SABB has launched its new Amanah Visa credit card as part of the Amanah family of Shariah- compliant products. The banks' Deputy Managing Director Adel Al-Nasser handed the new card to Bakheet Khalaf Al-Tamimi over the weekend, as the first customer to obtain this credit card, in the presence of a group of senior managers at the bank. Al-Nasser said “the launch of the new card reflects the continuation of relationship between SABB and VISA and indicates SABB keenness to provide all services to its customers based on SABB commitment of continued creation and renovation in all respects. The launch of the card also aims at maintaining our leading position in the credit card market in the light of the recent development and progress in the market.” Saeed Al-Khuraimi, general manager SABB Amanah, said “the new card is built on the Tawarruq principle and it gives the customer the advantages and flexibility over any other credit card. The card allows the customer flexibility in just paying the minimum of the total outstanding every month and revolve the remaining amount through Tawarruq transaction. The card comes with the exciting option of free shopping through SABB's well-recognized ‘ICSABB' program that allows card members to earn points and get discounts and shopping vouchers for the participating outlets. The card is acceptable all over the world.” SABB's market share stands at about 20 percent owing to its high standard of service and other incentives and advantages availed to cardholders. ICSABB Loyalty program rewards the customer for purchases using the card.
