Pricing
KD 80 a year. Itemised, because you should know what you're paying for.
Your membership is not one fee. It is four separate contracts, each with its own price and its own service — which is exactly how we can charge for a guarantee without charging for money.
The four contracts
| Contract | What you get | Price |
|---|---|---|
| Kafalah bi-al-Ajrكفالة بالأجرguarantee for a feeThe guarantee facility itself, up to a KD 500 ceiling. | The guarantee facility itself, up to a KD 500 ceiling. | KD 40 |
| IjarahإجارةleaseThe card, the app, hold tracking, servicing and support for 12 months. | The card, the app, hold tracking, servicing and support for 12 months. | KD 25 |
| Wakalah bi-al-Ujrahوكالة بالأجرةagency for a feeA retained legal panel that acts as your agent if a merchant disputes. | A retained legal panel that acts as your agent if a merchant disputes. | KD 10 |
| Ujrahأجرةcost pass-throughVisa Platinum scheme fees and the benefits that come with them. | Visa Platinum scheme fees and the benefits that come with them. | KD 5 |
| Total, per year | KD 80 |
Plus a Wa'd — and it carries no price
Your binding undertaking to repay us, at cost, if we ever settle a valid claim on your behalf. It is published with the other four so you can read it before you sign anything.
The guarantee fee is flat, on purpose
KD 40 is charged identically whether you use KD 10 of your ceiling or all KD 500, and whether a hold lasts two days or thirty.
It prices the facility being available to you — not the amount, and not the time. A fee that scaled with either would be a price for money, and we would not be able to offer it.
Prefer to spread it?
| Plan | Total | Payments |
|---|---|---|
| Up-front | KD 80 | Once |
| Six months | KD 90 | KD 15 × 6 |
What you carry: KD 50
We guarantee 90% of the ceiling — KD 450 of a KD 500 hold. The remaining KD 50 stays your responsibility if a valid claim is ever settled. We say so here rather than in the terms, because finding it out at the moment a claim is settled would be a bad way to learn it.
What you will never pay
No interest
None charged, none paid, on any part of this product. There is no balance to charge it on.
No issuance fee
Nothing to pay to have the card produced and sent to you.
No monthly fee
The membership is annual and itemised. KD 80 is the whole of it.
No minimum spend
The card is a guarantee instrument. There is nothing you are required to spend.
No inactivity fee
A year in which you place no holds at all costs the same as any other.
No fee to freeze your card
Freeze and unfreeze in the app as often as you like, at no charge.
Against the two routes you already have
Same stay, same deposit. The variable is what you have to put up to satisfy it.
| Cash deposit | Conventional credit card | Depozit | |
|---|---|---|---|
| To qualify | — | KD 400/month salary transfer or KD 1000 collateral | Nothing |
| Up-front cost | KD 300–KD 500 locked | around KD 100 issuance | KD 0 |
| Your cash immobilised | Yes | No | No |
| Interest | — | Yes | None, ever |
| Credit check | No | Yes | No |
| Annual cost | — | Varies | KD 80 |
Questions about the price
Is the price the same for everyone?
Yes. KD 80 a year, identically, regardless of how much of the ceiling you use, how many holds you place, or how long they last. There is no risk-based pricing here, because a fee that varied with exposure would be a price for money.
What exactly happens to the KD 50?
Nothing at all unless a valid claim is settled. If one is, we pay 90% of it and you carry the rest, up to KD 50 at the full ceiling. You repay our share at cost, with no mark-up.
Why does the six-month plan total KD 90 rather than KD 80?
Because a deferred price is a different price, fixed and agreed at signing. It is KD 10 more, it is stated before you commit, and it does not increase with time — which is precisely what separates it from a rate.
What happens if I pay late?
Any late charge is Gharamah: it is assigned to charity and is not our revenue. We have no financial interest in your being late.
One price, published before you apply.
Read the contracts first if you want to. They are on the site, not behind the signup flow.
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.