Ithmaar Bank, a Bahrain-based Islamic retail bank, has launched a new sharia-compliant prepaid e-Card.

A statement said the card is ‘designed to provide customers a faster, safer and more convenient online shopping experience,’ reported the Gulf Daily News (GDN), our sister publication.

Features include real-time top-ups through Ithmaar Bank’s e-Banking or e-Payment platforms as well as a daily top-up and utilisation limit of BD10,000 ($26,511) and minimum top-up of BD1.

Users of the e-Card will join the bank’s loyalty programme, Ithmaar Rewards, and accumulate loyalty points with each transaction.

Other features include SMS notifications, monthly electronic statements, as well as discounts on shipping charges through Aramex and a $5 lifetime ‘Aramex Shop and Ship’ membership, the bank said.

“Ithmaar Bank has long been a pioneer in recognising industry trends and offering innovative products and services that cater to financing needs,” said general manager for retail and private banking Abdul Hakeem Al Mutawa.

“Among the key features of the new e-Card is the ability to safely and conveniently deliver purchases through Aramex from 15 different locations around the world to Bahrain,” he said. - TradeArabia News Service