Burj Bank launches Pakistan''s first Islamic debit card
Burj Bank, in association with MasterCard, a global payments and technology company, announced the launch of Pakistan''s first Islamic Master Card debit card that is designed to benefit customers who prefer better control over their expenditure.
Copyright Business Recorder, 2012
An official signing ceremony, which was attended by Ahmed Khizer Khan, President and CEO, Burj Bank, and Michael Miebach, President, Middle East and Africa for MasterCard World-wide, marked the introduction of this pioneering debit card program in Pakistan. The newly introduced Shari''ah compliant MasterCard debit card is a perfect blend of Islamic banking tenets and a host of rewards, benefits, and acceptance enjoyed by MasterCard cardholders world-wide.
With the Burj Bank Islamic MasterCard debit card, customers will have full access to cash and banking functions at ATMs in over 210 countries. Furthermore, the MasterCard debit card also provides the added convenience of seamlessly transacting at 33.9 million merchant locations globally, which is highly beneficial when travelling overseas. Card holders will also be able to make secure purchases online and over the telephone using their MasterCard debit card. Offering round the clock access to personal funds, the MasterCard debit card facilitates direct deduction of purchase amounts from the cardholders'' bank account when paying at any point-of-sale (POS) terminal with no additional interest charge.
"We are pleased to collaborate with MasterCard to offer our card holders the safety and convenience associated with this brand. In a short span of time, Burj Bank has become a symbol of prosperity, progress and success, and by working with partners who reflect these principles, we will be able to deliver world class banking services as we rapidly expand our customer base in the country. -PR