Ithmaar Bank B.S.C. Credit Card - Titanium 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 )||No|
|Eligibility||Age 21 and above; Valid ID / passport|
|Main Features||Free access to selected airport lounges; 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 30% 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; Free supplementary Cards for family members|
Ithmaar Bank B.S.C.
Ithmaar Bank B.S.C. based in Bahrain, is a licensed Islamic bank regulated by the Central Bank of Bahrain. The bank provides commercial, treasury, retail and investment banking services to its clients. A subsidiary of the Dar Al-Maal Al-Islami Trust (DMI), the bank has shareholders’ equity worth 541.9 million USD and a paid-up capital of 757.7million USD. Listed on both the Kuwait and Bahrain Stock Exchange, the bank has a diverse mix of services and products that follow the principles of Sharia’a in letter and sprite. The bank caters to both institutions and individuals and aims to meet their investment and financing needs.
Expats make up almost 1/3rd the population of Bahrain. Many ethnic communities practicing different religions co-exist in harmony. Football is extremely popular and the country has 3 major teams. Unlike many other countries in the middle-east, alcohol is legal. The country has many night clubs & bars as well as a huge influx of tourists from other countries in the Middle East, particularly Saudi Arabia. Like the rest of the country, Manama, the capital of Bahrain, is arid and subject to extreme temperatures. The economy of the country saw sharp peaks and declines throughout its history. The country’s growing economy is proof of the perseverance and hard work of its people.
Credit Card – Titanium
The Titanium credit card from the Ithmaar bank offers credit cards that follow the principle of Sharia’a. The card entitles the cardholder to many interesting offers including free travel insurance worldwide, automatic enrolment in the MasterCard program and 25-55 days at 0% interest for outstanding balance. Free add-on cards for family members, cash withdrawal not exceeding 30 percent of the available credit limit and free add-on cards for family members are just a few benefits for Titanium card holders. 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.