What is the ruling of Islamic law on possessing a bank installment card through which the bank finances the client with five times his salary, and which is used as a purchase card without commissions, with the bank taking a percentage from the seller in exchange for providing the client?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The bank's imposition of fees on the merchant for using the card does not affect the permissibility of the transaction, nor does it prevent its utilization, provided that the merchant does not increase the price for those who purchase with the card, in accordance with the Islamic Fiqh Academy's resolution No. 108 (2/12).
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/180536
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- Ftawy
- Original fatwa ID
- 180536
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- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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- Read the full answer on Ftawy