Ajwaa Visa Signature Credit Card

What makes this card Islamic

Bank AlJazira builds this card on a Tawarruq contract. The bank sells you a commodity on credit at a marked-up price, you sell that commodity to somebody else for cash, and the cash becomes your spending limit.

Revolving balances are settled through a Tawaroq (Tawarruq) process under the AlJazira credit card T&C.

Approved by Shariah Board (supported by the bank's Shariah Group), under the supervision of Saudi Central Bank (SAMA).

What it costs

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

Annual fee

SAR 500'Any offer to waive the Credit Card annual fees (If any) is subject to activating the card within 45 days from the issuance day.'source

Supplementary card

SAR 0'Supplementary Card Annual Fee* ... Free'.source

Profit rate

2.5% a month on the outstanding balance30% a year as stated by the banksource

APR, as the bank publishes it

40.95%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

3% below SAR 2,500; max SAR 75 at SAR 2,500 or above. Cash advance limit 30% of available credit limit, capped SAR 5,000 per transaction.

Late payment

Not published

Foreign currency spend

2% on top of the exchange rate

Replacement card

SAR 15

What you get back

• 3 rewards points for every SAR 1 spent internationally, with various redemption options

Other benefits

• Airport lounge access for the cardholder and two guests at more than 1,200 airports
• Purchase protection and extended warranty for up to one additional year
• Hotel and car rental offers
• Apple Pay and Samsung Pay supported

Before you apply

• SAR 500 annual fee is only recovered by heavy international spending.
• Ajwaa points require registration on the Ajwaa Rewards Portal.

Where these figures come from

Last checked against Bank AlJazira’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 Fee* ... 500 [SAR] (Ajwaa Signature column) - ajb Credit Cards Initial Disclosure”
• “Annual Percentage Rate (APR)****** ... 40.95% (Ajwaa Signature column) - ajb Credit Cards Initial Disclosure”
• “ajwaa visa signature | ... 3 rewards points for every SAR 1 spent Internationally ... including airport lounge access for you & 2 guests to more than 1,200 Airports ... price 500 SAR - product ItemList JSON-LD on the AlJazira credit cards page”

• Product page
• Schedule of charges
• Terms and conditions