What is the ruling on using a credit card for which the bank states that there is no penalty for delayed payment, while a fixed fee is incurred for cash withdrawals?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If the Shariah controls are met for the card, and the deducted amount is for the service and not for a loan, then there is no harm in it. However, if the bank takes interest on the calculated advance, then this is not permissible as it involves usury (riba).
Summarized from the full answer at Ftawy · imported
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- 40835
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