreign currency transactions carry a 1% administration cost on top of the Visa/Mastercard exchange rate, plus any Visa/Mastercard transaction fee.
• The cardmember is responsible for not using the card for non-halal goods and services or Shariah non-compliant transactions.
• BSN's own BSN-UUM FAQ PDF still describes the card as Ujrah-based with RM500,000/RM1,000,000 travel cover; it predates the 26 July 2025 Tawarruq conversion and the current PDS/product pages supersede it.
• BSN publishes one shared product page for the UUM Gold and UUM Platinum cards; the two are separated only by income floor and travel-takaful cover in the November 2025 PDS, so tier-specific reward differences could not be verified.

Can you get it?

Age

21 and over

Other conditions

Principal card 21 years old, supplementary card 18 years old; Malaysians only. Restricted to UUM graduates, alumni and staff. Graduates must enclose a copy of the degree certificate or professional qualification. The bank states the income requirement annually: 'Gold Card - RM24,000 per annum'. No monthly figure is published, so min_monthly_income is left null.

What to have ready

• Copy of NRIC (both sides), including the supplementary applicant if any
• Government servant: copy of latest 1 month payslip or employee confirmation letter (Army and Police personnel also attach a copy of the Authority Card)
• Private sector employee: copy of latest 3 months payslip / latest EPF statement / EA Form / BE Form
• Self-employed: latest 6 months company bank statements, latest B Form with official tax receipt for the latest two years, Form 9/24/49 or Business Registration Certificate
• Commission earner: latest 6 months or annual commission statement, or EA/BE Form with official tax receipt
• In place of proof of income, a Sijil Simpanan Premium (SSP) or BSN Term Deposit-i pledge of at least RM4,000 (facility limit up to 95% of the pledged amount; RM5 stamp duty per RM1,000 of approved limit)

Where these figures come from

Last checked against Bank Simpanan Nasional (BSN)’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 applied is Tawarruq which consists of two sale and purchase contracts. The first involves the sale of an asset by a seller to a purchaser on a deferred basis. Subsequently, the purchaser of the first sale will sell the same asset to a third-party on a cash and spot basis. - BSN Al-Aiman Credit Card PDS (valid as of November 2025), s.2”
• “[The contracted profit rate is 18% per annum with a contract period of five (5) years] - BSN Al-Aiman Credit Card PDS (valid as of November 2025), s.2 note (b)”
• “This is a conversion of the existing BSN Credit Card-i based on Ujrah to Tawarruq concept ("Conversion Exercise"). - FAQs for Conversion of BSN Islamic Credit Card Shariah Concept, version dated June 2025, Q1”
• “The Conversion Exercise will take effect on *26 July 2025 ("Effective Date"). - FAQs for Conversion of BSN Islamic Credit Card Shariah Concept, version dated June 2025, Q2”
• “Upon the Effective Date, the Bank will immediately stop offering Credit Card-i based on the Ujrah concept. - FAQs for Conversion of BSN Islamic Credit Card Shariah Concept, version dated June 2025, Q11”
• “Tier I Cardmembers who promptly settle their minimum payment due for 12 consecutive months: Government 11% p.a., Private 13.5% p.a., TeachersCard 8.88% p.a., G-Card 8.88% p.a., UUM Gold/Platinum 9.95% p.a. - BSN Al-Aiman Credit Card PDS (November 2025), s.3(b)”
• “Tier II Cardmembers who promptly settle their minimum payment due for 10 months or more in a 12-month cycle: Government 13.5% p.a., Private 16% p.a., TeachersCard 9.99% p.a., G-Card 13% p.a., UUM Gold/Platinum 13.5% p.a. - BSN Al-Aiman Credit Card PDS (November 2025), s.3(b)”
• “Tier III Cardmembers who do not fall within the above categories: Government 17.5% p.a., Private 17.5% p.a., TeachersCard 14% p.a., G-Card 17.5% p.a., UUM Gold/Platinum 17.5% p.a. - BSN Al-Aiman Credit Card PDS (November 2025), s.3(b)”
• “Annual Fee: Principal Credit Card-i - Waived For Life; Supplementary Credit Card-i - Waived For Life - BSN Al-Aiman Credit Card PDS (November 2025), s.5”
• “Cash Advance Fee: 2.69% of the amount withdrawn or a minimum of RM12.75, whichever is higher will be charged to Credit Card-i account on each Cash Advance transaction made. - BSN Al-Aiman Credit Card PDS (November 2025), s.5”
• “Credit Card-i Replacement Fee: First time replacement fee shall be waived. RM50 will be charged for the second and subsequent replacement card issued. - BSN Al-Aiman Credit Card PDS (November 2025), s.5”
• “Exchange rate will be based on the rate determined by Visa International/Mastercard Worldwide in addition to an administration cost of 1% and any transaction fee charged by Visa International/ Mastercard Worldwide. - BSN Al-Aiman Credit Card PDS (November 2025), s.5”
• “Sales And Services Tax (SST): Principal Credit Card - RM25 annually per card; Supplementary Credit Card - RM25 annually per card - BSN Al-Aiman Credit Card PDS (November 2025), s.5”
• “Compensation Fee on Late Payment (Ta'widh): 1% of the total outstanding balance as at the statement date (comprising retail transactions and cash advance only), capped at RM100. - BSN Al-Aiman Credit Card PDS (November 2025), s.6”
• “Actual Profit Charge will be imposed at the rate of 1.5% per month, which is equivalent to 18% per annum and is calculated on a daily basis from the date the Cash Advance is made until full payment is received - BSN Al-Aiman Credit Card PDS (November 2025), s.3(b)”
• “For retail transactions - 20 days from the statement date, if all retail transactions of the previous month are fully paid by the payment due date. - BSN Al-Aiman Credit Card PDS (November 2025), s.4”
• “Enjoy this low profit charge of 9.95% p.a. when you promptly settle at least your minimum payment due for 12 consecutively months. - BSN-UUM Al-Aiman Mastercard Credit Card product page”
• “Minimum Income: Platinum Card - RM60,000 per annum / Gold Card - RM24,000 per annum - BSN-UUM Al-Aiman Mastercard Credit Card product page, Eligibility”
• “Automatic takaful coverage of up to RM300,000 and RM100,000 when you charge your full travel fares to your BSN-UUM Credit Card-i Platinum and Gold respectively. - BSN-UUM Al-Aiman Mastercard Credit Card product page”
• “Enjoy no Annual Fee for principal and supplementary cardmembers for life (no conditions attached). - BSN-UUM Al-Aiman Mastercard Credit Card product page”
• “BSN-UUM Al-Aiman Mastercard Gold Credit Card *RM24,000 - BSN Al-Aiman Credit Card PDS (November 2025), s.3(a) facility limit table”

• Product page
• Schedule of charges
• Terms and conditions