Saadiq VISA Credit Cards

At Standard Chartered, we believe in respecting your values. We are pleased to introduce Standard Chartered Saadiq VISA Credit Cards – Pakistan’s first Shariah compliant Riba-free Credit Cards, which combine the international acceptability of VISA with worldwide reliability and excellent service.

Saadiq VISA Credit Cards have been carefully developed by an international team of professionals with Islamic financial expertise, who ensure that our products are within the guidelines of Islamic finance. Saadiq Credit Cards operate on the ‘Ujrah’ concept which is based on a fixed fee structure, meaning that only fixed fee will be charged to the customer. The Card would not be levied with any floating percentage fee dependent upon the outstanding balance.

Saadiq VISA Credit Cards give you the option of either paying the entire outstanding amount or pay only a minimum amount of the outstanding balance by the payment due date. Incase, you opt to pay any amount less than the total outstanding balance, the remaining balance gets transferred to the Service Account which is a non-interest and non-profit bearing account, linked to your Saadiq Credit Card. A fixed monthly maintenance fee will be levied only for the month the Service Account is used and reflects an outstanding balance.