Islamic Credit/Charge

Card Fees
Primary Card Annual Fee

SR 150 for Classic card

SR 350 for Gold card
SR 450 for Titanium card
SR 600 for Platinum card
SR 1,000 for World card

Supplementary Card Annual

Fee

Free

Primary Card Replacement

Fee

SR 100

Supplementary Card
Replacement Fee

SR 100

Invalid transaction dispute

(if Client Claim is not right)

SR 50

Late Payment Charges (goes Outstanding less than SR 250 = Free

for charity)
Outstanding SR 250 and above= SR 100
Over Limit Fee

Free

Installment Processing Fees SR 50

(for each transaction)
Cash Withdrawal Fee

SR 75

Annual APR (Profit Rate)

based on Card Holder
segment **

29.88% for Monthly Salary Assigned more than SR

5,000 & for Taqdeer, Preferredand Private
Banking clients
35.88% for Monthly Salary Assigned less than SR 5,000
35.88% for non-Monthly Salary assigned
15% for card against cash collateral

Foreign Currency Fees

World 2%
Classic, Gold, Titanium & Platinum 2.99%
Foreign currency conversion(US dollar example)
Transaction amount - $ 1,000
Exchange rate 3.754 (based on VISA/MasterCard
daily exchange rate)
Foreign currency charge 3.754 + (3.754*2%) = SAR
3.82908
Total converted amount reflected in statement =
3.82908 * 1,000 = SAR 3,829.08

Period of Statement

Monthly

Payment Due Date

21 days from statement date

Murabaha Fee (Monthly) **

SR 15

Grace Period

51 days

Minimum Payment of Dues

Classic - 5% or SR 250 (whichever is higher)

Gold, Titanium, Platinum & World - 5% or SR 350
(whichever is higher)

V1 -5-2015

Method of Monthly Murahaba Margin calculation (Islamic cards) **

Monthly Profit is charged on last months statement balance minus payments received
by payment due date.
Profit amount is charged every month till outstanding balance is settled in full.

Amount (SAR)
Purchased Air ticket for SAR 2,000 on 1 Jun
Outstanding due in 15 June statement
Payment made on the due date of 6th July

2,000
500

Balance carried forward (revolved)

1,500

Hotel Payment of SAR 1,400 on 10th July

1,400

Murahaba Margin calculations (2.49 % p.m.)*

a) Murahaba margin on SAR.1,500 for month of June (in July statement)
= 1,500 * 2.49%
b) Fixed Sales commission of SAR 15 (in July statement)
Outstanding due in 15 July statement
(Purchases Payments + Murahaba Margin & Sales Commission)

37.35
15
2952.35

* Profit rate based on customer segment of salary assigned More than SR 5,000
**Not applicable for charge cards
Exclusive credit card fees and charges will only apply on premium SHB customers
(Private, Preferred and Taqdeer segments). If SHB customer relationship with the
bank is changed, regular fees and charges will be applied as mentioned in SHB
credit cards terms and conditions.
These fees and charges are applicable with effect from July 1, 2015.
Please refer to Terms and conditions for full details.

Conventional Credit/Charge
Card Fees
Primary Card Annual Fee

SR 150 for Classic card

SR 350 for Gold card
SR 450 for Titanium card
SR 600 for Platinum card
SR 1,000 for World card

Supplementary Card Annual

Fee

Free

Card Replacement Fee

SR 100

Invalid transaction dispute

(if Client Claim is not right)
Late Payment Fee

SR 50

Over Limit Fee

Free

Outstanding less than SR 250 = Free

Outstanding equal or greater than SR 250 = SR 100

Installment Processing Fees SR 50

(for each transaction)
Cash Withdrawal Fee

1.5% or SR 75 (whichever is higher with a maximum charge

of SR 300)

Annual APR (Profit Rate)

based on Card Holder
segment **

29.88% for Monthly Salary Assigned more than SR

5,000 & for Taqdeer, Preferredand Private
Banking clients
35.88% for Monthly Salary Assigned less than SR 5,000
35.88% for Non-Salary Assigned
15% for card against cash collateral

Foreign Currency Fees

World 2%
Classic, Gold, Titanium & Platinum 2.99%
Illustration (US dollar conversion for World Credit
Card)
Transaction amount - $ 1,000
Exchange rate 3.754 (based on VISA/MasterCard
daily exchange rate)
Foreign currency charge 3.754 + (3.754*2%) = SAR
3.82908
Total converted amount reflected in statement =
3.82908 * 1,000 = SAR 3,829.08

Period of Statement

Monthly

Payment Due Date

21 days from statement date

Grace Period

up to 51 days

Minimum Payment of Dues

Classic - 5% or SR 250 (whichever is higher)

Gold, Titanium, Platinum & World - 5% or SR 350
(whichever is higher)

Method of Monthly Finance Charge calculation **

Finance charges applied monthly on:
Retail purchase transaction from transaction date if the customer does not pay outstanding
in full by payment due date
Cash transaction from transaction date till payment date. There is no interest free grace
period on cash advance transaction

Method of Monthly Finance Charge calculation (Continued)

Amount (SAR)
Purchased Air ticket for SAR 2,000 on 1 Jun
Outstanding due in 15 June statement
Payment made on the due date of 6th July

2,000
500

Balance carried forward (revolved)

1,500

Hotel Payment of SAR 1,400 on 10th July

1,400

Finance Charge calculations (2.49 % p.m.)*

a) Finance charges on SAR 2,000 for 15 days (from 1 June to 15 June)

24.90

b) Finance charges on SAR 2,000 for 21 days (from 15 June to 6 July)

34.86

c) Finance charges on SAR 1,500 for 9 days (from 6 July to 15 July)

11.20

d) Finance charges# on SAR 1,400 for 6 days (from 10 July to 15 July)

6.97

Finance charges in 15 July statement (a+b+c+d)

77.93

Outstanding due in 15 July statement

(Purchases Payments + Finance Charges)

2,977.93

* Interest rate based on customer segment of salary assigned more than SR 5,000.
** Not applicable for charge cards
# Please note if you have not made full payment in last statement i.e. if you are
revolving on amount outstanding, then there is no free credit period applicable and
all purchases in the current statement will be charged with interest from the date
of transaction
Exclusive credit card fees and charges will only apply on premium SHB customers
(Private, Preferred and Taqdeer segments). If SHB customer relationship with the
bank is changed, regular fees and charges will be applied as mentioned in SHB credit
cards terms and conditions.

Corporate Credit Card Fees

Card Annual Fee

SAR 600

Card Replacement Fee

SAR 100

Invalid transaction dispute

(If Client Claim is not right)

SAR 50

Late Payment Fee

SAR 250 or 2.5% (whichever higher)

Cash Withdrawal Fee

SAR 55 or 3.5% (whichever higher)

Foreign Currency Fees

Foreign Currency Fee 2.5%

Example:
The transaction amount is $ 1,000
Exchange rate is 3.754 (conversion based
on daily exchange rates)
Foreign Currency Charge of 2.5% = (3.754*2.5%)
+ 3.754 = 3.84785
Total converted amount reflected on
statement = 3.84785*1000 = SR 3847.85

Period of Statement

Monthly

Minimum Payment

100%

These fees and charges are applicable with effect from July 1, 2015.
Please refer to Terms and conditions for full details.