Starting from April 2017, and in accordance with the laws and regulations of the Kingdom of Saudi Arabia, The American Express Corporate Card will become Shari’a compliant. Accordingly, the terms and conditions relating to the Card will change and the existing Administrative Fee applicable on delayed payments will be replaced with a Fixed Administrative Fee.

 

This Fixed Administrative Fee may be waived at our discretion if you maintain a good payment history and pay the balance in full by the due date.

 

To view the Shari’a certificate, please click here

To view the Shari’a Scholars, please click here

To view the Shari’a FAQ, please click here

To view the Corporate Cards Terms and Conditions, please click here

To view SAIB Corporate Cards Terms and Conditions, please click here

 

For more information, please contact your Relationship Manager.

 

You can terminate the agreement if you do not agree with the amendments by calling Our Corporate servicing unit within 14 calendar days from the receipt of this notice