What is the ruling on participating in a bank system that involves transferring one's salary to it and obtaining a visa (credit card) that allows purchasing goods up to a certain limit, after which the value of the goods is deducted from the transferred salary, with the possibility of purchasing even after the salary runs out for a maximum of 55 days before interest is calculated on the withdrawn amount, in exchange for 75 Egyptian pounds annually, and is this interest haram (forbidden)?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is forbidden to open an account in a usurious bank, as is transferring one's salary to it in exchange for services, because it is a loan that brings benefit (Qardh Jarra Naf'an). It is also forbidden to use a Visa card that includes impermissible شرعية elements. Furthermore, any condition for charging interest upon delay is forbidden. Accordingly, this transaction is prohibited, and one must not proceed with it.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/105263
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 105263
- 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