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Best Islamic Credit Cards in Malaysia

Compare Shariah-Compliant Cards from Malaysia's Top Banks

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What is an Islamic credit card?
An Islamic credit card is firstly, Shariah-compliant. The main differences between Islamic credit cards and conventional credit cards are the prohibition of gharar and riba. Gharar is overcharging, while riba is interest. There are no compound charges as overcharging is also prohibited under Shariah law.

Secondly, Islamic credit cards do not charge interest. Any interest or riba is strictly prohibited under the Shariah law. Therefore, what Islamic banks do is provide Islamic credit cards by charging for their service, which is known as the “profit charge”, and only charged if there is an outstanding amount that is not paid within the grace period.

Thirdly, most of the Islamic credit card offers Takaful coverage. Aside from that, Muslims will also have the added convenience of being able to pay their Zakat with an Islamic credit card.

How do Islamic credit cards work?
An Islamic credit card, also known as credit card-i in Malaysia offers a viable option for Muslims to have the convenience of a credit card while keeping true to their faith.

It’s also an alternative option for non-Muslims as you don’t necessarily have to be Muslim to have an Islamic credit card.

For non-Muslims who prefer the concept of Islamic banking, an Islamic credit card would give them an option aside from the conventional credit card.

An Islamic credit card functions similarly to a conventional credit card but with some slight differences in the offered features.

Who can apply for an Islamic credit card?
Islamic credit cards can be enjoyed by both Muslims and non-Muslims.

In fact, many non-Muslims now use these cards to take advantage of their unique features and fantastic deals.

How do I apply for an Islamic credit card?
Use our free comparison tool to find the best Islamic credit card to suit your needs.

We compare credit cards across all trusted providers in Malaysia. Once you found a card that you wish to apply for, click the ‘Apply now’ button.

Shariah banking VS Conventional banking
Shariah-compliant banking is governed by Islamic principles which includes being interest-free.

Making money from money, such as by charging interest, is prohibited (usury) and therefore Shariah-compliant banking will not have this.

Wealth will be made through legitimate trade and investment in commodities or assets, however companies involved with alcohol, gambling, tobacco, and pronography is off limits.

Financial tools and financing that are structured in accordance to Islamic law are Shariah compliant.

Best Islamic Credit Cards in Malaysia

You can find an array of Islamic credit cards here at CompareHero.my so to make your search and comparison easier, we recommend these top 3 Islamic credit cards in Malaysia.

RHB World Mastercard Credit Card-i
• Up to 6% cashback on local travel, petrol and dining spend
• Up to 2% cashback on overseas spend and 0.2% cashback on all other spend
• Up to 6X Plaza Premium Lounge access in Malaysia
• No annual fees

Public Islamic Bank Visa Platinum Credit Card-i
• 2% cashback on Online and Overseas Spend (capped at RM15 monthly)
• 50% discount on Will and Wasiat Writing Service fees
• Every 0.1% of your monthly dining spend will automatically be donated to Yayasan Waqaf (capped at RM100 monthly)
• The annual fee is free for the first year and will continued to be waived when you swipe at least 12 times over the preceding 12 months

Maybank Islamic Ikhwan American Express Platinum Card-i
• Up to 8% cashback on Online Spending during Ramadhan, Syawal and throughout the year
• Up to 3X TreatsPoints for every RM1 spent on selected categories
• TreatsPoints can be redeemed with gifts, gadgets, vouchers and even air miles (20,000 TreatsPoints = 1,000 Enrich/KrisFlyer/Asia Miles)
• No annual fees