Issuance and use of credit cards : credit card : allowed in Islam ?
Fatawa Question
Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh, I have two questions to ask. Q 1). Is the usage of credit card is allowed in Islam ? Even if we pay our bill on time, some merchant charge 1-2 % extra on our bill. Is this a interest ? Q 2). If the late payment on credit card is not allowed then in economic term no one will pay on time and the banks will suffer losses. In the same way my college also fine's on coming late. Is this also wrong ? Fi Ammanullah. Jazakum Allahu Khairan for your constant help
Fatwa
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Publication Date
2006-05-22
Main Subjects
Economics & Business Administration
Islamic Studies
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-787545
American Psychological Association (APA)
Qahf, Mundhir. 2006-05-22. Issuance and use of credit cards : credit card : allowed in Islam ?. .
https://search.emarefa.net/detail/BIM-787545
Modern Language Association (MLA)
Qahf, Mundhir. Issuance and use of credit cards : credit card : allowed in Islam ?. 2006-05-22.
https://search.emarefa.net/detail/BIM-787545
American Medical Association (AMA)
Qahf, Mundhir. 2006-05-22. Issuance and use of credit cards : credit card : allowed in Islam ?.
https://search.emarefa.net/detail/BIM-787545
