This program is designed to provide participants with knowledge and skills related to the credit card industry through familiarity with the systems, technical knowledge and credit principles related to the life cycle of a shari'a compliant credit card. Participants will learn about the processes related to card issuance, pricing policies, credit limit, and periodicity of claims, as well as understanding the relationship of credit cards to the loyalty and reward programs of Islamic banks.
At the end of the training program, the participant should be able to:
1 Overview on principles of credit
2 Al-Tawarouq principles
1 Types of credit cards
2 International payment companies Visa and MasterCard
3 Card issuer bank and merchant bank
4 The parties involved in the credit card workflow
1 Shari’a controls for issuing credit cards
Lending criteria
Pricing Policies
2 The policies of Islamic banks in dealing with claims for Islamic credit cards:
Full payment
Partial payment
3 SIMAH credit report and the monthly deduction or deduction percentage
4 Functions and uses of credit cards
5 Features, Benefits, Rewards and Loyalty Programs
Not Available
Names of the training programs that are integrated (enriched) with the training program:
Names of the training programs that after the training program:
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