News 2011

Sept 2011

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The first Co Branded credit card in the retail grocery field

Samba and Panda launch the Islamic Samba-Panda Credit Card

Samba Financial Group, in collaboration with Panda, has launched the Samba-Panda Islamic Credit Card, the first co-branded credit card in the retail grocery field. The card provides Samba & Panda clients with a variety of exclusive benefits when they purchase from any Panda or Hyper Panda markets anywhere in the Kingdom or use the card anywhere in the world.

Launching the Samba-Panda Islamic credit card highlights the pioneering role of Samba Financial Group in providing Shariah-compliant services to its clients. The card provides its users with points for each purchase transaction; furthermore, the value of points reaches 2% of the total purchase value of the transaction if it takes place in Panda or Hyper Panda stores, which can be found extensively throughout the Kingdom. If the card is used in any other outlet, the value of points will be 1% of the purchase value of the invoices. The client may redeem points for purchase vouchers which can be used in Panda Markets or Hyper Panda.

In addition, the card provides free shopping vouchers redeemable at Panda and Hyper Panda to the customer each year. This is yet another pioneering advantage of the card.

In addition, the card provides free shopping vouchers redeemable at Panda and Hyper Panda to the customer each year. This is yet another pioneering advantage of the card.

The Samba-Panda Islamic credit card is an example of one more of the innovative credit card benefits which Samba has launched in order to promote the numerous benefits assigned to the users of Shariah-compliant credit cards. The Group has already launched a wide suite of Shariah- Complaint Cards: Samba Al Fursan credit card, in collaboration with Saudi Arabian Airlines, Samba Samba Mobily Al-Khair Credit Card, in cooperation with Mobily, Samba Ladies Card, Samba Business Card for Small Businesses, and a Generic Samba Al-Khair Islamic card, as well as other products.