WHAT IS IN EGYPT A SHARIA COMPLIANT CREDIT CARD?
In Egypt, an Islamic (halal) credit card is issued under contracts overseen by a Shari’a Supervisory Board. Pricing avoids ribā (interest) and instead uses fee/profit mechanics—commonly presented as a covered card structure or cost-plus models—so that revolving balances incur pre-disclosed charges rather than compounding interest.
Leading players include ADIB Egypt, Al Baraka Bank Egypt, and Faisal Islamic Bank of Egypt.”,