Burj Bank, MasterCard present Pakistan’s first Islamic debit card
Burj Bank has rolled out a new debit card in collaboration with MasterCard, which is termed to be Pakistan’s First Islamic Debit Card Pakistan.
The new MasterCard debit card is Shari'ah compliant and is ideal for Islamic banking tenets and provides a swarm of rewards, benefits, and acceptance available across the globe.
The card holders will get full access to cash and banking functions at ATMs in over 210 geographies as well as seamless transaction at 33.9 million merchant locations worldwide, said MasterCard.
According to the US card company, consumers can carry out secure online purchasing and over the telephone using their MasterCard debit card. Bill will be directly deducted on purchase amounts from the cardholders' bank account when paying at any point-of-sale (POS) terminal with no additional interest charge.
Burj Bank P&CEO Ahmed Khizer Khan said the bank is pleased to collaborate with MasterCard to offer its cardholders the safety and convenience associated with this brand.
"The introduction of the MasterCard Debit Card by Burj Bank is an important milestone for Pakistan's Islamic Banking industry given MasterCard's global experience of offering innovative Shari'ah Compliant products," Khan said.