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Islamic Credit Cards
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Saudi National Bank · Fully Islamic bank

Elite World Elite Credit Card

2.0 LAK points per SAR 1 local and 2.5 per SAR 1 international, with no annual fee

TawarruqNo annual feeMastercardWorld Elite
Annual fee
No annual fee
Profit rate
Not published
Minimum income
SAR 75,000 a month
Rewards
Reward points

Read it from the source

What makes this card Islamic

Saudi National 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.

Article 10 of the SNB credit card T&C governs the Tawarruq mechanism used across all SNB card types.

How Tawarruq worksIs a credit card halal?

Approved by SNB Sharia Board, under the supervision of Saudi Central Bank (SAMA).

What it costs

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

Annual fee
No annual feeExempt for Elite / Private Banking segment customers.source
Supplementary card
SAR 0Fee schedule: 'Supplementary Card Fees: Free'.source
Profit rate
Not publishedBanking Fees and Charges (06 May 2026), Private Banking Segment: 'MasterCard World Elite | Visa Infinite Privilege 26.81%'. SNB does not print a monthly percentage rate for the Elite / Private tiers in the fee schedule, and the 2026 T&C table for this tier is not legible enough to attribute a monthly figure, so profit_rate_monthly_pct is left null.
APR, as the bank publishes it
26.81%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% of the transaction amount, up to a maximum of SAR 75. Cash withdrawal limit is 30% of the credit card limit.
Late payment
SAR 50
Foreign currency spend
2% on top of the exchange rate
Replacement card
SAR 15

What you get back

  • MasterCard World Elite: 2.0 LAK points per SAR 1 local, 2.5 per SAR 1 international

Other benefits

  • Mastercard Travel & Lifestyle Concierge
  • Mastercard Golf Program
  • Airport lounge access with one guest
  • Trip disruption insurance and travel medical insurance
  • 50% discount on Shahid VIP monthly subscription
  • Priceless Cities experiences in travel destinations
  • European shopping village offers
  • Mastercard Travel Rewards
  • Premium shipping membership with MyUS
  • Collision Damage Waiver
  • Complimentary Costa Coffee offers at Dubai airports
  • Travel insurance confirmation letter

Before you apply

  • The 2026 T&C form lists MasterCard World Elite at SAR 2,000 annual fee while the May 2026 fee schedule says the tier is exempt. Confirm in writing.
  • SNB does not publish a monthly percentage rate for this tier - only the 26.81% APR.
  • Entry requirements are very high: SAR 1.5m relationship, SAR 2.5m deposit, or SAR 75,000 monthly salary.

Can you get it?

Minimum income
SAR 75,000 a monthsource
Other conditions
Elite Program requirements as published by SNB: total customer financial relationship of SAR 1,500,000+, OR a direct deposit of SAR 2,500,000, OR a monthly salary of SAR 75,000+ (one salary deposit qualifies). 'Customer Financial Relationship' means the average 3-month account balance plus investment fund balances, Khayrat, Gold Account, local shares portfolio and intermediary investment account (cash).

Where these figures come from

Last checked against Saudi National 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.

  • “Annual Fees | Visa Infinite Privilege | MasterCard World Elite (Private Banking Customers) | Exempted from Annual Fees - SNB Banking Fees and Charges, 06 May 2026”
  • “Annual Percentage Rate | Private Banking Segment | MasterCard World Elite | Visa Infinite Privilege | 26.81% - SNB Banking Fees and Charges, 06 May 2026”
  • “Program Requirements: Total customer financial relationship of 1,500,000+ or one of them * Or direct deposit 2,500,000 Or monthly salary (one salary deposit to qualify) of 75,000+ - SNB Elite Program page”
  • “World Elite Credit Card Benefits: Mastercard Travel & Lifestyle Concierge | Mastercard Golf Program | Trip disruption insurance | Airport lounge access with one guest | 50% discount on Shahid VIP monthly subscription | Travel medical insurance - SNB Elite Program page”

What we could not verify

Saudi National Bank does not publish monthly profit rate, over-limit fee, takaful cover, minimum age, maximum age, documents required, reward caps, shariah certificate, annual profit rate for this card, so we have left those blank rather than guess. If you need one of them, ask the bank directly and hold them to the answer in writing.

Compare with other Saudi Islamic cards

Arab National Bank

VISA Infinite Privilege / MasterCard World Elite Credit Card

anb rewards points on card spend; anb does not publish a per-card earn rate on any English page located.

Annual fee
SAR 3,000
Profit rate
Not published
Minimum income
Not published
Structure
Tawarruq
Reward points

Full breakdown

Bank AlJazira

Mastercard World Elite Credit Card

1.75 Ajwaa reward points per SAR 1 spent internationally; unlimited lounge access at 1,000+ airports

Annual fee
SAR 1,000
Profit rate
Not published
Minimum income
Not published
Structure
Tawarruq
Reward points

Full breakdown

Riyad Bank

Al-Hilal Mastercard World Elite Credit Card

Cashback on every purchase plus Al-Hilal club benefits

Annual fee
SAR 1,000
Profit rate
42.76%
Minimum income
Not published
Structure
Tawarruq
Cashback

Full breakdown