Ithmaar Bank B.S.C. Credit Card - Gold Plus in Manama
|Minimum Salary needed||Not mentioned|
|Maximum amount available||BD 10,000|
|Length of Loan||Life Time|
|Profit Rate||Not mentioned|
|Upfront Fees ( if any )||No|
|Eligibility||Age 21 and above; Valid ID / passport|
|Main Features||Free worldwide travel insurance; Salary transfer is not mandatory; Minimum repayment of 5% of closing balance per month; 25 days grace period from the statement date to pay that could go up to 55 days; Cash withdrawal transactions up to 25% of Gold Card limit; Attractive fees & services; Free supplementary Cards for family members; Immediate access to more than 2.5 million ATMsworldwide; Travel Insurance Benefits|
Ithmaar Bank B.S.C.
The Ithmaar bank aims to offer a complete and diversified portfolio of financial products and services to delight its clients. The bank also aims at partnering ventures that contribute to the growth of the community and the country. The Ithmaar bank aims to provide value added services to all its strategic partners and clients including institutions and individuals. The value added services includes asset management, real estate development, investment advice, issuance of securities both public and private as well as private, commercial and retail banking services. All banking practices are compliant with the Sharia’a principles and the bank plays an active role in the development of the community.
Similar to the rest of Bahrain, the city of Manama too is arid with extreme climatic conditions. In summers the temperature is known to rise up to 48 °C and fall as low as 7 °C in the winters along with the occasional hail. Bahrain’s shipping industry too has grown substantially. In 2001, Bahrain boasted of a merchant fleet with 8 ships. The Mina Salman port in Bahrain has a capacity to accommodate 16 ships totalling a length of 11mts. The public transportation system (particularly buses) is still in its infancy. Taxis and private vehicles are the main methods of transportation in Manama.
Credit Card - Gold Plus
The Gold Plus credit card from Ithmaar bank offers Sharia’a compliant credit cards to the applicants. Some of the features of the card are free travel insurance worldwide, 25-50 days at 0% interest for outstanding balance. Free add-on cards for family members, Cash withdrawal not exceeding 25 percent of the available credit limit, Minimum repayment of 5% of closing balance per month are a few benefits of a Gold plus credit card. Hotel discounts and access to 2.4 million ATMs all over the world are also part of the package. The card can be used in close to 36 million member establishments. The card holder need not have a salary account with the bank.