Al Hilal Bank introduces Qibla locator credit card

HH Sheikh Nahyan Bin Mubarak Al Nahyan attends launch ceremony

Tags: Al Hilal BankInfoTec Systems (infotecsystems.net/)MastercardUnited Arab Emirates
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Al Hilal Bank introduces Qibla locator credit card The card was unveiled in the presence of His Highness Sheikh Nahyan Bin Mubarak Al Nahyan, centre, the UAE’s Minister of Higher Education and Scientific Research.
By  ITP.net Staff Writer Published  October 9, 2012

Marking another first, according to Al Hilal, card holders will also be entitled to a zero-profit rate for up to 12 months on balances transferred from conventional bank credit cards. This is intended to encourage more customers to shift to Islamic cards and help them pay off their high interest-bearing card balances from conventional credit cards.

"Our innovative Qibla credit card is yet another testament to our ability to constantly surprise our patrons with pioneering products and services that reflect our progressiveness as an Islamic bank. Our new offering enables cardholders to benefit from a rich array of exclusive benefits and special privileges. This card embodies Islamic banking at its best as envisioned by Al Hilal Bank," said Mohamed Zaqout, head of Personal Banking Group, Al Hilal Bank.

Eyad Al-Kourdi, vice president and country manager, UAE, MasterCard Worldwide, said, "The Al Hilal Bank Qibla MasterCard Credit Card reflects our capability to develop highly innovative and tailored payment solutions for consumers in the Middle East. MasterCard is honored to be associated with a financial institution that shares our passion for community welfare."

"It was like a ‘Mission Impossible' task when the bank approached us with the idea of having a compass built into a payment card that would indicate the Qibla direction from anywhere in the world. We are proud of our work with Al Hilal Bank and the confidence they have given us in bringing this innovative concept to life," added Houssam Khatib, Infotec Systems Group CEO.

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