Is installment payment on an Islamic card the same as Murabaha?

Not every installment plan on a credit card is necessarily a Murabaha transaction.

Steps

1. Islamic cards can be structured differently, and the method of converting a purchase into installments depends on the product.

2. Before clicking "installment," know the total amount after installments, the fees, and the specific formula used, rather than relying solely on the terms 0% or "Islamic."

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.

Source

• AAOIFI — Sharia Standards

• Central Bank of Egypt — Payment Cards