jordan
Egypt
Tunisia
Sudan
Bahrain
Turkey
South Africa
Algeria
Lebanon
Syria
Pakistan
Libya
Iraq
General terms and conditions for the Split card:
- Transactions under 20 dinars are not eligible for installment payments. Any amount less than this will be recorded as a single credit transaction, payable in one lump sum at the end of the cycle, based on the interest-free loan model.
- The card's cash withdrawal limit is between 50 and 100 dinars, renewable monthly and subject to the bank's approved cash withdrawal fee, as authorized by the Sharia Supervisory Board.
- The minimum income requirement is 300 dinars before deductions for existing loans with the bank and other financing institutions.
- Profit is calculated at 9% annually, based on the cardholder's chosen term. A fixed profit amount is established at the time of signing the contract and remains unchanged.
- The mutual insurance rate is calculated per transaction at 0.5% annually, divided by 12 months and multiplied by the installment period chosen by the customer, subject to the terms and conditions of the mutual insurance fund. Reward points (loyalty points) are awarded for purchases (after the customer agrees to the terms and conditions through the banking app).
- Cash withdrawals, gold and silver purchases, bill payments made through the eFawateercom platform and its agents, and transactions at exchange bureaus cannot be made in installments.
How the card works and the installment procedures:
Sharia-compliant awareness guidelines for cardholders:
- The Split Card is not a traditional credit card, but rather a legitimate contractual arrangement. You initially purchase the item or service as an agent for the bank, which then offers it to you via installment payment via text message. If you choose the installment period, the sale is considered a Murabaha transaction for goods or a Ijara transaction for services. Keep this in mind and do not dispose of the item as you would as an owner (such as selling or gifting it) before the contract is finalized.
- The text message you receive after purchase is an offer from the bank. Your selection of the installment period, followed by confirmation via the verification code, constitutes acceptance, thus finalizing the sale and making it binding. Treat this message with utmost seriousness. Read the transaction amount, installment details, and total profit before clicking the "Submit" option.
- If you do not respond and access the installment link within three hours, this is considered acceptance. The transaction will then be automatically divided into the longest available installment period, based on your agreement in the issuance agreement and in accordance with the principle that "silence in the face of a need for clarification is itself a statement." Therefore, make your choice within the given timeframe. The profit is fixed at the time of the contract and never increases thereafter. Extending the loan term in exchange for increased profit is not permissible, even at your request, as this constitutes prohibited usury (riba al-nasi'ah). However, the bank may offer a discount for early repayment, without obligation, based on the principle of "reduce and expedite."
- Delaying repayment when able is an unjust act, even if no usurious penalties are imposed. The Prophet Muhammad (peace be upon him) said, "Delaying repayment by a wealthy person is injustice." Therefore, adhere to your installment schedule as a religious obligation before it becomes a contractual one.
- Cash withdrawals from ATMs are considered interest-free loans, repaid in full at the end of the term without interest. The commission is a fee for an actual service and is unrelated to the loan term; therefore, it is not subject to installment plans.
- Purchasing gold, silver, and currencies, paying bills, and other currency exchange transactions are not subject to installment plans according to Islamic law. These are monetary obligations, and allowing them to be paid in installments with interest constitutes usury. Therefore, they are considered credit transactions to be repaid in a single payment at the end of the term, based on the principle of interest-free loans. The card is a trust to be used only for permissible purposes; it is not allowed to be used for anything forbidden by God. The bank has the right to withdraw the card in case of violation, while also blocking access to technically prohibited sectors.
- In transactions with restaurants, hotels, car rentals, and other establishments where payment is delayed until after the service has been received, the process involves two contracts: First, you purchase the service from the provider and receive it on behalf of the bank, thus transferring ownership to the bank. Second, the bank sells or leases the service to you, in which case you act as both parties to the contract: you initiate the sale or lease on behalf of the bank and accept it on your own behalf. One person acting as both party to the contract is permissible according to the Maliki and Hanbali schools of thought, provided the price is fixed and there is no favoritism. This is the case here because the transaction is based on the price announced by the service provider for everyone, with a profit margin predetermined in the agreement. Therefore, adhere to the limits of the authority granted to you by the bank. The insurance premium (0.5% annually per transaction) is a voluntary contribution to the mutual insurance fund, and coverage is subject to its terms and conditions.
- Issuance, renewal, and replacement fees are actual procedural and banking service fees provided by the bank to the cardholder, and their permissibility has been approved by the International Islamic Fiqh Academy.
- Every transaction executed with the card is considered to have originated from you, and you are bound by its rulings regardless of who actually uses it; therefore, safeguard your card and verification code.
- Purchases in foreign currencies: Transactions executed in currencies other than the Jordanian Dinar will be converted to Dinars at the exchange rate applicable on the day the transaction is credited to your account, not the day it was executed. An additional currency conversion fee of (2.5%) of the transaction value will be added, calculated once upon crediting and not repeated or increased over time. This conversion is permissible according to Sharia. Because the bank sells you the commodity on a profit-sharing basis at a price in dinars known at the time of transaction, the currency conversion fee is simply part of the bank's cost in establishing the exchange contract between you and them. The commission is a known service fee calculated once.
- Use your card only as much as you need and can afford to pay, as the purpose of Islamic law is to preserve wealth, not deplete it.
Split Visa Classic card:
Split Mastercard Gold card:
Split Mastercard Platinum Card:
Advantages of Split Visa Signature:
Split Mastercard World card::
Fees charged for issuing/renewing cards:
Installment periods are available depending on the transaction amount:
New Services
You can now update your information through the "Islami Mobile" application, Without the need for that, visit the branch and without the need to communicate with the customer service center with ease and accuracy.
The Smartphone App is Available on the Following stores, Download the App now:
