Platinum Credit Card

What makes this card Islamic

Al Rajhi 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.

Murabaha finance: the bank grants Shari'a compliant Murabaha finance and deposits the funds into a segregated card account, returning a portion of the monthly Murabaha profit (ibra') when utilised amounts are repaid.

Approved by Al Rajhi Bank Shariah Board, under the supervision of Saudi Central Bank (SAMA).

What it costs

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

Annual fee

SAR 490Promotional waiver advertised on the product page: 'Zero issuance fees and Annual fees valid from 1 July till 30 September 2026'.source

Supplementary card

SAR 50First 2 supplementary cards free; SAR 50 for the 3rd card onwards.source

Profit rate

2.5% a month on the outstanding balanceProduct page states 2.5% monthly, applying to new contracts including card issuance and credit limit changes. Al Rajhi search-index copy also advertises the Murabaha Platinum as carrying 'the lowest profit rate on finance (1% per month)'; that 1% figure could not be confirmed on the live product page and is NOT recorded as the rate.source

Cash withdrawal

3% for transactions below SAR 2,500, maximum SAR 75 for transactions of SAR 2,500 or more.

Late payment

Not published

Foreign currency spend

2% on top of the exchange rate

Replacement card

SAR 15

What you get back

• Earn 1 mokafaa point per SAR 1 of domestic spend
• Earn 4 mokafaa points per SAR 1 of international spend
• 25,000 welcome mokafaa points when spending SAR 15,000 in the first 90 days

Other benefits

• Access to 25 global airport lounges through the Visa Airport Companion app

Before you apply

• Lounge access is limited to 25 lounges, far fewer than the Signature and Infinite cards.
• Fee waiver is a dated promotion; the standard fee is SAR 490.

Where these figures come from

Last checked against Al Rajhi 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.

• “Issuance fee/ Annual Primary card fee — Platinum 490 — Credit Cards Terms and Conditions, Schedule of charges”
• “Zero issuance fees and Annual fees valid from 1 July till 30 September 2026 — Platinum Credit Card product page”
• “2.5% — Platinum Credit Card product page, monthly profit rate applying to new contracts including card issuance and credit limit changes”
• “Earn 25,000 welcome mokafaa points when spending SAR 15,000 in the first 90 days — Platinum Credit Card product page”
• “1 Points Per 1 Domestic Spend And 4 Points On International Spend — Platinum Credit Card product page”
• “Access to 25 global airport lounges through the Visa Airport Companion app — Platinum Credit Card product page”

• Product page
• Schedule of charges
• Terms and conditions