Banky team Reviewed editorial answerInstallment plans for purchases with an Islamic card don't necessarily follow the same structure as a traditional credit card; the format varies depending on the bank, the card type, and the Sharia-compliant contract used.
Steps
Before opting for installments, inquire about the purchase price after installment, the profit margin or fees, the installment period, whether the price is fixed from the start, and what happens in case of late or early payment.
Don't judge a product solely based on the word "Islamic"; read the card contract, the details of each installment program, and ensure it has been approved by the bank's Sharia board.
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.