Banking and Accounts
111 questions
What is the ruling on the Samba Al-Khair Al-Fursan MasterCard when paying amounts in advance exceeding the credit limit and using it for purchases to benefit from accumulated miles, along with paying an annual fee?
What is the ruling on using Al-Rajhi Bank's silver credit card and Al-Rajhi Bank's "Qist" card for travel?
What is the ruling on taking a loan from the Saudi Credit and Saving Bank to open a commercial shop?
Which of the two bank accounts (current or savings) is more suitable for depositing rent, or should both be avoided due to dealing with a usurious bank?
Is using a Visa card with these conditions, without benefiting from interest or delaying payment, considered forbidden (haram)?
Is it permissible to deposit a company's dormant funds into an Islamic bank, such as Al Baraka Bank, in an account with a variable return, knowing that the company deals with interest-based banks through current accounts that do not accept interest? And can the variable return be used to pay taxes and customs duties, or for all purposes?
Is it permissible to send money to one’s home country via a businessman, with an increase of two riyals over the bank’s commission, in order to avoid dealing with usurious banks?
What is the ruling on obtaining secured credit cards that require a bank account, do not allow overdrafts, and involve paying an annual fee?
What is the ruling on using the "Spice" credit card issued by Abu Dhabi Islamic Bank?
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?
What is the ruling on using a credit card that is charged from the user's balance and used for online purchases and hotel bookings, when it is issued by the same company that issues interest-based (riba-based) cards (Mastercard)?
What is the ruling on using the home purchase plan service from Masraf Al Rayan, whereby the bank purchases the entire property, then sells a portion of it to the client and leases the remaining portion to him at a rent based on a standard percentage, which makes it similar to a mortgage, while the client wishes to avoid any suspicion of usury (riba)?
What is the ruling on using the Samba Visa card and its annual subscription, knowing that the bank charges annual fees and interest upon delay in paying the amounts withdrawn in cash or for purchases?
What is the ruling on using a prepaid MasterCard with a fee of 200 riyals every two years, given the opinions that state it is impermissible if the fees exceed 35 riyals?
What is the ruling on credit cards (Visa cards) issued by Islamic banks, where no interest is charged for late payment, but only a fixed annual fee for the service?