Bahrain Islamic Bank B.S.C. Credit Card - Platinum in Manama
|Minimum Salary needed||Not mentioned|
|Maximum amount available||BD 20,000|
|Length of Loan||Life Time|
|Profit Rate||Not mentioned|
|Upfront Fees ( if any )||Not mentioned|
|Eligibility||Age of Applicant: 21 years of age at the time of application; Minimum Work Experience: 4 Months; Maximum DSR (Debt Service Ratio): The total debts of the customer including all existing installments, new installment and 5% of the credit card and over draft limits, should not exceed 50% of the monthly income for individuals with salaries of BD3,000 per month or less, exceed 60% of the monthly income for individuals with salaries above BD3,000 per month; •Residence Permit (non Bahraini individuals)|
|Main Features||•25 days grace period; •Free unlimited supplementary cards; •No Annual Subscription Fees on the main and supplementary cards; •Minimum amount to be paid by the customer is 5% of the outstanding balance subject to a minimum of BD10/; •Cash withdrawal transactions up to 50% of the credit limit; •Attractive free Gulf Air Falconflyer Programme (FFP) travel air miles: Classic - 1 mile for every BD3 spent; •Lifetime Aramex Shop and Ship membership for BD5 only (Discounted from BD17; •Attractive discounts and seasonal offers from local and regional merchants; •Takaful travel insurance.|
Bahrain Islamic Bank B.S.C.
The Bahrain Islamic Bank BSC continues to be a leader in Islamic banking practices not just in the country but also in the Middle East. Its mission, vison and focus on improving banking practices without compromising on any of the principles of the Sharia’s have earned it the trust and acceptance of its clients. The bank continues in its endeavour to retain its employees and rewarding their loyalty. The bank also continues to delight its clients through its many value added services and well researched investment advice. The shareholders and partners of the bank continue to grow their assets to their mutual benefit.
Manama, the capital of the Kingdom of Bahrain is a modern and well developed city. It has earned a reputation as a leading financial hub in the region with over 200 banks and other financial institutions having their regional offices in the city. Manama’s finance and banking industry is a major player in the Middle East and continues to be a leading centre for banking practices that adhere to the principles of the Sharia’a. Manama located on the north-eastern peninsula of Bahrain is also the only gateway to the island kingdom. The country’s economic growth is in large measure due to the efficiency of its banking industry.
Credit Card - Platinum
The Platinum Credit Card from the Bahrain Islamic bank has a maximum credit limit of 20,000 BD. Any individual above 21 years of age can apply for this card subject to meeting all other eligibility criteria. Unlimited free add-on cards, zero annual fees on all cards, 25 days grace period (0% interest on outstanding balance) and travel Takaful insurance are part of the package. The cardholder can withdraw up to 50% of available credit limit in case of any emergency. The card holder is also entitled to a lifetime membership at the Aramex Shop and Ship for a nominal 5 BD besides other seasonal offers.