Bahrain Islamic Bank B.S.C. Credit Card - Titanium MasterCard 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||Travel Takaful Insurance ; •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; •Convenient payment channels ; •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.; •Entries to monthly draws on exciting prizes for every BD50 you spent on the card; •Access to the Airport Lounges|
Bahrain Islamic Bank B.S.C.
The Bahrain Islam bank is the country’s first commercial Islamic bank. The Bank has an authorised capital of 100 million Dinars and a paid up capital of approximately 94 million Dinars. Since its inception in 1979, the bank has been partnering the country’s economic growth while continuing to grow steadily much to the delight of its business partners and shareholders. The bank strictly follows all the guidelines of the Sharia’s and is actively in the business of providing Islamic banking and investment solutions to its clients. The bank is particularly focused in the retail and corporate banking sectors although it is also involved in investment banking.
Bahrain was a part of the British Empire since 1919, particularly because of its strategic location in the Middle East. Bahrain became independent in 1971. Subsequently, the country experienced a lot of economic, political and religious turmoil before it achieved its presence as a regional financial hub. The countries growth in this direction was not easy. The shift from the pearling industry, to crude oil and subsequently its emergence as a financial hub and significant geopolitical influence was gradual and planned. Today, Manama boats of a state fo art economic zone that houses the growing Financial companies in the region.
Credit Card - Titanium MasterCard
The maximum credit limit for a Titanium MasterCard is 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 and access to airport lounges besides other seasonal offers.