Fees on an Islamic bank card with a loan and discount
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. He says: Some banks called Islamic issue a card for the customer that includes a discount on purchases and gives the customer a loan of money, and they require paying a fee of 100 riyals on this card for a period of years. Is this permissible?
Answer:
No, no, it is not permissible. This is a loan that brings benefit. They take money for the card; the card is not worth a single piastre, and they take money—dirhams—for it. This is not acceptable. Yes.
Honorable Shaykh, may Allah grant you success. He says: Some banks called Islamic issue a card for the customer that includes a discount on purchases and gives the customer a loan of money, and they require paying a fee of 100 riyals on this card for a period of years. Is this permissible?
Answer:
No, no, it is not permissible. This is a loan that brings benefit. They take money for the card; the card is not worth a single piastre, and they take money—dirhams—for it. This is not acceptable. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 11 من 86 /شرح كتاب إغاثة اللهفان في مصائد الشيطان/لذة القلب/صالح الفوزان/العقيدة/كبار العلماء — youtube.com (1:14:01)
The Arabic text is a machine transcription of the audio recording.