Credit card showing direction of Mecca issued in Turkey

ISTANBUL

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Türkiye Finans, an Islamic participation bank, has launched a new credit card that shows the direction of Mecca with a built-in digital compass. The bank's representatives say the new card is a first in the country.

“We keep making breakthrough banking innovations. Our new card offers many advantages to its users. We invite all those who are planning a Hajj or Umra visit to use our card,” said Semih Alşar, Finance Bank’s deputy general manager responsible for personal banking, via a written statement issued on Dec. 12.

Holders of the card will have the chances to shop in installments from several travel agencies to take advantage of special Hajj and Umra pilgrimage packages.

Türkiye Finans was founded in 2005 following the merger of Family Finans, owned by the Ülker Group, a worldwide giant in biscuit, chocolate and candies, and Anadolu Finans, owned by the Boydak Group, a leading group in the furniture, home textiles and cable sectors. Some 60 percent of the bank was later acquired in 2008 by the National Commercial Bank (NCB), the largest bank in Saudi Arabia.