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The question

Is it permissible to use a credit card that charges fixed fees for each withdrawal and quarterly fees, along with promises of monetary amounts as "gifts" for those who are committed to repayment?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

It is not permissible to use this card, as it is based on usury, which is a loan that brings benefit to the lender. The company takes an excess amount on the borrowed sum, and any excess taken by the company above the actual cost is considered usury. This is a deception regarding usury and a misnaming of things, and one must beware of it and not enter into this transaction. Dr. Muhammad Al-Osaimi emphasized that fees on cards that provide lending must be according to the actual cost, and it is not permissible to profit from them, otherwise the loan would be usurious.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
17323
Added here
. 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