BAY AL-INAH CREDIT CARD 2024

BAY AL-INAH ISLAMIC CREDIT CARD

Bay al-Inah credit card in 2024 is defined by one of the model of Islamic credit card as an alternative to the principles of a conventional credit card which is using Riba and other haram services.

Bay al-Inah credit card came just after the introduction of the islamic prepaid credit card where the card holder had to load the card with his own cash.

Bay al-Inah credit card works by using two parallel contracts with the first contract having the bank selling the asset to the card holder at purchase price and profit basis on deferred payment terms.

Bay al-Inah credit card in 2024 has a second contract that is a spot sale, where the card holder is selling back the bought asset to the ban with the proceeds of the sale becoming cash in his card.

QARD EL HASSAN CARD    BAY AL INAH CARD   TAWARRUQ CARD   MURABAHA CARD   TAKAFUL CARD   CASH BACK CARD   PREPAID CARD   REWARD CARD   FOR STUDENT   WITH NO FEE   WITHOUT INTEREST   BAD CREDIT   LIBYA   QATAR   PHILIPPINES   UNITED-KINGDOM   UNITED-STATES    CANADA   BANGLADESH   NIGERIA    TURKEY   IRAN   EGYPT    INDIA   CHINA   ABU-DHABI    BAHRAIN   DUBAI   INDONESIA    MALAYSIA   PAKISTAN   R.A.K   SAUDI-ARABIA   SHARJAH   IRELAND   LIST OF ISLAMIC INSURANCE COMPANIES    LIBYA   QATAR   AUSTRALIA