How is installment payment calculated on an Islamic card? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

How is installment payment calculated on an Islamic card?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Before converting a transaction to installments, find out the total amount after installments, fees, and duration, and whether the conversion is final.

The phrase "0%" does not necessarily mean zero cost; there may be service fees.

The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.

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