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Sharia compliant visa card introduced


 Ceylinco Group Chairman, Lalith Kotelewela and CEO, CPSICI Dr. Z.M. Rafeek, at the launch. Picture by Saliya Rupasinghe

Ceylinco Profit Sharing Investment Corporation Ltd (CPSICL) one of Sri Lanka’s leading Islamic Financial Institutions launched the region’s first stand - alone, Sharia compliant VISA credit Card, Ceylinco Profit Sharing Visa Credit Card, at Colombo Hilton on Friday.

“Islamic Banking is the fastest growing segment of the world’s banking industry and Ceylinco Profit Sharing recognises and respects the desire of a growing number of its valued customers to conduct their banking and financial transactions in accordance with the Islamic Sharia.

The Ceylinco Profit Sharing Visa card is packed with value and benefits is the best way to pay,” Executive Director/ Chief Executive Officer CPSICI Dr. Z.M. Rafeek, said.

“Visa’s focus on providing flexibility and convenience to our customers and our understanding of what customers need help us to develop tailored payments solutionis which in addition to the regular features, functionality and world-wide acceptance also offer added - value and incentives which appeal to and benefit cardholder,” he added.

The card features include free from Riba or Interest, no joining free, a maximum credit period of upto 51 days, supplementary cards for loved ones, takaful income plan at nominal fee, global acceptance at over 28 million establishments in 210 countries and cash advances from over 800,000 ATMs around the world.

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