The Ruling on Dealing with Credit Cards
Machine translationRead the Arabic original
Question:
A questioner asks, Shaykh, about the ruling on dealing with credit cards?
Answer:
It is not permissible to deal with credit cards, because credit cards mean they give you a card to buy from shops, to buy from shops whatever goods you want, and the bank pays for you. It pays for you those purchases, then it recovers the value from you with an increase. It recovers from you what was paid to the shops with an increase. This is a riba (usury or interest) loan; it lent you the value of these goods and recovered it from you with an increase, and you agreed to this and signed with them. This is conditional riba in the loan, and it is forbidden. Yes.
A questioner asks, Shaykh, about the ruling on dealing with credit cards?
Answer:
It is not permissible to deal with credit cards, because credit cards mean they give you a card to buy from shops, to buy from shops whatever goods you want, and the bank pays for you. It pays for you those purchases, then it recovers the value from you with an increase. It recovers from you what was paid to the shops with an increase. This is a riba (usury or interest) loan; it lent you the value of these goods and recovered it from you with an increase, and you agreed to this and signed with them. This is conditional riba in the loan, and it is forbidden. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، محاضرات في العقيدة والدعوة-38-قضايا فقهية - 02|صالح الفوزان|العام|كبار العلماء — youtube.com (2:44)
The Arabic text is a machine transcription of the audio recording.