Charges on credit cards issued by Islamic banks : refund of a part of rental of using credit card when paying on time

السؤال

Bank charges 75 Dhs monthly as rental for the card. If I settle the due amount in full on time the bank will refund 60 Dhs. So the actual monthly rental on card is 15 Dhs. For me this sounds a bit unusual because this is more like a late payment charge where bank is taking in advance in case the amount is not settled in full. Is it allowed in Islam for any financial institution to charge any late payment fee (on Credit card transactions) ? Jazakallah

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2007-02-17

التخصصات الرئيسية

العلوم الاقتصادية والمالية وإدارة الأعمال
الدراسات الإسلامية

عدد الصفحات

2

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-784667

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• AMA