Direct answer: Carly (HalaCarly.com) has announced a partnership with Amwal Tech, a SAMA-licensed Payment Service Provider (license PSP013), to enable direct credit card installments on car purchases. The partnership lets any customer with a credit card from Al Rajhi Bank (TASAHEEL program) or Saudi National Bank SNB (EPP program) split their car payment over 3 to 24 months with lowest profit margin, 0 fees, and 100% Sharia compliance. Approval is instant in 12 seconds, and customers keep all credit card points, rewards, and miles. The service is now live on HalaCarly.com.

What’s Inside This Guide

1. Partnership summary in 30 seconds
2. Who is Amwal Tech?
3. Why does this partnership matter to you?
4. How does bank installment via Amwal work on Carly?
5. What sets this partnership apart from other financing options?
6. Available banks and installment programs
7. Is the installment Sharia-compliant?
8. When should you choose bank installments via Amwal?
9. Frequently Asked Questions (FAQ)

1. Partnership Summary in 30 Seconds

2. Who Is Amwal Tech?

Amwal Tech is a Saudi company founded in 2022, headquartered in Jeddah’s Al Khalidia district. The company has become the leading aggregator of credit card bank installment services in the Kingdom.

Key Statistics

• License: Licensed by Saudi Central Bank (SAMA) as Payment Service Provider, license PSP013
• Active Users: Over 1,000,000 customers
• Merchant Partners: Over 500 merchants
• Funding: Raised ~$6.57 million across funding rounds
• Investors: Wa’ed Ventures (Aramco), Shorooq Partners, TA Ventures, Outliers VC
• Awards: Winner of VISA Everywhere Innovation Regional Award

Top Amwal Merchant Partners

SACO, Abyat, IKEA, Almatar, Baytonia, Fitaihi, plus Carly recently joining the network.

3. Why Does This Partnership Matter to You?

Benefit 1: 0% Interest on Installments

Traditional bank financing costs 3-7% annual interest. The Carly + Amwal partnership eliminates this cost entirely. You pay the same advertised car price, split over the months you choose.

Practical example: SAR 80,000 car over 24 months:

• With traditional bank financing: ~SAR 3,650/month (with ~SAR 7,600 in interest added)
• With Carly + Amwal: SAR 3,333/month with lowest profit margin

Benefit 2: Keep Your Credit Card Points

Credit cards give you reward points, cashback, or air miles on every purchase. Buying on Carly via Amwal earns you these rewards on the full amount.

Example: Buying a SAR 100,000 car with a 1% cashback credit card = SAR 1,000 cashback returned to you.

Benefit 3: Instant Approval Without Paperwork

You don’t need to visit the bank, upload salary certificates, or submit GOSI documents. Your credit card already exists = instant approval in 12 seconds.

Benefit 4: Hybrid Payment Option

A unique feature: you can pay part of the car price with your credit card (to benefit from installments with lowest profit margin) + the rest via other methods:

• Card + cash
• Card + bank financing
• Card + Tamara (BNPL)
• Card + cash + financing (3 methods combined)

Contact Carly’s sales team to split the amount across multiple payment methods.

Benefit 5: 100% Sharia-Compliant

All installment programs (TASAHEEL + EPP) are approved by the banks’ Sharia boards. The system uses Tawarruq mechanism in Al Rajhi and Murabaha in SNB.

4. How Does Bank Installment via Amwal Work on Carly?

The process is simple, in 5 steps:

Step 1: Pick Your Car on Carly

Visit HalaCarly.com/buy, browse thousands of 150-point inspected cars, and pick the right one.

Step 2: At Checkout, Select “Bank Installment via Amwal”

On the payment page, you’ll find “Credit Card – Bank Installment via Amwal” among the available payment methods.

Step 3: Choose Your Bank and Installment Term

Select:

• Bank: Al Rajhi (TASAHEEL) or SNB (EPP)
• Installment term: 3, 6, 12, 18, or 24 months

You’ll see your monthly installment instantly before confirming.

Step 4: Pay with Your Credit Card (12 seconds)

Enter your card details. The bank reserves the full amount from your card limit and automatically converts it into monthly installments. Approval is instant.

Step 5: Receive Your Car in 24-72 Hours

Carly handles ownership transfer through Absher under your name and delivers the car to your door across all Saudi cities.

5. What Sets This Partnership Apart from Other Financing Options?

6. Available Banks and Installment Programs

Al Rajhi Bank – TASAHEEL Program

• Mechanism: Sharia-compliant Tawarruq
• Approval: Instant for credit card holders
• Track Installments: Al Rajhi app → Financing → TASAHEEL
• Installment Term: 3 to 24 months

Saudi National Bank (SNB) – EPP Program

• Mechanism: Sharia-compliant Murabaha
• EPP: Equal Payment Plan
• Track Installments: SNB AlAhli app → Credit Cards → EPP
• Installment Term: 3 to 24 months

Alinma Bank – Coming Soon

Alinma’s installment program will be added to the partnership soon, providing customers with more options.

