Fatwa #4279023 August 2019United Arab Emirates

Are Islamic credit cards halaal?

Answered by Nadeem MoulanaChecked by Mufti Ebrahim Desai

Question

Is this Permissiable to get cash on islamic credit card with profit rate and paid in 12 months

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

For us to advise you, please explain the procedures of the Islamic credit card. What makes the Islamic credit card different from a conventional credit card? You may reply to admin@daruliftaa.net (Reference – Nadeem)

And Allah Ta’āla Knows Best

Nadeem Moulana

Student Darul Iftaa
Elizabethtown, Kentucky USA

Checked and Approved by,
Mufti Ebrahim Desai.

#14564If the customer pays cash for the item, he pays R100. If he takes it on terms, He will pay R10 a month for 12 months=R120 in total
#35776Service fee for Credit Card transactions
#13848We use credit cards for our purchases and try to pay them off monthly, so that no interest is charged. Some credit cards have a cashback system
#111452. friend offer me a motorbike of 12 million in cash, but he give me a choice to pay in credit for either 2,3,4 or 5 years.. Is this scheme OK?
#41085Converting total bill of shopping into monthly instalments of credit card
#42876Are cash backs and rewards received through Credit card and E wallet permissible?
#18842My bank gives Reward/Loyalty points every time I use my credit card. I can redeem these points for a wide range of products. I can also redeem these points against my credit card outstanding amount. I have the following question regarding these points.
#11000IS THIS TRUE? My friend says that you cannot purchace food on a credit card, whether it is at the grocery store or at a resturant, even if you intend to pay off the balance at the end of the month

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