Al Rubban Islamic credit card enlivens the Seef Mall promotion

The promotion entitled "Don't Let These Prizes Sail By This Summer" will run through the summer months well into the festive season of Ramadan and Eid al-Fitr and will also witness the much awaited inauguration of the Seef Mall extension which is nearing completion. The sponsorship agreement was recently signed between Shamil Bank and Seef Properties managements. The two organizations were represented by Mr. Tariq Bahar, Head, Retail Banking, Shamil Bank and Mr. Khalid Abdulaziz Fadhul, Leasing and Merchandising Manager, Seef Properties, respectively.

The Al-Rubban promotion is part of a re-launch campaign which positions the product as the lowest priced credit card available in the market today with a one off 'fee on guarantee' of 6.5% which works out to be less than 0.6% per month. "The lowest ever price is an unbeatable feature of our unique Sharia'a compliant credit card" Mr. Tariq Bahar Head of Retail Banking, Shamil Bank said. "There is a host of other benefits offered to the cardholders including global acceptance, insurance benefits, no extra charges on outstanding balance and on top of all convenient repayment in equal instalments over 12 months" Mr. Bahar added.

Continuing on the subject, Mr. Bahar said that "According to the Bank's strategy, its retail products and services are increasingly accessible and affordable to all members of society. For example, Al Rubban credit card is available to all and is not restricted to only Shamil Bank accountholders. There is no requirement for salary transfer to Shamil Bank in order to obtain the card."

"After analysing the market back in year 2002 we felt that there was a definite need for a Sharia'a compliant credit card with a global reach. We were right as Al-Rubban credit card fulfilled this market gap and offered to the customers exceptional benefits that are unmatched in the region to date. The partnership with the global brand MasterCard provides Al Rubban a worldwide acceptance at more than 20 million establishments and 650,000 ATMs."

said Ali Salem, Manager Distribution Channels Support & Card Operations, Shamil Bank.

In accordance with the Islamic Sharia'a, Al-Rubban credit cardholders do not have to pay interest on their spend; a one-off low level fee per month is charged instead. In a bid to make the repayment process as transparent and hassle-free as possible Shamil Bank has devised a convenient twelve month repayment schedule based on the credit card spend. It saves the customers from enduring surprises such as rising interest rate or other hidden charges.

Seef Mall's "Don't Let These Prizes Sail By This Summer" promotion will offer visitors amazing rewards, making their shopping a more enjoyable experience throughout the summer and the festive season" commented Mr. Khalid Abdulaziz Fadhul, Leasing and Merchandising Manager, Seef Properties.

"The promotion promises its participants amazing prizes including brand new Porche Cayanne, Mercedez E280 Elegant and Dodge Charger, diamond sets, holiday packages to Thailand and Malaysia, Seef Mall gift vouchers and prizes from a number of shops at the Mall and much more." Mr. Fadhul added.

Shamil Bank's Al Rubban credit card is available in both Gold Card and Classic types.