Prepaid = Interest-Free = Halal
KOHO + MANZIL
Halal prepaid Visa cards with cashback rewards that you can use anywhere in the world including the world wide web.
*The card illustration on the right is a concept card.
Get My Halal Card
SAVE, SPEND, & BUDGET
You get a free chequing account that makes it easy to feel good about saving and spending. Your KOHO app and prepaid Visa card work together to make day-to-day banking smart and stress-free.
- Instant notifications every time you spend. You also get spending insights to track your spending
- Your money is safe. You can lock the card anytime from the app
- A separate virtual card for secure online shopping
- Instantly add your card to any of the major digital wallets (Apple, Google or Samsung Pay)
- Reach your goals faster with automated savings
- Save and earn cashback on all purchases and receive an extra 1% cash back for 90 days when you sign up
- Earn up to an extra 5% cash back at select merchants
- No fees (for base product) or interest
- Get access to a portion of your paycheque early and fee-free
- Round up your spare change and stash it for a rainy days
- Instant notifications every time you spend. You also get spending insights to track your spending
- Your money is safe. You can lock the card anytime from the app
- A separate virtual card for secure online shopping
- Instantly add your card to any of the major digital wallets (Apple, Google or Samsung Pay)
- Reach your goals faster with automated savings
- Save and earn cash back on all purchases and receive an extra 1% cash back for 90 days when you sign up
- Earn up to an extra 5% cash back at select merchants
- No fees (for base product) or interest
- Get access to a portion of your paycheque early and fee-free
- Round up your spare change and stash it for rainy days
What Makes this Prepaid Card Halal?
There are additional features and restrictions that we have baked into this card to ensure it meets the standards of AAOIFI
No Interest %
You will never have to worry about owing anyone any money from this card. You load your account with your own funds anytime you like, and cannot go into debt.
Halal Cash Back
The cash back provided happens post transaction and is a benefit for using the card. Islamicly this benefit is considered a gift and is permissible.
Merchant Restrictions
Currently, you cannot use the card for online gambling websites and we are working towards additional merchant restrictions such as Cannabis shops (i.e OCS), Alcohol (i.e LCBO), and Casinos.
Steps to Get Your Halal Prepaid Credit Card Through KOHO
1
Enter Your Email Address & Complete the Signup Process
On the Manzil x KOHO landing page you will be prompted to enter your email address and begin the signup process. See it through to the end. It only takes a minute. No hard credit check is done. Applying will not impact your credit score.
2
Start Using Your Virtual VISA Card Immediately Using Your Apple or Google Wallet
You don't have to wait for your card in the mail to start using it. Just download the KOHO App after you signup and you'll see a ready to use virtual card that you can add to your digital wallet and start using it immediately.
3
Receive Your KOHO Card in the Mail & Activate It
You will receive your physical card in the mail within 10 business days. Activate it with a quick call and begin using your card anywhere VISA cards are accepted. Initially, this will be a KOHO branded card where you get to choose your preferred design when you sign up.
4
Get Your Very Own Custom Branded Virtual Card
Once Manzil reaches 1,000 active users, Manzil and KOHO will work towards offering a custom virtual Manzil branded card with added Halal features. Physical cards will come at a later date, insha'a Allah.
*This card illustration is a concept card and would not necessarily reflect the card you will receive.
Halal Cards FAQs
Please take the time to go through our frequently asked questions below.