Gold Credit Card

What makes this card Islamic

AlRayan Bank builds this card on a Murabahah contract. The bank buys the thing you want, then sells it to you at a stated cost plus a stated profit, payable later.

AlRayan states the card is 'a financing formula accredited by Shari'ah Board allows obtaining goods, services and/or cash by way of International Murabaha'. If the full balance is paid by the due date no Murabaha takes place; if only the minimum is paid, the Bank sells commodities to the cardholder for the remaining balance in one one-month instalment (T&C 3.6-3.7).

Approved by Sharia Supervisory Board, under the supervision of Qatar Central Bank (QCB).

What it costs

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

Annual fee

QAR 300Issuance and annual renewal fee, per the bank's retail tariff.source

Supplementary card

QAR 100First two supplementary cards are free; each additional card (third onward) costs QAR 100.source

Profit rate

1% a month on the outstanding balanceAlRayan's retail tariff states 'Monthly Profit 1%'. The charge arises only where the full balance is not paid, via an International Murabaha on the remaining balance. Profit grace period of up to 45 days.source

Cash withdrawal

4% or a minimum of QAR 20, applied both inside and outside Qatar.

Late payment

QAR 50Published as 'Commitment to donate fee (In the event of delay in paying the installments due for financing)' - a charity commitment, not bank income.

Replacement card

QAR 100

Before you apply

• AlRayan lists this tier only in its retail tariff; there is no dedicated product page, so benefits and earn rates are not published.
• Cash withdrawal costs 4% (minimum QAR 20) whether the ATM is inside or outside Qatar - higher than QIB's flat 3%.
• Late payment triggers a QAR 50 'commitment to donate' fee, which AlRayan books as a charity commitment rather than income.

Can you get it?

Other conditions

AlRayan Bank customers in Qatar. The bank does not publish a minimum age or income for this tier on a public page.

Where these figures come from

Last checked against AlRayan Bank’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.

• “11. Issuance and Annual Renewal Fees | Gold | 300 - AlRayan Tariff and Charges (Retail), QAR”
• “Al Rayan Islamic Credit Card is a financing formula accredited by Shari'ah Board allows obtaining goods, services and/ or cash by way of International Murabaha. - AlRayan Islamic Credit Card Application Contract Terms & Conditions”
• “3.6 If the cardholder pays the full outstanding balance on or before the due date, no International Murabaha shall take place. - AlRayan Credit Card T&C”
• “3.7 Should the cardholder settle only the minimum of the total amount due on or before due date, the bank shall, on the basis of a prior understanding, exchange with the Cardholder an offer and acceptance notice in writing or sms to sell certain commodities owned by the Bank to the Cardholder for the remaining balance of the total amount due by one installment for one month starting as of the due date - AlRayan Credit Card T&C”
• “14. Commitment to donate fee (In the event of delay in paying the installments due for financing) | 50 - AlRayan Tariff and Charges (Retail), QAR”
• “15. Monthly Profit | 1% - AlRayan Tariff and Charges (Retail)”
• “16. Issuance of First two Supplementary Card | Free; 17. Issuance of each additional Supplementary Card (third card) | 100 - AlRayan Tariff and Charges (Retail), QAR”
• “18. Replacement of lost / damaged card | 100 - AlRayan Tariff and Charges (Retail), QAR”
• “20./21. Fee for Cash withdrawal from ATM with Credit Card (outside Qatar / inside Qatar) | 4% or Minimum of QAR 20 - AlRayan Tariff and Charges (Retail)”
• “44. Foreign Currency Transaction Fee | GCC currencies: 2%, Other foreign currencies: 2.5% - AlRayan Tariff and Charges (Retail)”
• “3.10 If the cardholder default payment of the outstanding amount on maturity for two consecutive months, then the card shall be suspended, and the Bank may not process the International Murabaha for settlement of the card's transactions. - AlRayan Credit Card T&C”

• Schedule of charges
• Terms and conditions