The Ruling on a Visa Card from an Islamic Bank
Machine translationRead the Arabic original
Question:
What is the ruling on a Visa card, given that it carries no financial interest and I am obtaining it from an Islamic bank with no financial fees?
Answer:
They take something from you for it as soon as they give it to you; they do not give it to you unless you pay them something. They say this is the price of the card and the cost of, I don’t know, its expenses. They take the interest under the name of the costs of giving you the Visa. This is a ruse and is not permissible. If they give it to you without interest, neither before nor after, then take it. But if they do not give it to you unless you pay, then no. Yes.
What is the ruling on a Visa card, given that it carries no financial interest and I am obtaining it from an Islamic bank with no financial fees?
Answer:
They take something from you for it as soon as they give it to you; they do not give it to you unless you pay them something. They say this is the price of the card and the cost of, I don’t know, its expenses. They take the interest under the name of the costs of giving you the Visa. This is a ruse and is not permissible. If they give it to you without interest, neither before nor after, then take it. But if they do not give it to you unless you pay, then no. Yes.
Source
لقاء مفتوح بالطائف 20-07-1435هـ — alfawzan.live (29:05)
The Arabic text is a machine transcription of the audio recording.