Tamkeen Plus Classic Credit Card

What makes this card Islamic

Bank Albilad 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.

Bank states plainly: 'Tamkeen Plus credit card is based on murabaha financing where goods are purchased and sold with the customer's consent to issue the card.' The application flow on the Albilad App requires the customer to buy the commodity, sign the commodity contract and promissory note via Nafith, then sell the commodity - the classic commodity-Murabaha card mechanic.

Approved by Bank Albilad Shariah Committee, under the supervision of Saudi Central Bank (SAMA).

What it costs

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

Annual fee

SAR 115Promotional: from 1 July to 31 July 2026 the issuance fee (excluding VAT) is refunded and SAR 50 extra cashback is paid on a minimum SAR 1,000 of spend within 90 days of issuance. Refund offer valid for the first year only.source

Supplementary card

SAR 0'Annual fee for Supplementary Card 0'.source

Profit rate

1.8% a month on the outstanding balanceBank states 1.8% per month. No APR is published for the Tamkeen Plus range on the English product pages - the bank publishes only the monthly rate, so profit_rate_annual_pct is left null rather than annualised by us.source

Cash withdrawal

'3% of the transaction amount plus VAT, up to a maximum of 86.25' for ATM cash withdrawal / cash transfer from card to current account. Cash withdrawal limit is 30% of the total card limit.

Late payment

Not published

Replacement card

SAR 17.25

What you get back

• Enrolled in the Mukafaat Albilad loyalty programme for travel, vouchers or cashback redemption

Other benefits

• Murabaha-based, approved by the Bank Albilad Shariah Committee
• Repayment of 5% of the outstanding balance or SAR 200, whichever is higher, auto-deducted on the 25th of each Gregorian month
• No profit charged at all if the full amount due is paid on time
• Apple Pay and mada Pay supported
• Balance may be added above the credit limit
• Payment of card dues every 50 days (accounting cycle)

Before you apply

• 1.8% per month is the headline rate; Albilad does not publish an APR for Tamkeen Plus, so the true annualised cost is not disclosed on the English pages.
• If the commodity contract or promissory note is not signed in time via Nafith the application is cancelled automatically.
• Cash withdrawal is capped at 30% of the card limit and costs 3% + VAT up to SAR 86.25.
• Bank Albilad does not name the card scheme (Visa/Mastercard) on this product page, so the network is unrecorded.

Can you get it?

Minimum income

SAR 3,000 a monthsource

Other conditions

Minimum monthly salary starting from SAR 3,000. Available to both salary-transfer and non-salary-transfer customers. Digital application through the Albilad App; a virtual card is issued first and a physical card can be requested separately (delivery and printing fees apply).

What to have ready

• Salary certificate
• Salary transfer certificate (salary-transfer customers)
• GOSI letter
• Last 3-months bank statement (non-salary-transfer customers)
• Valid ID (branch applications)

Where these figures come from

Last checked against Bank Albilad’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.

• “Tamkeen Plus credit card is based on murabaha financing where goods are purchased and sold with the customer's consent to issue the card. - Tamkeen Plus Classic FAQ”
• “(Tamkeen Plus credit card offers you the one of the lowest profit rates at 1.8% per month as part of your monthly allowance on your card) however, when you pay the full amount due on time, there will be no profit on the card. - Tamkeen Plus Classic FAQ”
• “How much is the minimum salary? Minimum monthly salary starting from 3,000 riyals. - Tamkeen Plus Classic FAQ”
• “Issuance/Annual fees for the Main (Primary) Card 115 | Annual fee for Supplementary Card 0 | Reissuance fees 17.25 - Tamkeen Plus Classic fee table”
• “What is the cash withdrawal limit for Tamkeen Plus credit card? Cash withdrawal limit is capped at 30% of the total card limit. - Tamkeen Plus Classic FAQ”

• Product page
• Schedule of charges