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The question

Is it permissible to use credit cards that grant a certain amount to be paid in monthly installments and fees, without interest or late penalties, where fees are only paid upon usage?

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

If the monthly fees for a credit card are in exchange for actual services provided to its holder, then there is no harm in them, and they are not considered Riba (usury/interest), according to the decision of the Islamic Fiqh Academy. However, if these fees exceed the actual service charges, then they are considered forbidden Riba (usurious) interest.

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
186725
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