In today’s world, financial products are constantly evolving to meet the diverse needs of global consumers. One such innovation is the Diners Club International Shari’ah Charge Card, a product created for individuals who prefer to bank according to Islamic principles.

The Diners Club Shari’ah Charge Card is a groundbreaking product that allows users in South Africa and around the globe to enjoy the same privileges as traditional credit cards, but with an added layer of compliance with Islamic economic guidelines. Whether you’re looking for rewards on your everyday purchases or premium travel benefits, this card provides an array of offerings that make it an attractive choice for many.

Key information about the credit card

How does the annual fee work?

When it comes to annual fees, the Diners Club International Shari’ah Charge Card follows the model of many premium charge cards. While specific fee details are not readily available in the public domain, premium cards such as these often come with an annual fee that reflects the exclusive services they provide.

If the Diners Club Shari’ah Charge Card offers a no-annual-fee option, this would be a major advantage for users who want access to premium benefits without the cost. However, it is important to consider that, typically, cards with no annual fee may offer fewer perks compared to those that charge an annual fee.

How is the credit limit determined?

The Diners Club International Shari’ah Charge Card operates under a unique charge card system. Unlike a traditional credit card, where a credit limit is set and users are required to make minimum monthly payments, a charge card requires that the balance be paid in full at the end of each billing cycle.

For those considering applying for this card, it is crucial to understand that Diners Club and Standard Bank assess the financial situation of each applicant when determining their purchasing power. Factors such as income, credit history, and overall financial standing will play a role in deciding the spending capacity of the cardholder.

Advantages of the credit card

• Shari’ah compliance: The card adheres strictly to Islamic banking principles, offering peace of mind to users who prioritize ethical financial practices.
• Global acceptance: With access to over 45 million merchants worldwide, cardholders can use the card virtually anywhere.
• ClubMiles rewards program: Cardholders can earn miles on their purchases, which can be redeemed for a wide variety of products, including electronics and travel accessories.
• Premium travel benefits: The card offers bespoke travel packages, including tailored Umrah packages, and access to end-to-end travel services from premium partners.
• Exclusive events and privileges: Diners Club members enjoy invitations to high-profile, invitation-only events, adding an element of luxury to their cardholder experience.

Standout advantage

One of the most significant advantages of the Diners Club International Shari’ah Charge Card is its compliance with Islamic economic principles. This card is the first in the world to be Shari’ah-compliant, meaning it offers all the benefits of a premium card while ensuring that cardholders adhere to their faith’s ethical guidelines. This is a significant factor for Muslim consumers who wish to engage in modern banking without compromising their beliefs.

Disadvantages

• Annual fee: As with many premium cards, there is likely an annual fee attached to this card.
• Charge card model: Cardholders must pay off their balance in full each month, which may not suit everyone’s financial habits.
• Limited availability: The card is currently available primarily in South Africa, which may limit its accessibility for international customers.

A standout disadvantage

One of the most notable disadvantages of the Diners Club Shari’ah Charge Card is the requirement to pay off the entire balance at the end of each month. While this system promotes responsible spending, it may not be ideal for individuals who prefer the flexibility of carrying a balance from one month to the next. This charge card model means that it’s more suitable for users with stable and predictable cash flow.

Who can apply for this card?

The Diners Club International Shari’ah Charge Card is available to individuals who meet certain eligibility criteria. Applicants must be at least 18 years of age, with a verifiable source of income that meets the financial requirements set by Standard Bank.

Additionally, applicants must have a clean credit record, as creditworthiness is a significant factor in the approval process. Unfortunately, this card is not available to those with a negative credit history or those who have been blacklisted. To apply, you must provide valid identification, proof of income, and, in some cases, proof of address.

The approval process for this card is relatively straightforward but thorough, ensuring that applicants are financially stable and capable of managing a charge card. Standard Bank aims to make the application process as smooth as possible, but prospective cardholders should be prepared to submit comprehensive documentation.

How to apply for the Diners Club International Shari’ah Card

For the website

One of the easiest ways to apply for this card is through Standard Bank’s official website. The online application process is designed to be user-friendly and efficient, guiding applicants through each step of the process.

Once on the website, you’ll be asked to provide personal details, including your name, address, and employment information. You’ll also need to upload copies of your ID, proof of income, and any other relevant documents that may be required. The website will walk you through each step, and once your application is submitted, you can expect a response within a few business days.

Through the app

For those who prefer to handle their banking via smartphone, the Standard Bank app offers another convenient way to apply for the Diners Club Shari’ah Charge Card. Simply download the app from your preferred app store, create an account, and navigate to the credit card application section.

From there, you can input your details, upload your documentation, and track the progress of your application in real-time. The app also allows you to manage your account, check your ClubMiles balance, and access exclusive cardholder benefits.

At the branch

If you prefer a more personalized experience, you can also apply for the Diners Club Shari’ah Charge Card by visiting your nearest Standard Bank branch. At the branch, a representative will assist you with your application, ensuring that all your documents are in order and answering any questions you may have. Applying in person can be beneficial for individuals who want face-to-face interaction and immediate clarification on any aspects of the card.