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BANGLADESH ISLAMIC CREDIT CARD

BANGLADESH ISLAMIC CREDIT CARD

WHAT IS BANGLADESH A SHARIA COMPLIANT CREDIT CARD ?

In Bangladesh, a Sharia-compliant credit card is designed to avoid riba (interest) and excessive gharar, replacing interest with a transparent profit/fee structure approved by the issuer’s Sharia Supervisory Board.

Leading Islamic banks—such as Islami Bank Bangladesh (IBBL), EXIM Bank, Social Islami Bank (SIBL), Shahjalal Islami Bank and Al-Arafah Islami Bank—offer cards built on recognized Islamic contracts and priced in BDT.