To Grant Customers Flexibility in Payment Management: Zain Cash Launches Murabaha Installment Service on Its Cards

jordan pulse : AMMAN — As part of its strategy to develop innovative digital financial services that meet diverse customer needs, and in line with its ongoing commitment to providing digital financial solutions that foster financial inclusion in the Kingdom and empower customers with smart tools to manage their finances efficiently, Zain Cash announced the launch of a Murabaha installment service. The new service enables customers to easily pay for high-value purchases and payments in installments through its suite of Sharia-compliant credit cards, available in three tiers: Classic, Platinum, and World.
This service complements Zain Cash's existing features, including a 0% fee installment option available across a wide network of accredited merchants. It offers flexible options tailored to various spending habits, allowing customers greater control over their expenses. The Murabaha installment service provides a secure option to spread the cost of major purchases into manageable monthly payments with transparent costs, supporting better financial planning.
The new feature enables Zain Cash credit cardholders to convert any local or international purchase exceeding 100 JOD into fixed monthly installments extending up to 12 months, for a fixed fee/Murabaha rate of 1% per month of the purchase value. Additionally, these cards combine cashback and reward points programs, allowing cardholders to benefit from both features simultaneously.
Zain Cash credit cards offer a full suite of features within a single card, including full payment, flexible payment, fee-free installments, and Murabaha installments for merchants outside the accredited network. The entire digital journey is managed seamlessly through the Zain Cash app, from card application to management and expense tracking.
Since its inception in 2011, Zain Cash has established its position as a leading digital financial services provider and prepaid card issuer in Jordan, becoming the largest issuer of Mastercard cards in the Kingdom. The company provides a broad range of digital financial services, including cash deposits and withdrawals, POS payments, and local and international online shopping through the Zain Cash Mastercard issued upon wallet registration.
In cooperation with Mastercard, Zain Cash provides Sharia-compliant credit cards with credit limits ranging from 100 JOD to 5,000 JOD, requiring no salary transfer and carrying no issuance fees, thereby offering flexible and comprehensive financing solutions to help users manage their funds effectively.
Source: Rum News Agency

AMMAN — As part of its strategy to develop innovative digital financial services that meet diverse customer needs, and in line with its ongoing commitment to providing digital financial solutions that foster financial inclusion in the Kingdom and empower customers with smart tools to manage their finances efficiently, Zain Cash announced the launch of a Murabaha installment service. The new service enables customers to easily pay for high-value purchases and payments in installments through its suite of Sharia-compliant credit cards, available in three tiers: Classic, Platinum, and World.
This service complements Zain Cash's existing features, including a 0% fee installment option available across a wide network of accredited merchants. It offers flexible options tailored to various spending habits, allowing customers greater control over their expenses. The Murabaha installment service provides a secure option to spread the cost of major purchases into manageable monthly payments with transparent costs, supporting better financial planning.
The new feature enables Zain Cash credit cardholders to convert any local or international purchase exceeding 100 JOD into fixed monthly installments extending up to 12 months, for a fixed fee/Murabaha rate of 1% per month of the purchase value. Additionally, these cards combine cashback and reward points programs, allowing cardholders to benefit from both features simultaneously.
Zain Cash credit cards offer a full suite of features within a single card, including full payment, flexible payment, fee-free installments, and Murabaha installments for merchants outside the accredited network. The entire digital journey is managed seamlessly through the Zain Cash app, from card application to management and expense tracking.
Since its inception in 2011, Zain Cash has established its position as a leading digital financial services provider and prepaid card issuer in Jordan, becoming the largest issuer of Mastercard cards in the Kingdom. The company provides a broad range of digital financial services, including cash deposits and withdrawals, POS payments, and local and international online shopping through the Zain Cash Mastercard issued upon wallet registration.
In cooperation with Mastercard, Zain Cash provides Sharia-compliant credit cards with credit limits ranging from 100 JOD to 5,000 JOD, requiring no salary transfer and carrying no issuance fees, thereby offering flexible and comprehensive financing solutions to help users manage their funds effectively.
Source: Rum News Agency