What Is the Bank Islam Mastercard Debit Card-i?
This is your ethical, Shariah-compliant Mastercard Debit Card-i! It links directly to your Bank Islam Savings, Current, or transactional Investment Account, allowing you to pay and withdraw using your own funds worldwide.
The card is based on the Ujrah concept, meaning fees are charged for the convenient payment services provided by the bank.
What Are the Benefits?
- Charitable Impact: A fixed amount of RM2 from your Annual Fee and Replacement Fee is donated to the Sadaqa House Orphan Fund. This makes your card an active part of supporting orphans' futures!
- Worldwide Acceptance: Enjoy the freedom to make purchases at millions of merchants globally wherever Mastercard is accepted.
- Secure Online Shopping: Peace of mind comes standard with the 3D Secure feature, which typically requires a One-Time-Password (OTP) for online and overseas transactions.
- Free ATM Access: Enjoy zero fees for cash withdrawals made at any Bank Islam ATM.
Who Can Apply For This Debit Card?
You must be an existing Bank Islam account holder and meet the following age criteria:
- Aged 12 years and above with a Savings Account.
- Aged 18 years and above with a Current Account or transactional Investment Account.
- The card is available for Joint Accounts only if the account has "either to sign" instructions.
- Registered owners of sole-proprietor companies with a Current Account can also apply for one card under the business name.
What Are the Required Documents to Apply for This Debit Card?
- A valid Bank Account (Savings, Current, or Investment) linked to the card.
- Your official Identification Document (e.g., NRIC or Passport) for application verification at a branch.
What Are the Fees That I Need to Pay?
- Issuance Fee: RM12.00 (RM2 is contributed to Sadaqa House).
- Annual Fee:
- First Year: Waived.
- Subsequent Years: RM12.00 per annum (RM2 is contributed to Sadaqa House).
- Replacement Fee (Lost/Stolen/Damaged): RM12.00 per card (RM2 is contributed to Sadaqa House).
- Overseas Transaction Conversion Fee: Mastercard's exchange rate + 1.25% Bank Islam fee.
- Cash Withdrawal at Bank Islam ATM: Free.
- Cash Withdrawal at MEPS ATM (Local/Foreign): RM1.00 / RM4.00 per withdrawal.
- Cash Withdrawal via VISA Plus: RM10.00 per withdrawal.
