The Ruling on Visa Credit Cards
Machine translationRead the Arabic original
Question:
This questioner asks: What is the ruling on American Express Visa cards? They are issued by the bank, and one buys with them. One can buy anything with them, and then the cardholder pays the bank the value of what he bought with them after a month. If he delays payment beyond a month, he pays an additional two percent. Is it permissible to deal with them?
Answer:
It is not permissible to deal with them; because it is agreed upon that it involves riba (usury or interest). If he delays, he pays the increase. This is the riba of the pre-Islamic age of ignorance (jahiliyyah). If he delays, he pays the increase.
The presenter:
May Allah reward you,
This questioner asks: What is the ruling on American Express Visa cards? They are issued by the bank, and one buys with them. One can buy anything with them, and then the cardholder pays the bank the value of what he bought with them after a month. If he delays payment beyond a month, he pays an additional two percent. Is it permissible to deal with them?
Answer:
It is not permissible to deal with them; because it is agreed upon that it involves riba (usury or interest). If he delays, he pays the increase. This is the riba of the pre-Islamic age of ignorance (jahiliyyah). If he delays, he pays the increase.
The presenter:
May Allah reward you,
Source
فتاوى الحج 1410 هـ - 13 (2) — archive.org (18:05)
The Arabic text is a machine transcription of the audio recording.