7th APRIL 2015 - Vol.XXXVIII No.018
Business News

New CrediMax card launched

MANAMA: Bahrain-based CrediMax yesterday announced the launch of its Sharia-compliant credit cards called Tayseer.

It has assigned the Sharia Review Bureau to ensure the structure and workings of its Islamic cards are compliant.

"The Sharia Review Bureau is recognised as a market leader in offering business advice and product solutions that conform with Islamic law and has a superb track record in monitoring the transactions to ensure compliance with Sharia," said Sharia Review Bureau chief executive Yasser Dahlawi.

"We are happy with CrediMax's proactive approach to developing an effective and flexible solution for Islamic consumers.

"We're looking forward to working closely with CrediMax to help them drive innovation across the credit card market industry and launch Sharia-compliant credit card products," he added.

"Our growing number of surveys have shown us that there is a growing demand for Sharia conscious consumers," CrediMax's chief executive Yousif Ali Mirza said.

"We believe Tayseer will provide a combination of both spectacular benefits and services that many of our customers have always wanted but with a Sharia-compliant assurance," he added.

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