What is the ruling on a financial transaction that takes place between four parties (a broker company, service companies, a buyer, and a bank), where the bank issues credit cards to buyers for them to pay the value of services at a cash price to the companies, while the buyers pay the bank in installments, and the bank pays commissions to the companies and the broker?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The aforementioned transaction is impermissible, as it is a pure usurious loan. The bank lends the patient 9,500 to be repaid by the patient as 10,0 in installments. This is a ruse to borrow with usury, and mediation in it is not allowed.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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- Ftawy
- Original fatwa ID
- 175628
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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.
- Read the full ruling
- Read the full answer on Ftawy