Signature Credit Card

What makes this card Islamic

Alinma 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.

Alinma's installment service terms name this card's contract. They describe Alinma credit cards as either Murabaha cards, which let you carry a balance from month to month, or charge cards, which you clear in full each month. This card is a Murabaha card. The bank earns its profit under an instalment sale contract for its credit card customers. Neither the product page nor the fee schedule mentions this.

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

What it costs

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

Annual fee

SAR 250Promotional waiver on the product page: 'Free issuance with no annual fees (starting from August 1 to August 31, 2026)'.source

Supplementary card

SAR 250Additional card issuance/renewal SAR 250; the first additional supplementary card is free under the August 2026 promotion.source

Profit rate

Not publishedTwo Alinma primary sources disagree and neither is treated as overriding the other. The bank's 'Credit Cards Charges and Fees' PDF states a monthly profit rate 'From 1.9% to 2.5% (as stated in contract)' and an APR table of 22.8% (Platinum, SAR 10,000 default limit, 40 months to settle) and 22.87% (Signature, SAR 20,000 limit, 96 months). The live product pages state 'Finance Yearly Profit Rate: Starting from 34%' and 'Monthly finance profit rate: From 1.9% to 3% (as per the signed contract)'. The monthly rate is a contract-specific range in both sources, so no single monthly figure is recorded. The APR recorded here (22.87%) is the card-specific figure from the bank's own APR table at the stated default credit limit. FIELD-SEMANTICS NOTE: the 22.8%/22.87% figures are headed 'Annual Percentage Rate (APR)' in Alinma's fee schedule and are recorded in apr_pct. Alinma's product-page 'Finance Yearly Profit Rate: Starting from 34%' is a stated floor that reconciles with neither end of its own 1.9%-3% monthly range, so it is NOT recorded as an annual profit margin; profit_rate_annual_pct is null rather than derived. RE-VERIFIED 2026-09-21 (DQ-7): both documents re-read live, unchanged -- the fee PDF still states the same 1.9%-2.5%/22.8%/22.87% figures verbatim and the product page still states 'Starting from 34%'/'1.9% to 3%' verbatim. One cross-check worth recording: compound-annualising the fee PDF's own monthly ceiling, (1.025)^12-1, gives 34.49%, which is close to the product page's 34% floor -- so '34%' most plausibly a compounded annualisation of the FEE PDF's 2.5% monthly ceiling, not of the product page's own stated 3% monthly ceiling (which would compound to 42.6%). That is a plausible mechanism, not a resolution: it does not make the product page's 1.9%-3% monthly range consistent with its own 34% APR floor, so both sources stay recorded, unpicked.

APR, as the bank publishes it

22.87%An APR absorbs the annual fee and other charges as well as the profit rate, so it is higher than the profit rate above. It is the closest thing to a like-for-like cost comparison.source

Cash withdrawal

SAR 75 per ATM cash withdrawal transaction (flat, per the published Charges and Fees schedule). Cash withdrawal is limited to 30% of the credit limit.

Late payment

Not published

Foreign currency spend

2.7% on top of the exchange rate

Replacement card

SAR 15

What you get back

• Earn 7 akthr points per SAR 1 on international purchases
• Earn 5 akthr points per SAR 1 on local purchases

Other benefits

• Free worldwide access to over 1,200 VIP airport lounges via the Visa Airport Companion app, subject to cumulative international spend of USD 100 or equivalent within 90 days
• 0% profit margin on instalments for up to 3 months
• Ability to transfer up to 30% of the card balance to a current account

Before you apply

• The fee waiver is a one-month promotion (1-31 August 2026), not a permanent free-for-life fee.
• Alinma's own fee PDF and product pages state different APRs (22.8%-22.87% vs 'starting from 34%') and different card replacement fees (SAR 50 vs SAR 15).
• The international transaction fee is 2.7%, higher than the 2% charged by Al Rajhi and above the 2% ceiling for international purchase transaction fees in Article 48 of SAMA's Rules of Issuance and Operation of Credit Cards (effective 17 September 2025) — the published schedule may predate the new rules, so verify before relying on it.

Can you get it?

Other conditions

Applied for in the alinma app; the application asks for monthly income and expenses and a salary certificate, and the credit limit is set from salary information. No published minimum salary figure.

What to have ready

• Salary certificate

Where these figures come from

Last checked against Alinma 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.

• “Monthly Profit Rate — From 1.9% to 2.5% (as stated in contract) — Alinma Credit Cards Charges and Fees PDF”
• “Minimum Payment — 5% of the payable amount shown in the account statement or SAR 100, whichever is higher — Alinma Credit Cards Charges and Fees PDF”
• “Cash Withdrawal from ATMs/per transaction — 75 SAR — Alinma Credit Cards Charges and Fees PDF”
• “International Transactions Fees / per transaction — 2.7 % — Alinma Credit Cards Charges and Fees PDF”
• “Card Replacement — 50 — Alinma Credit Cards Charges and Fees PDF”
• “Invalid Objection — 50 SAR — Alinma Credit Cards Charges and Fees PDF”
• “Arbitration of Disputed Transaction — SAR 1,875 (USD 500) — Alinma Credit Cards Charges and Fees PDF”
• “Annual Percentage Rate (APR) according to the Credit Limit of the Card: Default Credit Limit SAR 10,000 Platinum — 22.8% — 40 months until settlement; SAR 20,000 Signature — 22.87% — 96 months — Alinma Credit Cards Charges and Fees PDF”
• “Finance Yearly Profit Rate — Starting from 34% — alinma credit card product page fee panel”
• “Monthly finance profit rate — From 1.9% to 3% (as per the signed contract) — alinma credit card product page fee panel”
• “Minimum repayment amount — 5% of the total amount due in the monthly statement or Ʀ 100 (whichever is higher) — alinma credit card product page fee panel”
• “Card replacement — Ʀ15 — alinma credit card product page fee panel”
• “Falls dispute — Ʀ 25 — alinma credit card product page fee panel”
• “Card Type Platinum / Signature / Infinite — Primary Card Issuance/Renewal 100 SAR / 250 SAR / 300 SAR — Alinma Credit Cards Charges and Fees PDF”
• “Free issuance with no annual fees (starting from August 1 to August 31, 2026). — Signature Credit Card product page”
• “Earn 7 points per Ʀ 1 on international purchases — Signature Credit Card product page”
• “Earn 5 points per Ʀ 1 on local purchases — Signature Credit Card product page”
• “A card compliant with Shariah rulings and controls — Signature Credit Card product page”
• “0% profit margin on installments — Signature Credit Card product page”
• “Eligibility: alinma credit cardholders (Murabaha / charge cards ) can benefit from the installment service, while other bank cards are not eligible for this service. - Alinma installment service terms and conditions for revolving and charge cards transactions, Eligibility”

• Product page
• Schedule of charges