Visa Classic 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.

Bank AlJazira's credit card T&C run the revolving balance through a Tawarruq: 'Tawaroq process to repay his due at a monthly profit margin'. The Initial Disclosure prints a worked 'Example of Tawaroq Markup calculation'. Section 6-4 requires the customer to appoint an authorised agent at AlJazira Bank to perform the Tawaroq process.

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 150'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

2.9% a month on the outstanding balance34.8% a year as stated by the banksource

APR, as the bank publishes it

41.88%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% fee applies to transactions below SAR 2,500, with a maximum fee of SAR 75 for transactions of SAR 2,500 or above.' International cash withdrawal fee varies by currency: SAR 35, USD 9, EUR 8, AED 35, GBP 6.5. Cash advance limit is 30% of the available credit limit with a cap of 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

• 0.75 rewards points for every SAR 1 spent internationally, redeemable through the Ajwaa Rewards programme

Other benefits

• Purchase protection and extended warranty cover for up to one additional year
• Apple Pay and Samsung Pay supported
• 'La Tajil' instalment programme available at SAR 50 per instalment transaction
• 25-day profit waiver period after the account statement date
• Minimum monthly payment of 5% of the outstanding balance or SAR 200, whichever is higher

Before you apply

• Lowest points earn rate in the AlJazira range (0.75 per SAR internationally) for an annual fee only SAR 50 below Visa Platinum.
• Optional 'La Tajil' instalment conversion costs SAR 50 per transaction.
• Card re-activation costs SAR 100 if the card lapses.

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* ... 150 [SAR] (Visa Classic column) - ajb Credit Cards Initial Disclosure”
• “Annual Percentage Rate (APR)****** ... 41.88% (Visa Classic column) - ajb Credit Cards Initial Disclosure”
• “Cash Withdrawal/Cash Transfer*: 3% fee applies to transactions below SAR 2,500, with a maximum fee of SAR 75 for transactions of SAR 2,500 or above - ajb Credit Cards Initial Disclosure”
• “Profit Waiver Period: 25 days after the account statement date - ajb Credit Cards Initial Disclosure”
• “Minimum Monthly Payment: 5% of the outstanding balance or SAR 200 (whichever is higher) - ajb Credit Cards Initial Disclosure”
• “Cash Advance Limit / Transfer / Digital Payment Wallets: 30% of the available credit limit with a cap of SAR 5000 per transaction - ajb Credit Cards Initial Disclosure”
• “Visa Classic | The credit card offers a range of premium perks in addition to the highly rewarding loyalty program with 0.75 rewards points for every SAR 1 spent Internationally - product ItemList JSON-LD on the AlJazira credit cards page”

• Product page
• Schedule of charges
• Terms and conditions