Islamic banks may issue credit cards

Fatawa Question

In what sense credit cards are Halal, while you take money as a credit from a Riba based bank, even though you pay them in full (so called grace period), while Islam forbade involvement of a third person in a transaction, because every time you make a transaction, there is a third party getting paid, because of that transaction, and that is Haram, we still see some Shaikhs say it's Halal, can you define that in the light of Qur’an and Sunnah ? ? ?

Fatwa

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Publication Date

2002-05-28

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

• Islamic jurisprudence
• Credit cards
• Islamic Banks

Data Type

Fatawa

Language

English

Record ID

BIM-724722

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• MLA
• AMA