26 July 2016
Find out more

Al Hilal Bank credit card with compass points to Mecca

23 October 2012  |  5920 views  |  2 credit card

Abu Dhabi-based Islamic lender Al Hilal Bank has teamed up with MasterCard to launch a credit card with a built in digital compass to help customers find Qibla, the direction Muslims must face while performing Salah.

The first of its kind, the 'Qibla' credit card - developed with InfoTec Systems - locates the direction of the Kaaba in Mecca at the push of a button.



The card offers a zero profit rate for up to 12 months for 'Hajj' and 'Umrah' travel - pilgrimages to Mecca. Cardholders can also get complimentary travel vouchers worth AED500 for Hajj and Umrah travel packages, a zero profit rate for up to six months on travel, electronics, jewellery and other purchases.

Mohamed Zaqout, head, personal banking group, Al Hilal Bank, says: "This card embodies Islamic banking at its best as envisioned by Al Hilal Bank."

Comments: (2)

A Finextra member
A Finextra member | 23 October, 2012, 11:53

I see talking heads, but no product demo.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Sirajuddin Mustafa
Sirajuddin Mustafa - The Family Office Co. BSC (c) - Manama | 23 October, 2012, 15:58

There is a video promoting the product with demo.

http://www.youtube.com/watch?v=uiBa4-5YCIA

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

MasterCard launches mobile PayPass SDK

MasterCard launches mobile PayPass SDK

17 September 2012  |  7631 views  |  0 comments
Somali Islamists ban mobile money

Somali Islamists ban mobile money

19 October 2010  |  7900 views  |  0 comments
Bank Islam selects T24 for Shariah-compliant banking

Bank Islam selects T24 for Shariah-compliant banking

14 January 2008  |  9514 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euVisit capgemini.comVisit VocaLink.com

Who is commenting?

Top topics

Most viewed Most shared
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
9084 views 14 comments | 32 tweets | 37 linkedin
satelliteContactless Bitcoin startup Plutus Tap &am...
9058 views comments | 9 tweets | 4 linkedin
hands typing furiouslyBanking on IoT: Security in the Internet o...
8711 views 3 | 21 tweets | 7 linkedin
Apps crush internet for UK banking loginsApps crush internet for UK banking logins
7459 views comments | 17 tweets | 25 linkedin
Thomson Reuters and Imperial College form fintech and regtech research partnershipThomson Reuters and Imperial College form...
5834 views comments | 29 tweets | 16 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job