To give customers greater flexibility in managing their payments Zain Cash Launches Murabaha Installment Service on Its Credit Cards

As part of its ongoing commitment to advancing financial inclusion in Jordan, Zain Cash continues to develop innovative digital financial solutions that give customers greater flexibility, convenience, and control over their finances. In line with this commitment, Zain Cash has announced the launch of its Murabaha Installment Service. The new service enables customers to easily spread the cost of high value purchases and payments into installments, as part of its suite of Sharia compliant credit card services, available across its three card tiers: Classic, Platinum, and World.

The new service complements Zain Cash’s comprehensive range of card benefits, including its 0% installment service, which is available on a wide network of Zain Cash accredited merchants. This provides customers with multiple options tailored to their different needs and spending patterns. Zain Cash continues to develop innovative digital financial solutions that offer customers greater flexibility and control over managing their expenses and financial payments. Murabaha Installment Service provides a secure option for spreading the cost of major purchases across manageable monthly payments with clear and transparent costs, helping enhance the customer experience and support better financial planning.The new service allows Zain Cash credit cardholders to convert any local or international purchase exceeding JOD 100 into fixed monthly installments for up to 12 months, at a fixed Murabaha fee of 1% per month of the purchase value. This gives customers greater flexibility in managing their spending and financial obligations, while enabling them to plan their expenses more effectively. Zain Cash credit cards also combine cashback and rewards points programs, allowing cardholders to benefit from both programs simultaneously.Zain Cash credit cards offer a comprehensive range of payment options and benefits through a single card, including full payment, flexible payment, 0% installment plans, and Murabaha-based installments for purchases made at merchants outside the approved merchant network. This provides customers with a seamless and convenient digital experience throughout their journey via Zain Cash app from applying for the card to managing it and monitoring its usage and payments delivering greater efficiency and convenience at every stage.Since its launch in 2011, Zain Cash has established itself as one of the leading digital financial services and prepaid card providers in Jordan. It is also the largest Mastercard card issuer in the Kingdom, offering a wide range of digital financial services, including cash withdrawals and deposits, point-of-sale purchases, and local and international online shopping through Zain Cash Mastercard, which customers receive upon opening their wallet.

Zain Cash also offers its Sharia-compliant credit cards in partnership with Mastercard, with credit limits ranging from JOD 100 to JOD 5,000, with no salary transfer required and no issuance fees. These cards provide users with flexible and inclusive financing solutions that help them manage their finances more effectively.