SAB Visa "My Card" Credit Card

What makes this card Islamic

Saudi Awwal Bank 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.

SAB's own Credit Card Application with Terms & Conditions names TAWARRUQ explicitly and repeatedly: if the cardholder settles only the minimum amount due, the Bank sells commodities it owns on a FUDOLY basis to the cardholder for the outstanding balance in one instalment for one month starting from the due date, and settles the card dues from the proceeds of selling those commodities on the customer's behalf. If the cardholder pays the full outstanding balance on or before the due date, no Tawarruq takes place. The Tawarruq transaction appears on the next statement and is deemed accepted if not objected to within 20 days. The document also gives a worked Tawarruq profit example.

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

What it costs

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

Annual fee

SAR 50The Schedule of Bank Charges records the My Card charge as a "One-time processing fee" of SAR 50 rather than a recurring annual fee. The product page repeats "One-time processing fee SAR 50".source

Supplementary card

SAR 0SAB offers a free supplementary credit card for family members over the age of 15 (stated on the SAB Visa "My Card" page). No supplementary fee appears in the credit card fee table.source

Profit rate

Not publishedSAB publishes N/A for both the Monthly Percentage Rate and the APR on My Card in its Schedule of Bank Charges - the card is a load-and-spend low-limit product, so no profit rate applies.source

Cash withdrawal

N/A - the product page states cash withdrawals cannot be done on the My Card card.

Late payment

SAR 50

Foreign currency spend

2% on top of the exchange rate

Replacement card

SAR 15

What you get back

Other benefits

• No employment confirmation letter required
• No verification of employment period
• No bank account statement required
• No minimum income required
• Universal acceptance at point of sale locally and internationally, and online
• 3D Secure; SMS alerts after every transaction; e-statements only

Before you apply

• All SAB published card fees exclude VAT; 15% VAT is added on top. The APR figures are calculated by SAB on a utilised credit limit of SAR 10,000 and include VAT.
• CHARITY CLAUSE PRESENT. SAB Credit Card Terms & Conditions, clause 7: "If the customer does not pay the amount due to the Bank by the agreed due date, then the Bank will impose a penalty charge on the customer and the amount will be paid to charity after deducting the actual expenses of collection if any."
• The T&C "Major Provisions" index labels the payment-default row "grace period of 20 days", and the Tawarruq objection window is also 20 days. SAMA's consumer protection framework sets a minimum 25-day grace period; SAB's own document does not state 25 days anywhere located. Recorded as published - not asserted as a breach.
• Sending the card overseas costs SAR 100. Invalid dispute fee SAR 25.
• AQSAT installment plans carry a Tawarruq profit of SAR 49 (3 months), SAR 99 (6 months), SAR 199 (12 months) or 24% for 24 months (stated as a 12% annual rate), plus a SAR 50 processing fee.
• The product page's Pricing block states "Lost card replacement SAR 50", while SAB's Schedule of Bank Charges (dated 7-7-2026) shows SAR 15 in the Lost / Stolen Card Replacement row for My Card. The schedule value is recorded here; the product-page figure is a live conflict, not a resolved one.
• The product page states the card is issued with "a maximum, credit limit of SAR 50" and lists "Credit Limit SAR 50" in the pricing block. That looks like a stale or erroneous figure, but it is what the bank publishes - no other limit is stated anywhere located.
• Cash withdrawals cannot be made on this card. No ICSAB+ points are earned.
• The invalid dispute fee is shown as N/A for this card in the Schedule of Bank Charges.

Can you get it?

Other conditions

No minimum income required; no employment letter, employment-period verification or bank statement required. The card is issued with a maximum credit limit that the product page states as SAR 50.

Where these figures come from

Last checked against Saudi Awwal 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.

• “SAB's Shariah compliant "My Card" Credit Card enables you to shop at point-of-sale or online without the need to carry cash. - SAB Visa "My Card" product page”
• “No minimum income required”
• “One-time processing fee SAR 50 | Credit Limit SAR 50 | Lost card replacement SAR 50 - SAB Visa "My Card" product page Pricing block”
• “*Cash withdrawals cannot be done on the "My Card" card. **Customers cannot earn ICSAB+ points on purchases made using the "My Card" card.”
• “Apply for a free supplementary SAB Credit Card for any of your family members over the age of 15.”
• “Should the customer settle only the minimum of the total amount due on or before due date; the Bank shall carry out a Tawarruq transaction by selling certain commodities owned by the Bank on a FUDOLY basis to the Cardholder for the Outstanding balance by one instalment for one month starting as of the due date and to settle the Card dues from the proceeds of selling the said commodities on behalf of the customer. - SAB Credit Card Terms & Conditions, clause 6”
• “If the Cardholder pays the full outstanding balance on or before the due date, no Tawarruq shall take place. - SAB Credit Card Terms & Conditions”
• “If the customer does not pay the amount due to the Bank by the agreed due date, then the Bank will impose a penalty charge on the customer and the amount will be paid to charity after deducting the actual expenses of collection if any. - SAB Credit Card Terms & Conditions, clause 7”
• “Annual Percentage Rate has been calculated based on credit limit utilized of SAR 10,000 and VAT. - SAB Credit Card Fees table”
• “3 % for transaction amount below SAR 2,500 with a maximum limit of SAR 75 for transactions equal to or above SAR 2500 - ATM Cash Withdrawal / Cash Advance / Transfer from Card to Account, SAB Credit Card Fees table”

• Product page
• Schedule of charges
• Terms and conditions