Is it permissible to sign a forbidden condition with an Islamic bank, or to deposit money in an interest-based bank—which would be considered aiding it in sin—in order to obtain an electronic payment card?
It is not permissible to enter into a visa agreement that includes an interest-based condition, such as a late payment penalty, even if the person intends to pay on time. This is because the interest-based condition is impermissible and one might be forced to incur it. An unsecured credit card that stipulates an interest-based increase is not permissible to issue or use.
As for a secured or prepaid credit card from an interest-based bank, there is no harm in using it when there is no Islamic alternative free from impermissible elements, because the harm of aiding an interest-based bank in this case is less than entering into an interest-based contract. It is permissible to open an account in an interest-based bank for deposit when needed, if an Islamic bank that provides a credit card free from impermissible elements is not available.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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Where this answer came from
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- Ftawy
- Original fatwa ID
- 16667
- 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.
- Read the full ruling
- Read the full answer on Ftawy