[last updated: 08 Nov 2019]

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Features & Benefits

• an Islamic credit card that is Syariah-compliant, based on the concept of Tawaruq
• ZERO annual fees
• no compounding element
• low profit rate
• earn 5% cash back for all airlines and hotel bookings
• enjoy 3X complimentary access yearly to all Plaza Premium Lounges in Malaysia
• no mark-up rate on currency exchange for overseas transactions
• free Group Family Takaful coverage and Khairat Kematian, coverage includes guaranteed repayment of outstanding finances accrued through Credit Card-i usage
• Rakyat Rewards of 1 point is awarded for every RM10 spent, and points could be converted to cash at the rate of RM0.10 per 10 points
• card is accepted for your Zakat payment
• transactions at non-halal merchants will be declined
• eligible for privileges and special discounts under the Mail Order / Telephone Order (MOTO) program

Eligibility

• minimum annual income - RM 60,000 (or RM 5,000 monthly)
• principal cardholder minimum age - 21 years old
• supplementary cardholder minimum age - 18 years old
• maximum applicant age - 65 years old

Fees & Charges

• annual fees - waived
• annual service tax - RM 25 per card
• card replacement - RM 50 per card
• minimum monthly payment - 5% of total outstanding balance or RM50, whichever higher
• late payment compensation - 1% of current balance or RM10 up to maximum RM100, whichever higher
• cash withdrawal through Bank Rakyat - 3% or RM20, whichever higher
• cash withdrawal through other banks - 5% or RM20, whichever higher
• cash withdrawal profit charges - 18% p.a.

Reference

• Bank Rakyat Platinum Explorer Credit Card-i x Plaza Premium Lounge T&C
• Bank Rakyat Platinum Explorer Credit Card-i 5% Cashback for Airline & Hotel Bookings T&C

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Features & Benefits

• the one and only Syariah-compliant Credit Card-i for women in Malaysia
• based on the Syariah concept of Tawarruq
• annual fee waived with no condition
• no compounding elements
• enjoy FREE Group Family Takaful coverage and Khairat Kematian, includes guaranteed repayment of outstanding finances accrued through Credit Card-i usage
• 0% mark up rate on currency exchange for overseas transactions
• 0% instalment plan facility for retail purchases of RM 1,000 and above, no processing fee, no penalty charge for full settlement
• get birthday rewards
• enjoy low profit rate under the tiered rate structure
• Rakyat Rewards - earn 1 point for every RM 10 spent, could be converted to cash at the rate of RM 0.10 per 10 points
• card is accepted for your Zakat payments
• cardholders are eligible for privileges and special discounts under the bank's Mail Order Telephone Order (MOTO) program
• enjoy profit rebate through Tabung Rakyat Rewards:

Eligibility

• only for women
• minimum annual income - RM 24,000
• minimum age - 21 years old (principal card)
• minimum age - 18 years old (supplementary card)
• maximum age limit - 65 years old

Fees & Charges

• principal annual fees - RM150 (waived with no condition)
• supplementary annual fees - RM80 (waived with no condition)
• annual service tax - RM 25 per card
• card replacement - RM 50 per card
• minimum monthly payment - 5% of total outstanding balance or RM50, whichever higher
• late payment compensation - 1% of current balance or RM10 up to maximum RM100, whichever higher
• cash withdrawal through Bank Rakyat - 3% or RM20, whichever higher
• cash withdrawal through other banks - 5% or RM20, whichever higher
• cash withdrawal profit charges - 18% p.a.

Reference

• Bank Rakyat Muslimah Credit Card-i T&C
• Bank Rakyat Muslimah Credit Card-i Product Disclosure Sheet

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Features & Benefits

• Syariah-compliant credit card
• based on the concept of Tawaruq Murabahah
• ZERO annual fee for lifetime
• no compounding element
• benevolence token of RM 1,000
• enjoy FREE Takaful coverage

Eligibility

• minimum annual income - RM 24,000
• minimum age - 21 years old (principal card)
• minimum age - 18 years old (supplementary card)
• must be a Takaful IKHLAS Certificate holder

Fees & Charges

• annual fees - waived with no condition
• annual service tax - RM 25 per card
• card replacement - RM 50 per card
• minimum monthly payment - 5% of total outstanding balance or RM50, whichever higher
• late payment compensation - 1% of current balance or RM10 up to maximum RM100, whichever higher
• cash withdrawal through Bank Rakyat - 3% or RM20, whichever higher
• cash withdrawal through other banks - 5% or RM20, whichever higher
• cash withdrawal profit charges - 18% p.a.

