Bank Islam Malaysia Bank Islam Credit Card-i (Visa and Mastercard family)
Islamic Personal Financing in Labuan
Bank Islam's Islamic credit card family: Visa Infinite (min income RM36,000 p.a.), Visa Platinum with up to 5% cash back on online, auto-billing, grocery and dining (RM36,000), Mastercard Platinum with up to 2x TruPoints on contactless and petrol (RM36,000), Mastercard Inspire with lifetime annual fee waiver and 2x Plaza Premium Lounge visits (RM36,000), Visa Gold with up to 3% cash back (RM24,000), Mastercard Gold with unlimited 1 TruPoint per RM1 (RM24,000), and a Visa Infinite Business card with up to 8% cash back. Product Disclosure Sheet effective 1 August 2026, revised profit rate notices, 0% instalment plan programme and Takaful coverage documents are all published on the page (crawled bankislam.com 2026-08-06).
Bank Islam's card shelf is the most professionally documented in the cluster: current PDS (August 2026), versioned T&Cs and even the profit-rate revision notices are all one click from the listing. Rewards are respectable (5% capped cash back on Platinum, cheap entry at RM24,000 income) without being spectacular. Big spenders chasing fuel and travel value will do better on CIMB's Petronas Infinite-i; customers who want their card issued by an Islamic-only bank with clean paperwork should take this.
Pros
- Full-fledged Islamic issuer, so no conventional card cross-subsidy at entity level
- Accessible entry at RM24,000 income for Gold tiers
- Active, dated document trail including profit-rate revision notices
Cons
- Cash back caps and ujrah/profit mechanics live in the PDS, not the page
- No Amex option (Maybank Ikhwan has one)
- Premium travel perks thinner than CIMB's Petronas Visa Infinite-i
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Product Details
Structure
unspecified
Bank Islam Malaysia in Labuan
Bank Islam Malaysia's Bank Islam Credit Card-i (Visa and Mastercard family) is available to Labuan residents, using a unspecified structure. The total selling price is fixed in the contract, and early settlement earns an ibra' (rebate) on unearned profit under BNM's rules. Bank Islam Malaysia operates across Malaysia, so Labuan residents have full access to this product.
Shariah Compliance & Oversight
Bank Islam's Group Shariah Supervisory Council (GSSC) reports functionally to the Board and is named in full on the bank's leadership page: Ir Dr Muhamad Fuad Abdullah (Chairman), Sahibus Samahah Prof. Dato' Dr Asmadi Mohamed Naim, Dr Shamsiah Mohamad, Datu Haji Kipli Haji Yassin, Prof. Dr Wan Abdul Fattah Wan Ismail and Prof. Emeritus Dato' Dr Mohd Azmi Omar. The GSSC has a published Charter and Terms of Reference and performs oversight of all Shariah matters across the group (bankislam.com/corporate-info/about-us/leadership/ and /corporate-info/corporate-governance/, crawled 2026-08-06).
2026-08-06
Why It's Halal
Issued by a full-fledged Islamic bank under the named GSSC, with versioned card T&Cs (effective 8 April 2026), a current PDS (effective 1 August 2026) and published profit-rate revision notices, evidence of active Shariah-governed repricing rather than static marketing. Cards carry Takaful (not insurance) coverage documents. Honest caveat: the card contract (Bank Islam cards operate on Shariah-compliant structures per the PDS; historically Bai' al-Inah, revised over time) is not named in the crawlable listing text, so we cite the published document trail (crawled bankislam.com 2026-08-06).
Regional Availability
Bank Islam Malaysia serves all of Malaysia
✓ Available nationwide including Labuan
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NationwideFrequently Asked Questions
What is Bank Islam Malaysia Bank Islam Credit Card-i (Visa and Mastercard family)?
Why is Bank Islam Malaysia Bank Islam Credit Card-i (Visa and Mastercard family) considered halal?
Is Bank Islam Malaysia Bank Islam Credit Card-i (Visa and Mastercard family) available in Labuan?
What Shariah oversight does Bank Islam Malaysia have?
What financing structure does Bank Islam Malaysia Bank Islam Credit Card-i (Visa and Mastercard family) use?
How do I apply for Bank Islam Malaysia Bank Islam Credit Card-i (Visa and Mastercard family) in Labuan?
Does Labuan's offshore financial centre affect my consumer banking?
How do Labuan residents access the full Islamic product shelf?
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Important: HalalWallet provides educational information and comparisons to help you explore halal financial options. We do not provide financial, legal, or religious advice. Product structures and Shariah compliance oversight vary by provider. Always verify halal compliance directly with providers and consult with qualified Islamic finance advisors or scholars for guidance on specific products and your individual circumstances.