Statement of the Shariah Advisory Council of Bank Negara Malaysia (SAC) on Imposition of Cash Advance Fee and Annual Fee in Credit Card-i and Arising Matters in Ujrah-based and Tawarruq-based Credit Card-i
Embargo :3 Jul 2026
Statement of the Shariah Advisory Council of Bank Negara Malaysia (SAC) on Imposition of Cash Advance Fee and Annual Fee in Credit Card-i and Arising Matters in <em>Ujrah</em>-based and <em>Tawarruq</em>-based Credit Card-i
3 Jul 2026
This Shariah Advisory Council (SAC) Statement sets out the parameters that shall be complied with by Islamic financial institutions (IFIs) in imposing cash advance fees and annual fees on credit card-i products. It also provides clarity on the implementation of ujrah-based and tawarruq-based credit card-i.
Issuance Date
3 July 2026
Effective Date
3 July 2026
Issuing Department
Islamic Finance Department
Document
Imposition of Cash Advance Fee and Annual Fee in Credit Card-i and Arising Matters in Ujrah-based and Tawarruq-based Credit Card-i
Bank Negara Malaysia
3 July 2026
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