Riyad Bank

An existing partnership operates within the Amwal system.

7. Is the Installment Sharia-Compliant?

Yes, 100%. The partnership is built on two approved Sharia mechanisms:

Tawarruq Mechanism (in Al Rajhi Bank)

The bank purchases a commodity (typically a metal like copper), sells it to the customer on deferred payment (the installments), and the customer then sells it to a third party to obtain liquidity. This mechanism is approved by Al Rajhi Bank’s Sharia Board.

Murabaha Mechanism (in SNB)

The bank purchases the commodity (the car in our case), sells it to the customer at a pre-agreed profit margin, paid in installments. This mechanism is approved by SNB’s Sharia Board.

Who Pays the Cost If There’s No Interest on the Customer?

The merchant (Carly in our case) pays a small service fee to Amwal and the bank. These fees are pre-agreed and are not Riba-based interest. They are a normal cost of acquiring more customers.

8. When Should You Choose Bank Installments via Amwal?

✅ Choose this method if:

• You have a credit card from Al Rajhi or SNB
• Your card limit covers the car price
• You want to benefit from your card’s points, cashback, or miles
• You want instant approval without paperwork
• You’re looking for a 100% Sharia-compliant option
• You want short-to-medium repayment (up to 24 months)
• You don’t want to transfer your salary to another bank

❌ Avoid this method if:

• You don’t have a credit card from Al Rajhi or SNB
• Your card limit is less than the car price (in this case, use Hybrid Payment)
• You want a very long repayment term (e.g., 60 months)
• The car is very luxurious (>SAR 500,000) and you want extended bank financing

9. Frequently Asked Questions (FAQ)

What is the Carly and Amwal partnership?

A partnership between Carly (HalaCarly.com) car platform and Amwal Tech (SAMA-licensed PSP013), allowing customers to split their car payment over up to 24 months on their credit card with lowest profit margin and full Sharia compliance.

How do I install a car payment with my credit card on Carly?

In 5 steps: pick the car on HalaCarly.com, choose “Bank Installment via Amwal” at checkout, select the bank (Al Rajhi or SNB), pick the installment term (3-24 months), then pay. Approval is instant in 12 seconds.

Which banks are available in the partnership?

Currently available: Al Rajhi Bank (TASAHEEL program), Saudi National Bank SNB (EPP program). Coming soon: Alinma Bank. Riyad Bank is also within the system.

Is credit card installment Sharia-compliant?

Yes, 100%. The system uses Tawarruq (in Al Rajhi) and Murabaha (in SNB), both approved by the banks’ Sharia boards and the Saudi Central Bank.

What installment terms are available?

From 3 months to 24 months (3, 6, 12, 18, or 24 months). Choose the term that fits your budget.

Are there interest charges on installments?

No, lowest profit margin. You pay the same advertised car price, split across the months. Carly absorbs the service fees with Amwal and the bank.

What’s the maximum amount I can install?

It depends on your credit card limit. If your card limit is SAR 100,000, you can install up to SAR 100,000. If the car is more expensive than your card limit, use Hybrid Payment (part card + part another method).

Do I need salary transfer or GOSI certificate?

No. An active credit card is enough. You don’t need to upload documents or certificates.

Do I keep my credit card points?

Yes, you keep all points, cashback, or miles on the full amount. This is a major advantage over traditional bank financing.

How long does approval take?

Just 12 seconds. Amwal is known for the world’s fastest checkout system.

Can I pay part with the card and part with another method?

Yes. Carly offers Hybrid Payment: pay part with card + part cash + part financing. Contact the sales team to split the amount.

How do I track my installments after purchase?

• Al Rajhi customers: Al Rajhi app → Financing → TASAHEEL
• SNB customers: SNB AlAhli app → Credit Cards → EPP

Does the 7-day return policy apply with bank installments?

The return policy applies to cash payments. For bank installments, contact Carly to learn the procedures in case of return, as it requires coordination with the bank to cancel the installment.

Are there any hidden fees?

No, 0 SAR in fees. The car’s advertised price includes 15% VAT (ZATCA), ownership transfer, and any additional services. There are no fees on the installment.

How does Carly benefit commercially?

Carly pays a small service fee to Amwal and the bank to provide this feature. The benefit: customers buy more (average basket size rises 45%) and conversion rate from visitor to buyer rises 18% according to Amwal’s numbers.

Information updated through May 2026. The partnership is live on HalaCarly.com and available to all Carly customers. For inquiries: contact Carly’s team via the app or website.

Carly and Amwal: Pay with your card, keep your points, get your car.

Click. Buy. Drive.

Start your bank installment on Carly →

© Carly (Sama Wahida Cars Showroom Co., CR# 1010750056). All rights reserved. Amwal Tech is licensed by Saudi Central Bank (SAMA) under PSP013.