Signing credit cards’ contract and using it : using a credit and debit card with avoidance of generating any interest

Fatawa Question

Assalamu Alaikum dear brother, I have and use a check card, which is a debit card, and most of my transactions are done through it. However, wanting to avoid Riba (usury) there is a small none fixed fee, interest, that they charge every month. What’s your feedback on my situation and also on using a credit card and paying on time to avoid large interest ? Jazakum Allah Khair, Majid

Fatwa

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Publication Date

2002-02-17

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-723804

American Psychological Association (APA)

Qahf, Mundhir. 2002-02-17. Signing credit cards’ contract and using it : using a credit and debit card with avoidance of generating any interest. .
https://search.emarefa.net/detail/BIM-723804

Modern Language Association (MLA)

Qahf, Mundhir. Signing credit cards’ contract and using it : using a credit and debit card with avoidance of generating any interest. 2002-02-17.
https://search.emarefa.net/detail/BIM-723804

American Medical Association (AMA)

Qahf, Mundhir. 2002-02-17. Signing credit cards’ contract and using it : using a credit and debit card with avoidance of generating any interest.
https://search.emarefa.net/detail/BIM-723804