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Features & Benefits

• based on Syariah concept of Tawarruq Murabahah
• low profit rate from 13.5% p.a.
• annual fee waived with a minimum of 1 swipe per year
• no compounding elements
• FREE Takaful coverage
• zero mark-up rate on all overseas transaction
• benevolence token of RM 1,000
• card accepted for making Zakat payments
• enjoy great discounts and privileges from MasterCard
• exclusive discounts from MOTO program
• 20 days profit charges free period
• may convert Rakyat Rewards point into cash, where RM 100 = 10 points = RM 0.10

Eligibility

• minimum annual income - RM 60,000
• minimum age - 21 years old (principal card)
• minimum age - 18 years old (supplementary card)

Fees & Charges

• principal annual fees - RM 388 (waived with minimum 1 swipe per year)
• supplementary annual fees - RM 150 (waived with minimum 1 swipe per year)
• annual service tax - RM 25 per card
• card replacement - RM 50 per card
• minimum monthly payment - 5% of total outstanding balance or RM50, whichever higher
• late payment compensation - 1% of current balance or RM10 up to maximum RM100, whichever higher
• cash withdrawal through Bank Rakyat - 3% or RM20, whichever higher
• cash withdrawal through other banks - 5% or RM20, whichever higher
• cash withdrawal profit charges - 18% p.a.

*Tiered pricing structure above not applicable for Bank Rakyat staff

Documents Required

CLICK HERE TO APPLY

Features & Benefits

• Syariah-compliant to the Islamic concept of Murabahah
• no compounding elements
• FREE Takaful coverage
• ZERO annual fee for life
• ZERO mark-up rate on all overseas transaction
• low profit rate from 13.5% p.a.
• card accepted for making your Zakat payment
• benevolence token of RM 1,000
• 20-days profit rates free period
• enjoy great discounts and privileges from MasterCard and MOTO program
• may convert Rakyat Rewards into cash, where RM 100 = 10 points = RM 0.10 

Eligibility

• minimum annual income - RM 36,000
• minimum age - 21 years old (principal)
• minimum age - 18 years old (supplementary)

Fees & Charges

• principal annual fees - RM 150 (waived with no condition)
• supplementary annual fees - RM 80 (waived with no condition)
• annual service tax - RM 25 per card
• card replacement - RM 50 per card
• minimum monthly payment - 5% of total outstanding balance or RM50, whichever higher
• late payment compensation - 1% of current balance or RM10 up to maximum RM100, whichever higher
• cash withdrawal through Bank Rakyat - 3% or RM20, whichever higher
• cash withdrawal through other banks - 5% or RM20, whichever higher
• cash withdrawal profit charges - 18% p.a.

*Tiered pricing structure above not applicable for Bank Rakyat staff

Documents Required

CLICK HERE TO APPLY

Features & Benefits

• based on Syariah concept of Murabahah
• no compounding elements
• profit rate as low as 13.5% p.a.
• ZERO annual fee for lifetime
• ZERO mark-up rate on all overseas transaction
• FREE Takaful coverage
• acceptance for Zakat payment
• benevolence of RM 1,000
• 20-days profit rates free period
• enjoy great discounts and privileges from MasterCard and MOTO program
• may convert your Rakyat Rewards into cash, where RM 100 = 10 points = RM 0.10

Eligibility

• minimum annual income - RM 24,000
• minimum age for principal card - 21 years old
• minimum age for supplementary card - 18 years old

Fees & Charges

• principal annual fees - RM 60 (waived with no condition)
• supplementary annual fees - RM 30 (waived with no condition)
• annual service tax - RM 25 per card
• card replacement - RM 50 per card
• minimum monthly payment - 5% of total outstanding balance or RM50, whichever higher
• late payment compensation - 1% of current balance or RM10 up to maximum RM100, whichever higher
• cash withdrawal through Bank Rakyat - 3% or RM20, whichever higher
• cash withdrawal through other banks - 5% or RM20, whichever higher
• cash withdrawal profit charges - 18% p.a.

*Tiered pricing structure above not applicable for Bank Rakyat staff

Documents Required

Bank Rakyat is an Islamic cooperative bank that was established in Malaysia on 28th September 1954. It is the result of the merger of 11 union banks. However, it only became Syariah compliant with several branches in 1993, before becoming the Islamic cooperative bank it is today in 2003. That changed enabled the bank to record encouraging profits year after year.

Its products and facilities include consumer banking, commercial financing, savings, and investments, as well as financial planning products. This allows the bank to handle the demands of the modern-day consumer. They have also received various recognitions as an industry player and as an outstanding cooperative organization internationally and in Malaysia.