Is the National Bank of Egypt's credit card permissible or impermissible, especially with its interest-free installment offers, given that interest is only applied if the 55-day period is exceeded, and does linking the card to an automatic payment account negate the suspicion of usury?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to issue cards that stipulate an increase in case of late payment, even if one is almost certain they will not be late, because they involve an acknowledgment of the forbidden usurious condition.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/164060
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 164060
- 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