The "Credit Card" Redefined
No Interest, No Late Fees
All The Perks
A New Era Of Financing, Where Your Financial Choices Align With Your Values
Ethical. Transparent. Empowering.
Khayr transcends traditional banking by combining ethical principles with state-of-the-art fintech. Discover features crafted to not only empower your financial decisions but also uphold your values, making every transaction meaningful.
0 Interest Financing with Murabaha
Experience the ease of a credit card without interest. Pay in full or choose an installment plan with a transparent, flat fixed markup.
Rewards
Earn cashback or points with every purchase, including options for travel, charitable donations, sustainability, and more, aligning your spending with your values.
Carbon Tracker
Track the environmental impact of your purchases with our carbon tracker, promoting greener choices directly linked to your spending habits.
Marketplace
Access exclusive discounts & a curated selection of minority owned, ethical and sustainable brands, making it easy to shop with your values in mind.
Debt-Free Financing
Murabaha's no-interest model or late fees prevents the accumulation of unmanageable debt, maintaining your financial peace of mind.
Predictable Costs
With fixed markups, the cost is clear from the start — no surprises, no hidden fees.
Ethical Transactions
Murabaha ensures fairness in trade, generating profit without exploiting financial need.
Mutual Prosperity
Murabaha's fair trade terms create value for everyone involved, promoting equitable financial growth.
Estimated Installment Plan Calculator
1 payment every 2 weeks
No Markup: Cash Price
$33.33
Total: $100
3 monthly payments
Markup: $5
$35.00
Total: $105
6 monthly payments
Markup: $5
$17.50
Total: $105
12 monthly payments
Markup: $10
$9.17
Total: $110
Even More Benefits
No Score Needed
Access credit without the traditional credit score requirements.
Budgeting Made Simple
Track your spending, establish spending limits, and get tailored notifications stay on top of your finances.
Unlimited Virtual Cards
Create as many virtual cards as you need for secure online transactions.
Fraud Detection
Stay protected with real-time alerts and advanced fraud detection technology.
How It Works
Set Trigger For Alerts
Review & Approve
Manage Payments
01
Sign Up
Receive a finance limit based on your income and spending habits, this limit will adjust over time
02
Use Your Card
You'll instantly receive a notification with a detailed breakdown of the cost with the option to pay cash or enroll in an installment plan with a fixed markup (this amount never changes)
03
Pay Later
Manage your installment plans on the app. You'll have a clear view of all your payments, remaining balance, and the option to convert purchases into installment plans
Frequently Asked Questions
What is Murabaha financing?
Murabaha is an ethical financing model where goods are sold at a markup agreed upon by both parties. Unlike traditional credit, there's no interest involved. Instead, Khayr purchases the item and sells it to you with a clear, fixed markup if you choose to pay in installments.
How is Khayr funded, and do you sell debt to other institutions?
Khayr is self-funded, ensuring our commitment to ethical finance is never compromised by external pressures. We operate with transparency and do not engage in selling loans to other financial institutions. This ensures a trust-based relationship with our users, rooted in shared values and integrity.
What happens if I make a late payment? Does it affect my credit score?
Making a late payment on your Khayr card can impact your credit score, similar to traditional credit cards. We encourage timely payments to help build your credit. However, we understand life happens. If you anticipate difficulty making a payment, reach out to us for assistance. Our aim is to support your financial health, not hinder it. We never charge late fees or hidden fees for rescheduling payments.
Can I sign up if I have no/limited credit history?
Yes, our inclusive assessment process ensures we provide access for everyone.
Can I use the Khayr card for all types of purchases?
Yes, the Khayr card functions like a normal credit card, allowing you to make purchases anywhere credit cards are accepted, online and in-store.
How does Khayr ensure its services are Shariah-compliant?
Khayr works closely with financial advisors and Islamic scholars to ensure all our products and services adhere strictly to Shariah principles. This collaboration guarantees our offerings remain ethical, transparent, and compliant with Islamic finance laws, providing peace of mind for everyone.
Reserve Your Card Today
Join Khayr: Where Finance Meets Ethics, Building a Future for All!
THE NEXT GENERATION OF ETHICAL BANKING
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