Credit Card IEPP

With our “meem As’hal” program you can move your purchases to Installments starting from 0% and up to a period of 24 months

How can I convert my purchases to meem As-hal Program?

You can convert your purchases using meem credit card into equal monthly installments by requesting via sent SMS within 48 hours of the purchase.

What is the minimum purchase amount to be eligible for meem As-hal Program?

1,500 SAR or its equivalent in other currencies.

Are there any fees for converting transactions to meem As-hal Program?

20 SAR/Purchase

Can online transactions be converted to meem As-hal Program?

Yes, as long as the purchase amount is equivalent to SAR 1,500 or more.

Can Non-SAR transactions be converted to meem As-hal Program?

Yes, as long as the purchase amount is equivalent to SAR 1,500 or more.

How many transactions are allowed to be converted to meem As-hal Program?

There is no limit on the number of transactions, as long as it is within the credit limit provided.

What are the time periods available for meem As-hal Program?

Available program tenures are 3, 6, 9,12,18 and 24 months and cannot be changed after submitting the application.

The table below illustrates how meem As’hal works with the monthly profit rates for each plan for a purchase of SAR 1,500:

Tenure 3 months 6 months 9 months 12 months 18 months 24 months
Profit Rate (per month) 0% 0.25% 0.50% 0.75% 1.50% 1.75%
Monthly Installment 500 257.08 176.39 137.92 106.94 89.58

Can I cancel a conversion to meem As-hal Program after submitting a request?


How can I convert a transaction if I did not receive the SMS?

You can reach out to meem Contact Centre within 48 hours from the time of the purchase.

What will happen if I did not pay the monthly installment?

meem As’hal Plan’s remaining amounts (including not paid or partially paid) installment would be converted to a normal purchase (including profit and fees) in the next billing cycle.

Before you apply for “meem as-hal” Program on your credit card, please review these Terms and The Terms & Conditions you have agreed upon when issuing your credit card and General Terms & Conditions when you became a customer of the Bank (The “General Terms”) as well as any additional Terms and Conditions that we issue from time to time, which together constitute our agreement with you (the “Agreement”). Your acceptance and use of this service constitutes your acceptance of these Terms

Definitions and Interpretations:

“Qualified Purchase” means a purchase by the Cardholder or the Supplementary Cardholder of any commodity or service from any commercial outlet in KSA or worldwide (excluding cash withdrawals), for SAR 1,500 or more (or the equivalent in other currencies), using the meem Credit Card issued by Gulf International Bank.

“The Principal Amount of the meem As-hal Plan” is the amount of the Qualified Purchase which the Cardholder agrees to transfer to an installment plan by following the instructions sent via SMS within a maximum of 48 hours of receiving the SMS

“Installment Period”means the number of calendar months. The applicable periods are 3, 6, 9,12,18 or 24 months.

“Outstanding Installment” The Principal Amount of the meem As-hal Plan, plus (if necessary) the delay fees and the profit amounts relating to unpaid installment(s)

“Monthly Installment” The principal amount of the meem as-hal plan plus profit (when applicable), divided by the installment period.

“Statement Date” The date of the card statement issuance.

      1. This service is available for purchases from Points of Sale – inside and outside the borders of The Kingdom of Saudi Arabia – and electronic websites in SAR and other currencies.
      2. If the customer wants to benefit from meem As-hal Program, this has to be done through the SMS sent to the customer’s telephone number within 48 hours of receiving the SMS from Gulf International Bank.
      3. There is a fee of SAR 20 per converted transaction to be charged once upon conversion in addition to the profit margins:
    Tenure Profit margin per month
    3 0%
    6 0.25%
    9 0.50%
    12 0.75%
    18 1.50%
    24 1.75%
    1. When the tenure of the installments is confirmed, this tenure cannot be changed after the application has been submitted.
    2. In case a conversion confirmation SMS is not received within 24 hours from the time of the transaction conversion request, the customer shall notify the Customer Services Department within five days from the date of the transaction. Failure to do so will result in a conversion request being deemed null and void.
    3. Transaction conversion request to meem As-hal Program cannot be cancelled once the application has been submitted.
    4. SADAD Bill Payments, as well as purchases done through SADAD accounts are excluded from the program.
    5. If the cardholder wishes to close the credit card account before the end of any installment period, the unpaid installments will be considered due immediately and will be added to the outstanding amounts on the card. We may charge early payment fees as we deem appropriate, which will be payable immediately.
    6. The Bank is entitled – at any time- to amend and/or terminate The Terms & Conditions of meem As-hal Program. So that it is effective thirty (7) days from the date of issuing the notice to the Cardholder.
    7. The Bank shall not be responsible for the refusal of any commercial entity to accept the Card and shall not be liable in any way for any complaints or disputes relating to the goods and services provided to the Cardholder. The Cardholder alone shall be responsible for resolving such disputes with the other parties.
    8. if the customer fails to pay a due installment (fully or partially) within current billing cycle, meem As’hal Plan will be broken and Plan’s remaining amounts (including not paid or partially paid installment) will be converted to a normal purchase (including profit and fees) in next billing cycle.
    9. For transactions in currencies other than SAR, exchange rate used will be the Bank’s rate at the time of the transaction.