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Use of credit cards : getting a loan from credit cards that give grace period
Fatawa Question
Aslamoalaeekum, I live in London and I am writing to humbly request your help on this issue. I hope you will know better on what Islam says on this one. I urgently need some money and I cannot find anyone to lend me money. I have some credit cards that give me some interest free period for shopping. I have a friend who has offered to help me in a way. He has a credit card machine in his shop and he is ready to swipe my card as if I am shopping in his shop. And then he will give me the cash back. The problem is that he is charged 2.5 % on all card transactions and he expects me to reimburse that amount to him. I am not sure if I will be acting within the limits of Islam if I reimburse him that amount. Please advise me on this issue if you can. Thanks a lot in advance and may God bless you. Allah Hafiz
Fatwa
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Publication Date
2009-07-28
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-728385
American Psychological Association (APA)
Qahf, Mundhir. 2009-07-28. Use of credit cards : getting a loan from credit cards that give grace period. .
https://search.emarefa.net/detail/BIM-728385
Modern Language Association (MLA)
Qahf, Mundhir. Use of credit cards : getting a loan from credit cards that give grace period. 2009-07-28.
https://search.emarefa.net/detail/BIM-728385
American Medical Association (AMA)
Qahf, Mundhir. 2009-07-28. Use of credit cards : getting a loan from credit cards that give grace period.
https://search.emarefa.net/detail/BIM-728385