Is withdrawing money from a Mastercard and repaying it to the bank in installments with interest – which is called Tawarruq interest – permissible or forbidden?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
The aforementioned transaction is not permissible, even if the institution issues the card and authorizes itself on behalf of the customer to conduct a Tawarruq operation to repay his debt when it becomes due.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/109627
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- Ftawy
- Original fatwa ID
- 109627
- Imported
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