Yes, all bank installments are compatible with the provisions of Islamic Sharia, where a commodity is bought and sold in the form of tawarruq or Murabha.
How can I benefit from easy monthly installments using my credit card?
When making a purchase from one of Amwal Tech's partner merchants, you can select "Installment via Amwal Tech" on the payment page. Then, choose your credit card from the participating banks. Approval for the installment plan is instant—no waiting required!
Which banks are partners?
You can now pay in installments using your Al Rajhi Bank credit card. Soon, installment plans will also be available with the following partner banks: 1. AlAhli Bank 2. Alinma Bank 3. Alawwal Bank
What is the limit for the installment amount?
The limit is defined according to every bank and is typically up to approve cedit card limit.
What are the costs?
The easy monthly installment plan comes with no fees or interest, meaning you won’t pay any additional charges or interest.
What are the conditions for using the credit card installment service?
1. You must have a credit card issued by one of the approved banks. 2. You must have sufficient credit limit to cover the purchase amount before completing the transaction.
Does the full product amount need to be available on the credit card?
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.
What are the benefits of the credit card installment service with Amwal?
Installments offer financial flexibility, allowing you to shop now and pay later with easy monthly payments, a longer repayment period of up to 12 months, and a higher purchasing limit.
Can I use prepaid cards or cash on delivery to benefit from the installment program?
No, unfortunately! The easy monthly installment plan is only available for credit cards issued by partner banks.
Are bank installment sharia compliant?
Yes, all bank installments are compatible with the provisions of Islamic Sharia, where a commodity is bought and sold in the form of tawarruq or Murabha.
Which banks are partners?
You can now pay in installments using your Al Rajhi Bank credit card. Soon, installment plans will also be available with the following partner banks: 1. AlAhli Bank 2. Alinma Bank 3. Alawwal Bank
What are the benefits of the credit card installment service with Amwal?
Installments offer financial flexibility, allowing you to shop now and pay later with easy monthly payments, a longer repayment period of up to 12 months, and a higher purchasing limit.
Do merchants need to sign an agreement with the partnering Banks
No, we handle all agreements and eligibility conditions so that we display the best options to your customers
When do merchants receive their payments?
You get paid upfront, 100% of the purchase amount. Money is transferred in 2-7 days according to your agreement with Amwal.
How do I enable bank installment through Amwal
We automatically enable it for your customers when they are buying an eligible order, using an eligible credit cards. Make sure you use the latest release or contact customer support.
Can I have other Pay later options enabled on my store
Certainly, our button works in parallel with other payment flows.
