Murabaha Finance
The bank buys the item and sells it to you at a disclosed profit.
Credit cards
A credit card that stays true to your values.
The Tayseer Islamic Card from Lanternvale Bank charges no interest. Instead you pay one fixed monthly Ujrah fee of JOD 4, whatever your balance.
Applications are not possible: this is a fictional test website.
Key benefits
Fixed JOD 4 a month
One Ujrah fee for the card's services. It does not grow with your balance.
No interest, ever
The card is based on Qard (a benevolent loan) plus a fixed service fee, with no interest charged.
Limit up to JOD 10,000
Flexible spending for everyday needs and travel.
Charity, not penalties
Late payment amounts are donated to charity and never become bank income.
Who it's for
For customers who want everyday card convenience in a Sharia-compliant way.
- Salaried customers who avoid interest-based products
- Families using Islamic accounts and finance with the bank
- Pilgrims and travellers who want a card for trips abroad
- Customers who prefer a fixed, predictable monthly cost
Features
- No interest on balances
- Fixed monthly Ujrah fee of JOD 4
- Limit up to JOD 10,000
- Contactless, online and mobile wallet payments
- Card blocked for non-permissible merchant categories
- Rewards points redeemable for charity donations or vouchers
How the Tayseer card works
When you use the card, the bank pays the merchant on your behalf, creating a Qard (an interest-free loan) that you repay. For providing the card, its services and its benefits, the bank charges a fixed monthly Ujrah (fee) of JOD 4. The fee is the same whether your balance is JOD 50 or JOD 5,000, so there is no interest.
Rates and figures
| Item | Detail |
|---|---|
| Monthly Ujrah fee | JOD 4 (fixed) |
| Interest | None |
| Credit limit | Up to JOD 10,000 |
| Structure | Qard + Ujrah |
| Minimum payment | 5% of balance or JOD 20, whichever is higher |
Fictional figures for software testing. Structure described for illustration.
| Conventional credit card | Tayseer Islamic Card | |
|---|---|---|
| Cost of carrying a balance | Interest, e.g. 2.25% monthly | No interest |
| Monthly cost | Changes with your balance | Fixed JOD 4 Ujrah fee |
| Late payment amount | Bank income | Donated to charity |
Illustrative comparison. Fictional figures.
Fees and charges
| Monthly Ujrah fee | JOD 4 |
|---|---|
| Cash withdrawal | JOD 3 flat fee per withdrawal |
| Late payment | JOD 15, donated to charity |
| Foreign transactions | 2.25% of amount |
| Replacement card | JOD 5 |
Eligibility
- Aged 21 or over
- Minimum monthly salary JOD 500
- Resident with a valid ID
- Satisfactory credit check
Documents you need
- National ID or passport with residence permit
- Salary certificate
- Proof of address
How to apply
- Apply in the app or at a branch
- Upload your salary certificate
- Get a decision within 2 working days
- Activate your card in the app
Frequently asked questions
Is the monthly fee just interest with another name?
No. The Ujrah fee is fixed for the card's services and does not change with the amount you owe or how long you owe it.
Do I pay the fee if I don't use the card?
Yes, the JOD 4 monthly fee applies while the card is active.
Where can I not use the card?
The card is blocked at merchant categories that are not Sharia-compliant, such as gambling.
What happens to late payment amounts?
They are donated to charity through the bank's charity account and are never income for the bank.
Related products
Mudaraba Savings Account
Share in the bank's investment profits instead of earning interest.
Cashback Credit Card
Get money back on groceries, fuel and online shopping.
Lanternvale Bank is fictional and issues no cards. Card designs are illustrations with no payment network. Figures are examples for software testing only and, if real, would be subject to credit approval and local banking regulation. Sharia structures are described for testing and have not been reviewed by any real Sharia board.