Best Islamic Credit Cards in Malaysia — August 2026
By money.com.my EditorialLast updated: 13 April 2026Top 5 from 189 products reviewed
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Islamic credit cards operate under Shariah-compliant contracts — Ujrah, Wakalah, or Tawarruq — and do not charge interest (riba). All major Malaysian banks and their Islamic banking arms offer them. Functionally they work identically to conventional cards for payments and rewards. We compared available Shariah-compliant cards on fee structure, rewards earning rate, and minimum income requirements.
How Islamic credit cards actually work →New to Shariah-compliant cards? Our guide explains the ujrah service-fee model, ta'widh vs penalty interest, the Shariah Supervisory Board, and how to read the cashback caps.Quick comparison
| # | Product | Key Rate | Annual Fee | Min Income | Best For | |
|---|---|---|---|---|---|---|
| 1 | 8% cashback | Free | RM 2,000/mo | Everyday Muslim commuters who refuel at Petronas and want strong Islamic petrol cashback without a high income requirement | Details | |
| 2 | BA Bank Rakyat Bank Rakyat Platinum Explorer Credit Card-i | 5% cashback | Free | RM 5,000/mo | Muslim earners (RM5,000+/month) who want a Shariah-compliant Platinum card with up to 5% cashback and travel perks | Details |
| 3 | BA Bank Rakyat Bank Rakyat Platinum Credit Card-i | — | Free | RM 5,000/mo | Muslim mid-senior earners (RM5,000+/month) wanting a standard Islamic Platinum card from Bank Rakyat | Details |
| 4 | BA Bank Rakyat Bank Rakyat Gold Credit Card-i | — | Free | RM 3,000/mo | Muslim earners (RM3,000+/month) who want an accessible Islamic Gold credit card from a cooperative bank | Details |
| 5 | BA Bank Rakyat Bank Rakyat Muslimah Credit Card-i | — | Free | RM 2,000/mo | Muslim women (RM2,000+/month) who want a Shariah-compliant credit card designed for female cardholders | Details |
Rates are verified against each provider's official source — open any product for its verification date. Always confirm directly with the bank before applying.
Our picks — ranked
How we ranked these: Shariah contract certification, annual fee / service charge, cashback or reward rate — from 189 products reviewed.
Frequently asked questions
How is an Islamic credit card different from a conventional card?+
Islamic credit cards do not charge interest (riba). Instead, they use Shariah-compliant contracts: Ujrah (service fee), Wakalah (agency), or Tawarruq (commodity murabahah). The payment experience is identical — swipe, tap, or pay online — but the underlying contract differs.
Are Islamic credit cards cheaper than conventional ones?+
Not necessarily. The service fee or profit rate can be comparable to or higher than conventional interest rates. The difference is structural (Shariah compliance), not always financial. Compare total cost carefully.
Can non-Muslims apply for an Islamic credit card in Malaysia?+
Yes. Islamic financial products in Malaysia are open to all residents regardless of religion.
Which Malaysian banks offer Islamic credit cards?+
All major banks have Islamic banking arms: Maybank Islamic, CIMB Islamic, Bank Islam, RHB Islamic, Public Islamic Bank, Bank Rakyat, and Hong Leong Islamic, among others.
Rates and product details verified as of 13 April 2026. Product availability and rates are subject to change — always check with the provider before applying. All data sourced from official bank websites and Bank Negara Malaysia.