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The question

Is the credit card (Visa) transaction considered usurious if the bank lends money and benefits from the merchant (third party) with a percentage of the purchases, and not directly from the borrower, based on the noble Hadith, "Every loan that draws a benefit is usury"?

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

Taking a percentage from shops that sell their goods via Visa is not a case of "a loan that draws a benefit," because the benefit to the bank comes from the shop as a fee for facilitating payment with Visa, and not from the borrowing customer. The Islamic Fiqh Academy has issued a resolution to this effect.

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
54701
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