Amwal review
Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.
Our verdict
Amwal suits buyers in Saudi Arabia who want a credit card for installments without interest or an annual fee. The APR of 0% and the annual fee of SAR 0 sit at the bottom of the market, and the rewards on offer are points.
Key facts
- Best for
- Installments on a Sharia compliant card with no interest and no annual fee.
- Annual fee
- SAR 0 (Source, checked September 26, 2026)
- APR
- 0% (Source, checked September 26, 2026)
- Rewards type
- Points (Source, checked September 26, 2026)
- Perks
- No Amwal fees or interest on credit card installments, Zero interest, most plans fee-free, Sharia compliant Tawarruq or Murabaha structure, Keeps credit card points, rewards and miles, No registration or document uploads, 3-24 month installment tenors, Online checkout, in-store POS and Apple Pay (Source, checked September 26, 2026)
- Card kind
- Credit (Source, checked September 26, 2026)
- Legal entity
- Amwal Tech Inc. (Source, checked September 26, 2026)
- Headquarters
- Saudi Arabia (Source, checked September 26, 2026)
- Support channels
- Email, Help-centre, Community (Source, checked September 26, 2026)
- Features
- Rewards
- Official website
- amwal.tech
Pros and cons
Pros
- The APR of 0% and the annual fee of SAR 0 keep the cost of borrowing low.
- No Amwal fees or interest on credit card installments, Zero interest, most plans fee free and Sharia compliant Tawarruq or Murabaha structure promises no Amwal fees or interest on credit card installments.
- No Amwal fees or interest on credit card installments, Zero interest, most plans fee free and Sharia compliant Tawarruq or Murabaha structure keeps the credit card points, rewards and miles you already earn.
- No Amwal fees or interest on credit card installments, Zero interest, most plans fee free and Sharia compliant Tawarruq or Murabaha structure adds a Sharia compliant Tawarruq or Murabaha structure.
- No Amwal fees or interest on credit card installments, Zero interest, most plans fee free and Sharia compliant Tawarruq or Murabaha structure covers online checkout, in store payments and Apple Pay.
Cons
- Support runs on email, help centre and community only, with no phone line for urgent problems.
- Rewards are points rather than cash, so points need redeeming.
- Installment tenors follow a set window in No Amwal fees or interest on credit card installments, Zero interest, most plans fee free and Sharia compliant Tawarruq or Murabaha structure, so the pace is not yours to choose.
Who it suits
- Shoppers in Saudi Arabia splitting a purchase into installments on a credit card
- Buyers who need the Sharia compliant Tawarruq or Murabaha structure listed in No Amwal fees or interest on credit card installments, Zero interest, most plans fee free and Sharia compliant Tawarruq or Murabaha structure
- Card holders who want to keep the points, rewards and miles in No Amwal fees or interest on credit card installments, Zero interest, most plans fee free and Sharia compliant Tawarruq or Murabaha structure
Who should look elsewhere
- Anyone who needs a phone helpline, since support is limited to email, help centre and community
- Card holders chasing cash back, since the reward here is points rather than cash
- Borrowers wanting a deposit backed limit, since the Varo Believe Secured Credit Card is secured and charges an annual fee of $0
Deposit protection
The money side of this card is regulated in Saudi Arabia and the United Arab Emirates. Amwal holds a licence in Saudi Arabia under the Saudi Central Bank (Saudi Payments) and SAMA, recorded as PSP013, and a licence in the United Arab Emirates under the Financial Services Regulatory Authority, Abu Dhabi Global Market (ADGM), recorded as 00076. The safety of the account rests on that supervision, since the card is a credit card and a balance can carry a cost when it is not on an installment plan.
Rewards and perks
Amwal pays in points, and the type of reward is points. The practical appeal sits in the perks list rather than in a headline rate. No Amwal fees or interest on credit card installments, Zero interest, most plans fee free and Sharia compliant Tawarruq or Murabaha structure states that you keep the credit card points, rewards and miles you already collect, so the card does not take those away from you. The same list adds a Sharia compliant Tawarruq or Murabaha structure, online checkout, in store payments and Apple Pay, and installment tenors that run from a few months to a longer term, all without Amwal fees or interest on the installments.
Who regulates it
The licence record names regulators in Saudi Arabia and the United Arab Emirates. In Saudi Arabia the card sits with the Saudi Central Bank (Saudi Payments) and SAMA under the licence PSP013. In the United Arab Emirates it is supervised by the Financial Services Regulatory Authority, Abu Dhabi Global Market (ADGM) under the licence 00076. The Saudi licence is the one most cardholders will check, and the ADGM licence covers activity carried on inside that market.
Fees and FX
On the credit card, the annual fee is SAR 0 and the APR is 0%, so a balance left revolving sits at the bottom of the credit card range. No Amwal fees or interest on credit card installments, Zero interest, most plans fee free and Sharia compliant Tawarruq or Murabaha structure adds that most plans are fee free and that there are no Amwal fees or interest on credit card installments, with installment tenors that run from a few months to a longer term. For most holders the cost that matters is the amount agreed at checkout, not an annual charge.
