SalafiTalk.Net
SalafiTalk.Net » Affairs of Fiqh
» Credit cards
Search ===>




Part 1Part 2Part 3Part 4Part 5Part 6Part 7Part 8Part 9 • Part 10 • Part 11 • Part 12


   Reply to this Discussion Start new discussion << previous || next >> 
Posted By Topic: Credit cards

book mark this topic Printer-friendly Version  send this discussion to a friend  new posts last

zejd.peqin
01-15-2011 @ 1:36 PM    Notify Admin about this post
Zayd Abu Ubayd (Peqin,Albania)
Member
Posts: 795
Joined: Oct 2008
          
Question: There are banks which provide their customers with a card called "Visa". This (card) then permits them (customers) to withdraw cash from the bank, even if they do not have sufficient funds in their account at the time. After a (specified) period of time, the customer is then required to pay back the money which he withdrew, and if he fails to do so before this period of time expires, the bank will then charge an extra fee in addition to the original amount withdrawn. This is in addition to the customer paying a (fixed) yearly fee to the bank for the use of this card. I request you to explain the ruling regarding the use of this card, and are there any specific conditions which need to exist if the use of the card was not permissible? (And) may Allaah reward you with good?

Response: This transaction is impermissible (haraam); this is because it consists of adhering (agreeing) to pay interest if the repayment is not done within the specified time (period), and this adherence (agreement) is not permissible. Even if a person believed or felt assured that he would make the repayment before the expiry of the time period, it is possible that circumstances could change rendering him unable to make the repayment within the specified time period. And since this is a matter of the future, a person (obviously) does not know what will happen in the future, so this transaction in this case is impermissible.

Shaykh Ibn 'Uthaymeen
Silsilah Kitaab ad-Da'wah (12), al-Fataawa - Volume 3, Page 120-121






SalafiPublications.Com
TawhidFirst | Aqidah | AboveTheThrone | Asharis
Madkhalis | Takfiris | Maturidis | Dajjaal
Islam Against Extremism | Manhaj
Ibn Taymiyyah | Bidah
Arabic Verbs try this website


main page | contact us
Copyright 2001 - SalafiTalk.Net
Madinah Dates Gold Silver Investments