The Ruling on Credit Cards
Machine translationRead the Arabic original
Question:
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 anything with them, then the holder pays the bank the value of what he bought after a month. If he delays payment beyond a month, he pays an additional two percent. Is it permissible to deal with them?
Answer:
Riba (usury or interest) is not valid, and it is not permissible to deal with them; because there is consensus on the riba. If you delay, you pay an extra amount. This is the riba of the pre-Islamic age of ignorance (jahiliyyah). If you delay, you pay an extra amount.
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 anything with them, then the holder pays the bank the value of what he bought after a month. If he delays payment beyond a month, he pays an additional two percent. Is it permissible to deal with them?
Answer:
Riba (usury or interest) is not valid, and it is not permissible to deal with them; because there is consensus on the riba. If you delay, you pay an extra amount. This is the riba of the pre-Islamic age of ignorance (jahiliyyah). If you delay, you pay an extra amount.
Source
فتاوى الحج 1410 هـ - 13 — archive.org (18:10)
The Arabic text is a machine transcription of the audio recording.