What is the ruling on using a credit Visa card from a usurious bank if payment is made before interest is calculated, and is it permissible to open a current account in a usurious bank when an Islamic alternative exists, and what is the difference between a usurious and an Islamic bank if the client neither benefits from nor pays interest?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The addressed several issues related to dealing with usurious banks, including the use of their issued Visa cards, the ruling on opening a current account with them, and the distinction between a usurious and an Islamic bank. It also touched upon the issue of justifying dealing with a usurious bank due to the complexity of transactions in an Islamic bank.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/61724
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 61724
- 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