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Important Notification

We are revising the terms and conditions of our Smart Saadiq credit card. The purpose of the revision is to allow the bank to increase the rates which will be performed via Spot Commodity Murabaha transaction. The Spot Murabaha will be concluded at a profit rate of 3.6% per year (0.3% per month).

DD&Co Limited (which is also your appointed agent in the existing structure) will be acting as your agent for the spot Commodity Murabaha trades.

Smart Saadiq credit card and Commodity Murabaha trades terms and conditions, rates and charges are available at the following links below:

Credit Card Key Facts Statement

Saadiq Credit Card webpage

Master Agency Agreement & Master Murabaha Agreement

The new and aggregate annual percentage rate of profit will be effective from 15 August 2024:

Retail transactions* 41.4% per year

(3.45% per month)

44.28% per year

(3.69% per month)

Cash transactions* 41.4% per year

(3.45% per month)

45.00% per year (3.75% per month)

For detailed Service & Price Guide, please refer to the important links as listed below: