The Ruling on Using a Visa Bank Card
Machine translationRead the Arabic original
Question:
The questioner asks: What is the ruling on using a Visa bank card from banks known to be Islamic, given that nothing is taken from him when he makes a purchase, but when he withdraws cash, a fee of thirty-six riyals is taken?
Answer:
This is riba (usury or interest). What is taken is riba. Visa means that they pay on your behalf. They pay on your behalf for the value of the things you buy, they guarantee it for you, and then they recover it from you with an increase. This is a riba loan. Yes.
The questioner asks: What is the ruling on using a Visa bank card from banks known to be Islamic, given that nothing is taken from him when he makes a purchase, but when he withdraws cash, a fee of thirty-six riyals is taken?
Answer:
This is riba (usury or interest). What is taken is riba. Visa means that they pay on your behalf. They pay on your behalf for the value of the things you buy, they guarantee it for you, and then they recover it from you with an increase. This is a riba loan. Yes.
Source
الفوزان -أشرطة- شرح زاد المستقنع مع الأسئلة - 095-كتاب الحدود - القطع في حد السرقة وحد قطع الطريق - 12-2-2 — archive.org (1:31:00)
The Arabic text is a machine transcription of the audio recording.