The Ruling on Using a Visa Card with Overdraft
Machine translationRead the Arabic original
Question:
Honorable Shaykh, what is the ruling on using the Visa card that has become widespread these days? Its description is that a person transfers his salary to the bank, obtains this card, and is able to spend more than his balance through it, even if it is empty. In that case, he has the right to spend fifteen thousand riyals, and the bank takes from him the value of each transaction, which is nine riyals, whether the amount spent is a thousand or one riyal. What is your opinion on this?
Answer:
This is a loan, exceeding his balance, exceeding his balance, this is a loan. If they take an increase from him, this is [the case]. But if they only return the amount and do not take anything from it, then... Yes.
The presenter:
May Allah reward you
Honorable Shaykh, what is the ruling on using the Visa card that has become widespread these days? Its description is that a person transfers his salary to the bank, obtains this card, and is able to spend more than his balance through it, even if it is empty. In that case, he has the right to spend fifteen thousand riyals, and the bank takes from him the value of each transaction, which is nine riyals, whether the amount spent is a thousand or one riyal. What is your opinion on this?
Answer:
This is a loan, exceeding his balance, exceeding his balance, this is a loan. If they take an increase from him, this is [the case]. But if they only return the amount and do not take anything from it, then... Yes.
The presenter:
May Allah reward you
Source
قناة «العلامة الدكتور صالح الفوزان»، 39 من 64 / شرح القصيدة النونية / وكذاك إن قلنا يرى سبحانه / صالح الفوزان / العقيدة / كبار العلماء — youtube.com (5:22)
The Arabic text is a machine transcription of the audio recording.