Program Brief

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.

Program Goals

At the end of the training program, the participant should be able to:

  • Familiarity with procedures, regulations, technical concepts and processes related to credit cards for the purpose of knowledge of the relevant legal controls.
  • Recognize the legal controls of credit cards to understand their legal adaptation.
  • Study and analysis of the life cycle of credit card operations to match them with Sharia regulations
  • Familiarity with the technical concepts and limitations of credit cards, their issuance controls and standards, and the intervening parties in order to understand the available options for pricing in accordance with Shari’a controls.
  • Learn about loyalty programs so that he understands the exact relationship to the legal controls applied in credit cards.
Program Agenda
Module 1: Islamic Credit Card Principles and Controls
  • 1 Overview on principles of credit

    • 2 Al-Tawarouq principles

      Module 2: Types of Credit Cards and Workflow
      • 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

              Module 3: Shari’a Controls, Advantages and Benefits
              • 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

                            Program Requirements

                            Not Available

                            Program Path

                            Names of the training programs that are integrated (enriched) with the training program:

                            • Not Available

                            Names of the training programs that after the training program:

                            • Not Available
                            Program Method
                            • Lecture
                            • Case Studies
                            • Practical Implementation
                            • Dialogue Teams
                            Evaluation Method
                            • Pre Exam
                            • Post Exam
                            Training Type
                            • Online Training

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