STC Bank Islamic credit cards

Who STC Bank are

A fully Islamic bank — every product it offers is Shariah-compliant.

A digital bank converted from stc pay, and one of the two new SAMA-licensed digital banks. It DOES issue consumer credit cards, contrary to the assumption that the new digital banks are debit-only. Its Credit Cards Terms and Conditions name the Murabaha structure explicitly and state that card operation follows controls approved by the bank's Shariah committee. Four Visa tiers: Infinite Privilege SAR 10,000, Infinite SAR 1,000, Signature SAR 750, Platinum SAR 250 (free first year). The SAR 10,000 Infinite Privilege annual fee is the highest consumer card fee found in any of the five Gulf markets covered by this research. Monthly profit margin 2.75%. Local POS and online purchases are free of transaction fees, as is e-wallet top-up.