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The question

What is the ruling on a participatory bank deducting 150 Moroccan dirhams annually for the use of a Mastercard for withdrawing funds, knowing that this amount was waived in the first year?

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

First: Covered credit cards from which the customer withdraws from their current account are classified as a loan from the customer to the bank, and depositing into a current account is a loan from the customer to the bank. Accordingly, it is not permissible for the bank to offer gifts to the customers of this account, except in two cases: if giving gifts was customary between the two parties before the loan, or if the lender deducts the gift from the loan.

Second: The bank's exemption of the customer from annual fees means providing card services free of charge. If this exemption is a condition in the current account deposit contract, then it is not permissible, because it is considered a loan that brings a benefit. If it is not a condition, it is permissible if it is customary for the bank to donate this service to all customers. However, if it is exclusively granted to certain lending customers, then it is not permissible.

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
16733
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