The company behind it
The card is issued by Amwal Tech Inc., which is registered in its home country, Saudi Arabia. Support is handled through email, help centre and community, meaning questions go by email, through a help centre or to a community rather than down a phone line. The company operates under licences in Saudi Arabia and the United Arab Emirates: PSP013 in Saudi Arabia with the Saudi Central Bank (Saudi Payments) and SAMA, and 00076 in the United Arab Emirates with the Financial Services Regulatory Authority, Abu Dhabi Global Market (ADGM). The Saudi licence is what governs the card for most holders.
How Amwal compares
9.8 vs 9.0
9.8 vs 8.9
9.8 vs 8.8
9.8 vs 9.2
9.8 vs 8.8
9.8 vs 9.4
9.8 vs 8.5
9.8 vs 8.5
9.8 vs 9.0
9.8 vs 8.8
9.8 vs 8.8
9.8 vs 8.7
9.8 vs 9.2
9.8 vs 9.0
9.8 vs 9.5
9.8 vs 9.4
9.8 vs 9.4
9.8 vs 9.2
9.8 vs 9.2
9.8 vs 9.1
9.8 vs 9.1
9.8 vs 9.1
9.8 vs 9.1
9.8 vs 8.8
9.8 vs 8.8- 9.8 vs 8.8
- 9.8 vs 8.8
- 9.8 vs 8.8
9.8 vs 8.5
9.8 vs 8.5
9.8 vs 8.5
9.8 vs 8.3
9.8 vs 8.2
9.8 vs 8.0
9.8 vs 8.0
Where Amwal is available
- Available
- Saudi Arabia, United Arab Emirates
- Licence in Saudi Arabia
- Saudi Central Bank (Saudi Payments) / SAMA (PSP013), checked September 26, 2026
- Licence in United Arab Emirates
- Financial Services Regulatory Authority, Abu Dhabi Global Market (ADGM) (00076), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does the Amwal credit card cost to hold?+
The annual fee is SAR 0 and the APR is 0%, so there is no charge for keeping the card and a balance that is not on an installment plan accrues interest at 0%. No Amwal fees or interest on credit card installments, Zero interest, most plans fee free and Sharia compliant Tawarruq or Murabaha structure adds that most plans are fee free.
How much interest do I pay on installments?+
The card carries an APR of 0%, and No Amwal fees or interest on credit card installments, Zero interest, most plans fee free and Sharia compliant Tawarruq or Murabaha structure states that there are no Amwal fees or interest on credit card installments. Tenors run from a few months to a longer term, so you can pick a repayment pace that matches the purchase.
Is the card Sharia compliant?+
Yes. No Amwal fees or interest on credit card installments, Zero interest, most plans fee free and Sharia compliant Tawarruq or Murabaha structure lists a Sharia compliant Tawarruq or Murabaha structure, which means the card is built on Islamic finance arrangements rather than conventional revolving credit. That is the main reason to choose it over a standard card.
Who regulates Amwal?+
In Saudi Arabia the card is supervised by the Saudi Central Bank (Saudi Payments) and SAMA under PSP013. In the United Arab Emirates it sits with the Financial Services Regulatory Authority, Abu Dhabi Global Market (ADGM) under 00076.
What rewards does the card pay?+
The reward type is points, and No Amwal fees or interest on credit card installments, Zero interest, most plans fee free and Sharia compliant Tawarruq or Murabaha structure states that you keep the credit card points, rewards and miles you already earn. Nothing is deducted for using the card, so any points you collect on other cards still build up.
How do I contact Amwal support?+
Support is available through email, help centre and community, which covers email, a help centre and a community. There is no phone channel among the options listed, so raise anything urgent by email or through the community.
Where can I use the card?+
No Amwal fees or interest on credit card installments, Zero interest, most plans fee free and Sharia compliant Tawarruq or Murabaha structure lists online checkout, in store payments and Apple Pay. The card is a credit card, so it is meant for borrowing on a plan rather than for holding a balance as a savings tool.
Who is Amwal Tech Inc.?+
The issuer is Amwal Tech Inc., registered in its home country, Saudi Arabia. It operates under the Saudi Central Bank (Saudi Payments) and SAMA licence PSP013 and, for activity in the United Arab Emirates, the ADGM licence 00076.
Do I need to upload documents to sign up?+
No. No Amwal fees or interest on credit card installments, Zero interest, most plans fee free and Sharia compliant Tawarruq or Murabaha structure states there is no registration or document upload needed, so setting up the card does not depend on sending paperwork. Support questions afterwards run through email, help centre and community.
Sources
- amwal.tech checked September 26, 2026
Backs: Features
“Use your credit card to spread costs over 3-24 months. No new app, no extra charges - and earn every reward point your card offers.”
- amwal.tech/en/consumer-faq checked September 26, 2026
Backs: Support channels
“Got Questions? Everything you need to know about the product and billing.”
- amwal.tech/en/how-it-works checked September 26, 2026
Backs: APR, Card kind, Perks, Rewards type
“Most plans have no fees and every plan has zero interest.”
- amwal.tech/en/privacy checked September 26, 2026
Backs: Headquarters, Legal entity, Licences
“Our information may be transferred to Saudi Arabia, UAE, and other locations.”
- amwal.tech/en/terms checked September 26, 2026
Backs: Annual fee
“Credit card installments: Amwal does not charge customers any fees or interest for using credit card installment plans through Amwal.”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Currency conversion fee.
Related by the facts
Amwal
Installments on a Sharia compliant card with no interest and no annual fee.