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RAS AL KHAIMAH (RAK) ISLAMIC CREDIT CARD

RAS AL KHAIMAH (RAK) ISLAMIC CREDIT CARD

WHAT IS IN RAS AL KHAIMAH A SHARIA COMPLIANT CREDIT CARD ?

In RAK, an Islamic credit card is built to avoid ribā (interest) and instead prices services via permissible Shariah contracts (e.g., ujrah/fee or structured profit). The issuer’s Shariah governance sets the rules, and the card runs on global payment rails while honoring those principles.