What happens if I am late in paying my Islamic card?

Don't assume that late payments are cost-free or without consequences just because it's an Islamic card.

Key points

• Review the contract to understand how late payments are handled, and be aware of potential credit implications and collection procedures depending on the situation.

• If you're unable to pay, contact the bank before the due date and inquire about available solutions instead of rolling over the debt without understanding the process.

Source

• AAOIFI — Sharia Standards

• Central Bank of Egypt — Payment Cards