 In this module, we shall look at the actual use of an Islamic credit card and its implications for payment by the card holder, especially the card fee and of course the payment of the monthly payment balance. Now, we start with an example of a credit limit of 100,000 dirhams and the card fee is actually 6000 dirhams. For the sake of simplicity, we would like to assume this figure which gives us a monthly card fee of 500 dirhams, which is quite a realistic figure to assume for a card fee in the market of the United Arab Emirates. Now, this is a familiar picture for you. We have referred to it previously. There is a card holder, there is a card provider and using the credit card, the card holder makes numerous transactions at various places and we saw that all this record comes to the card holder at the end of the month or at the start of the new month in the form of a statement. Now, if we assume that this card holder actually makes only three transactions in this month, transaction number one was made at store one for 1500 dirhams. The card holder bought something, take clothes, okay. Another transaction was made at store two. The card holder maybe bought some groceries and 45 dirhams were spent on a kiosk. Maybe the person wanted to have a quick coffee or any cold drink and so the total statement balance would be 8,000, 1,890 dirhams. Now, if the customer, the credit card holder pays this amount by the payment date, he would be a transactor so he will not have to pay any interest on this amount of 1,800 something. However, if the card holder is a revolver, i.e., he does not pay the full monthly statement balance but rather prefers to pay only a part of it. If that happens then the customer would have to pay a card fee for the month which would be 500 dirhams. Let us assume that the card holder actually pays only 200 dirhams out of the monthly statement balance. In that case, the next monthly statement will include the following. Of course, new transactions, the customer, the card holder would be making during that period plus the balance carried forward from the previous month which would be the previous month's monthly statement balance minus 200 dirhams which the card holder paid. This would be 1,690 plus the monthly fee of 500 dirhams. That would be on the monthly statement for this card holder following the saga of him becoming a revolver. This figure, in this example, this might sound very exorbitant. In this example, actually we are facing 29.58% per month return which is a lot of money. But this is an exaggerated kind of hypothetical example. In reality, this figure, the return figure could be quite reasonable and actually in some cases it could be quite favorable for the card holder. Remember, we are referring to an Islamic credit card, not a conventional credit card in this example. Now, let us use an example where the use of the credit card by the revolver could be actually quite favorable. If the monthly statement balance was 90,000 dirhams, remember this customer had a credit limit of 100,000 dirhams, so 90,000 is still within that limit. Now, if the card holder decided to pay only 1,000 out of it using a hypothetical figure, normally the card providers, they ask you to pay 5%, the minimum payment is about 5% of the balance. But in this example, we are using just a figure. The conclusions would be valid even if you put 5,000 dirhams over here. Now in that case, the next monthly balance would include new transactions, 89,000 balance carried forward from the previous month and the monthly fee of 500 dirhams. This would amount to only 0.56% per month or roughly about 6.74% return on an annual basis. This actually looks quite reasonable and if this whole thing is studied for one year for this customer, we might find that this customer is benefiting a lot from its or his or her holding of an Islamic credit card. In many cases, Islamic credit cards are actually a lot more beneficial in terms of economic benefits for their card holders.