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The question

What is the ruling on using the "Al-Tayseer" card issued by the Palestinian Islamic Bank, which imposes a fixed monthly service fee, regardless of whether the customer uses the card for purchases or cash withdrawals?

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

It is permissible for the bank to charge a fixed service fee for the customer's use of the credit card and the benefits and services it includes, as long as these fees are commensurate with the actual cost of the services provided, and the bank does not profit from them. The International Islamic Fiqh Academy has stipulated the permissibility of charging a lump sum fee upon issuance or renewal, considering it an actual fee commensurate with the services provided. Any increase beyond the actual services is prohibited because it constitutes usury (riba).

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
154096
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