E-mousawama Card

E-mousawama card is the new concept of electronic installment cards in compliance with Sharia’a guidelines. This credit card is the only one of its kind that breaches the definition of Islamic Financing and improves the method of installment. The customer gets the credit approval and the purchases can be performed at defined AFH Merchants that cover the most of your needs.

 Key Facts Statement

Features

  • Card Limit:                                $500 up to $15,000
  •  Card Validity:                            1 Year from Issuance
  • Card Cost Charged Yearly:      $50
  • Payment Duration:                  12 months up to 48 months
  •  Profit Rate:                                0.45% per month
  • Due Amount:                             equal monthly installments
  • Purchases can be performed at defined AFH merchants
  • Precised card for local purchases
  • SMS and e-mail with each transaction
  • Can not be used for cash withdrawal
Conditions

  • Valid ID or Passport
  • Must be between 21 years old and 60 years old
  • Minimum Salary: $600 or equivalent in LBP
  • Salary Certification
  • Bank Account Statement
  • Proof of residence, utility bill or mayor's certificate
  • Other Guarantees: case by case

 

 

 

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