Mastercard World Credit Card

What makes this card Islamic

Qatar Islamic 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.

QIB settles the outstanding card balance through an 'International Murabaha' on a commodity and metal portfolio held in common with partners; each Murabaha has a maturity of one month (QIB Cards T&C clauses 25-26). The charge is presented on product pages as a monthly 'Profit Rate' on the unpaid outstanding; QIB's Digital Credit Card page labels the identical 1% charge 'Murabaha Profit'.

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

What it costs

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

Annual fee

QAR 500Tamayuz or Private Banking relationshipsource

Supplementary card

QAR 100Issuance / annual fee per supplementary cardsource

Profit rate

1% a month on the outstanding balance1% per month on the unpaid outstanding amount. Up to 45 days profit-free when the full balance is paid; minimum payment 5%.source

Cash withdrawal

Cash withdrawal 3%

Late payment

Published as 'Charity fee (commitment to donate in case of late payment)': 2% of unpaid outstanding, to be sent to charity.Published as 'Charity fee (commitment to donate in case of late payment)': 2% of unpaid outstanding, to be sent to charity.

Replacement card

QAR 100

What you get back

• 1 Absher point per QAR 5 spent internationally
• 1 Absher point per QAR 6 spent domestically
• Supplementary cardholders earn points on their spend
• 50% of normal points on restricted categories (auto, fuel, government) in the UK/EEA

Other benefits

• Profit-free period of up to 45 days
• Access up to 100% of the available credit limit as cash
• Acceptance in 200+ countries
• Travel insurance covering baggage, trip cancellation and medical evacuation up to USD 500,000
• Purchase protection against theft or damage for 90 days, up to USD 2,000 per claim

Before you apply

• Late payment triggers a 2% 'charity fee' on the unpaid outstanding, which QIB states is sent to charity rather than kept as bank income.
• Currency conversion reaches 3% for currencies outside USD, GCC, GBP and EUR.

Can you get it?

Other conditions

Open to Qataris and expats resident in Qatar; a QIB account is required.

What to have ready

• QID (Qataris and expats)
• Passport (expats)

Where these figures come from

Last checked against Qatar Islamic 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.

• “Annual | 500 - QIB Mastercard World Credit Card, fees table (QAR)”
• “Supplementary card issuance/annual | 100 - QIB Mastercard World Credit Card, fees table (QAR)”
• “Replacement (lost/damaged) | 100 - QIB Mastercard World Credit Card, fees table (QAR)”
• “Cash withdrawal | 3% - QIB Mastercard World Credit Card, fees table”
• “Profit rate monthly | 1% - QIB Mastercard World Credit Card, fees table”
• “Get 1 point per QAR 5 spent internationally, and 1 point per QAR 6 spent domestically - QIB Mastercard World Credit Card”
• “Charity fee (commitment to donate in case of late payment) | 2% of unpaid outstanding (to be sent to charity) - QIB card Fees and Charges table”
• “Currency conversion fee - USD and GCC | 2%; GBP and EUR | 2.5%; Other currencies | 3% - QIB card Fees and Charges table”
• “25. INTERNATIONAL MURABAHA: Is the Murabaha Transaction executed by the Bank for the outstanding credit Card amount, whereas the customer has expressed his desire to purchase the share of the Bank in the commodities and metal portfolio, owned commonly between the Bank and other partners (the "Partners") and which are divided into commodity shares. - QIB Cards Terms & Conditions, clause 25”
• “26. Each Murabaha has a maturity of one month. The last payment date is the 5th of every month and the monthly Murabaha will be processed on the 6th or the next working day following this date. - QIB Cards Terms & Conditions, clause 26”

• Product page
• Terms and conditions