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Islamic Credit Cards
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Saudi National Bank · Fully Islamic bank

AlAhli Wessam Platinum Credit Card - World

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

TawarruqNo annual feeMastercardWorld
Annual fee
No annual fee
Profit rate
2.95%

a month on the outstanding balance

Minimum income
Not published
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; the fee schedule prices the Tawarruq component at 0.30% per month.

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 Wessam Platinum segment customers.source
Supplementary card
SAR 0Fee schedule: 'Supplementary Card Fees: Free'.source
Profit rate
2.95% a month on the outstanding balanceBanking Fees and Charges (06 May 2026), Wessam Segment: 'MasterCard World | Visa Signature | Visa Infinite 26.81%'. The 2.95% monthly figure (inclusive of the 0.30% Tawarruq component) comes from the 2026 T&C key facts table for the Wessam tiers.source
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 'Wessam Platinum': 2.0 LAK points per SAR 1 local, 2.5 per SAR 1 international
  • Points redeemable via the LAK page in the SNB app

Other benefits

  • No annual fee
  • Wessam premium banking privileges
  • Travel and lifestyle benefits and insurance benefits
  • LAK Rewards programme

Before you apply

  • SNB's 2026 T&C form and its May 2026 fee schedule disagree on both fee and APR for the Wessam tiers; confirm the Key Facts in writing.
  • Eligibility is segment-gated and SNB does not publish the qualifying criteria on the English card page.

Can you get it?

Other conditions
Restricted to SNB Wessam Platinum segment customers. No published minimum salary on the English page.

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 | MasterCard World | Exempted from Annual Fees - SNB Banking Fees and Charges, 06 May 2026”
  • “Annual Percentage Rate | Wessam Segment | MasterCard World | Visa Signature | Visa Infinite | 26.81% - SNB Banking Fees and Charges, 06 May 2026”
  • “MasterCard World 'Wessam Platinum' 2.0 (local) | 2.5 (international) - SNB Credit Card T&C 2026, LAK Program points table”

What we could not verify

Saudi National Bank does not publish over-limit fee, takaful cover, minimum income, 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

MasterCard World 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 700
Profit rate
Not published
Minimum income
Not published
Structure
Tawarruq
Reward points

Full breakdown

Riyad Bank

Al-Hilal Mastercard World Credit Card

Cashback on every purchase plus Al-Hilal club benefits

Annual fee
SAR 350
Profit rate
40.72%
Minimum income
Not published
Structure
Tawarruq
Cashback

Full breakdown

Riyad Bank

World Islamic Mastercard Credit Card

Up to 2.5% back in Hassad points plus 500 complimentary points on enrolment

Annual fee
SAR 750
Profit rate
2.35% /mo
Minimum income
Not published
Structure
Tawarruq
Reward points

Full breakdown