Question 1

What Makes Amwal Unique?

Accepted Answer

0% Fees and Interest: Pay the full purchase amount in installments without any additional charges. Instant Approval: Your installment plan is confirmed immediately at checkout Sharia-compliant: A fully ethical, interest-free payment solution you can trust. Seamless with Your Credit Card: No registration, paperwork, or separate financing needed—simply select installments at checkout. +Card Benefits Continue earning your credit card rewards, points, and miles while using the installment service.

Question 2

Are bank installment sharia compliant?

Accepted Answer

Yes, all bank installment plans comply with Islamic Sharia principles. Commodities are bought through tawarruq or Murabaha and are officially certified by the Saudi Central Bank SAMA to ensure full Sharia compliance.

Question 3

Are there any fees or interest?

Accepted Answer

Amwal’s bank installment plans are free of interest and fees, with no extra charges applied at any stage.

Question 4

How To purchase using Amwal’s Bank installment service?

Accepted Answer

Amwal Tech allows you to flip your purchases to monthly installments using your credit card at any of our partner merchants: Online Purchases: At the checkout page, select  “Bank Installments”  and choose your credit card from the Partnering banks. In-Store / Offline Purchases: Inform the cashier that you wish to pay via  Amwal Tech installments. The cashier will send an SMS to your Phone number with a secure payment link, allowing you to complete your purchase in monthly installments.

Question 5

Where can I use Amwal?

Accepted Answer

Amwal is available across a wide and growing network of leading online and in-store retailers in Saudi Arabia — from electronics and home stores to fashion, beauty, and lifestyle brands.

Question 6

Why do you hold the money?

Accepted Answer

We don’t hold the money ourselves. Your bank temporarily reserves the full purchase amount on your credit card limit, then converts it into monthly installments It is required by banks to ensure a smooth, instantly approved and free-of-charge installment.  Every month, the bank releases part of this reserved amount and charges your installment. This is fully handled by the bank — Amwal only enables the installment option at checkout.

Question 7

What is the limit for the installment amount?

Accepted Answer

The maximum installment amount is based on the credit card limit of each customer. Customers can use the service for purchases up to 100,000 SAR depending on their available credit.

Question 8

What are the conditions for using the credit card installment service?

Accepted Answer

You must have  a credit card issued by the partnering banks and sufficient credit limit to cover the purchase amount before completing the transaction.

Question 9

Does the full product amount need to be available on the credit card?

Accepted Answer

Yes, the full amount must be available on your credit card  as the bank will initially hold the full amount and then convert it into installments. You will repay the amount in installments without any fees or interest.

Question 10

What are the benefits of the credit card installment service with Amwal?

Accepted Answer

Amwal lets you split purchases at  your favorite stores  in a  safe, transparent way  using your existing credit card. You get  instant approval  with  no extra fees or risks, because everything happens within your pre-approved credit limit. And you keep earning your card’s rewards, points, and miles while paying over up to 24 months.

Question 11

Can I use Mada, prepaid cards, or cash on delivery to benefit from the installment program?

Accepted Answer

Unfortunately, Amwal’s Bank Installments Service is only available for credit cards issued by partner banks.

Question 12

Which Banks Are Partnering with Amwal for Installments?

Accepted Answer

Installment payments are currently available with Al Rajhi Bank  and  SNB  credit cards. Soon, the service will be available with the other banks.

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