Credit card reward points (or cash back) : are reward points permissible to enjoy ?
Fatawa Question
Assalamu Alaikum Sheikh. Firstly, I am using credit cards for my transactions and paying off on time without any interest. I am also planning to move towards using debit card instead of credit card as some people say it is desirable. Please, suggest. Secondly, while using credit cards I have accrued a good amount of reward points, which the credit card company allows me to en-cash. Is it halal to use this, because in my understanding banks profit from interest based business and they are giving me a gift from the money earned through that. Please, clarify if it is Halal / Haram accepting it. Jazak Allah khayr, Hasan
Fatwa
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Main Subjects
Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-728412
American Psychological Association (APA)
Qahf, Mundhir. Credit card reward points (or cash back) : are reward points permissible to enjoy ?. .
https://search.emarefa.net/detail/BIM-728412
Modern Language Association (MLA)
Qahf, Mundhir. Credit card reward points (or cash back) : are reward points permissible to enjoy ?.
https://search.emarefa.net/detail/BIM-728412
American Medical Association (AMA)
Qahf, Mundhir. Credit card reward points (or cash back) : are reward points permissible to enjoy ?.
https://search.emarefa.net/detail/BIM-728412
