Signature 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.

Al Rajhi's credit card T&C states the bank grants the cardholder a Shari'a compliant 'Murabaha Finance' and deposits the funds into a segregated card account. On repayment the bank undertakes to return a portion of the monthly Murabaha profit (ibra'/rebate) at its absolute discretion.

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 790Promotional 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 a monthly profit rate of 2.5%. The T&C PDF schedule states '2.2% for the new card' with worked APR examples of 35.32%/35.16%/34.95%; those APRs are tied to the 2.2% figure so no APR is recorded here.source

Cash withdrawal

3% for transactions below SAR 2,500, maximum SAR 75 for transactions of SAR 2,500 or more. Free for the first 100 days from card issuance.

Late payment

Not published

Foreign currency spend

2% on top of the exchange rate

Replacement card

SAR 15

What you get back

• Earn 3 mokafaa points per SAR 1 of domestic spend
• Earn 5 mokafaa points per SAR 1 of international spend
• 75,000 welcome mokafaa points when spending SAR 25,000 in the first 90 days

Other benefits

• Access to 1,200 global airport lounges
• Travel insurance cover for trips up to 90 days

Before you apply

• Fee waiver is a dated promotion; the standard fee is SAR 790.
• Published T&C and product page state different monthly profit rates (2.2% vs 2.5%).

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 Signature 790 / Infinite 990 Selective 790 — Credit Cards Terms and Conditions, Schedule of charges”
• “Zero issuance fees and Annual fees valid from 1 July till 30 September 2026 — Signature Credit Card product page”
• “2.5% — Signature Credit Card product page, monthly profit rate”
• “Earn 75,000 welcome mokafaa points when spending SAR 25,000 in the first 90 days — Signature Credit Card product page”
• “Earn 3 Points Per 1 Domestic Spend And 5 Points On International Spend — Signature Credit Card product page”
• “Access to 1,200 global airport lounges — Signature Credit Card product page”
• “The bank shall give the cardholder a Shari'a compliant "Murabaha Finance" and deposit the funds in an account specified for the card. — Credit Cards Terms and Conditions, clause 1.1”

• Product page
• Schedule of charges
• Terms and conditions