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Islamic Finance Briefing - Categorized | Finance, Financial Instruments (Credit Cards, Debts, Loans, Mort more

ADIB launches Sharia-compliant card

Posted on 06 May 2009

From Gulfnews.com: Islamic Bank (ADIB) has launched on Tuesday a new Sharia compliant covered card for small to medium-sized enterprises (SMEs). A covered card is the Sharia-compliant equivalent to credit card.

Offered in Platinum and Gold versions, the Visa card, which is the first of its kind in the UAE, provides SME clients with a line of finance up to Dh250, 000…….Full Article: Source

 
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