Partners
BIN sponsorship and distribution.
A guarantee-backed card with no credit line, no revolving balance and no interest — which makes it an unusually clean programme to sponsor.
The proposition, briefly
No credit exposure to sponsor
There is no credit line and no revolving balance in the product. The exposure is a capped guarantee facility, underwritten by us.
A capped, disclosed ceiling
90% coverage to KD 500 per cardholder, with the residual carried by the cardholder.
Fee revenue, not spread revenue
A flat KD 80 annual membership across four disclosed contracts, plus interchange.
A segment your gating excludes
Expatriates without a salary transfer, the self-employed, and customers who decline interest-bearing credit.
Sharia structure documented
Four contracts plus a Wa'd, published in full, submitted to an independent board.
Regulatory posture stated openly
Our licensing page states exactly where registration stands, without rounding up.
What we are looking for
A Visa principal member to sponsor the BIN, and distribution partners who already reach the segments above.
Diligence material — the contract set, the guarantee model, the loss assumptions and the operating plan — is available under NDA on request.
Partner enquiry
Tell us which side you are on — sponsorship, distribution, or both — and we will send the relevant pack.
Registration with the Central Bank of Kuwait is in progress. We are not yet authorised to issue cards.
Our four-contract structure has been submitted to an independent Sharia Supervisory Board for ruling.
BIN sponsorship is under negotiation with a Visa principal member.
Depozit does not offer credit. There is no credit line, no revolving balance, and no interest charged or paid on any part of this product. The guarantee covers 90% of the KD 500 ceiling; the remaining KD 50 is the cardholder's own responsibility.