Credit cards for dire necessity in America and their alternative
Machine translationRead the Arabic original
The questioner:
Now, Shaykh, there is also a questioner asking. Of course, the Honorable Shaykh, in America, for example, the credit card is almost a dire necessity in dealing with life, in renting or housing, or out of fear of losing money or theft. He says: Of course, there are companies that you must subscribe to, or that you cannot drive your car unless you have...
The Shaykh:
insurance, which is by credit.
The questioner:
insurance.
The Shaykh:
Yes, let us leave the insurance; we have not yet gotten into it.
The questioner:
Yes, because there is also medical insurance and...
The Shaykh:
We have reached this point; we are now talking about the credit card.
The questioner:
Yes.
The Shaykh:
We say the alternative to it is a deposit card. Yes, this is the correct alternative. You deposit with them an amount of money equal to your need for your trip, and they withdraw from it and pay on your behalf. There is no harm in this. However, if you do not give them anything and they pay on your behalf from their money, then they recover it from you with an increase, or with a benefit they expect from you, this is not permissible. Yes, you have done well. Yes.
Now, Shaykh, there is also a questioner asking. Of course, the Honorable Shaykh, in America, for example, the credit card is almost a dire necessity in dealing with life, in renting or housing, or out of fear of losing money or theft. He says: Of course, there are companies that you must subscribe to, or that you cannot drive your car unless you have...
The Shaykh:
insurance, which is by credit.
The questioner:
insurance.
The Shaykh:
Yes, let us leave the insurance; we have not yet gotten into it.
The questioner:
Yes, because there is also medical insurance and...
The Shaykh:
We have reached this point; we are now talking about the credit card.
The questioner:
Yes.
The Shaykh:
We say the alternative to it is a deposit card. Yes, this is the correct alternative. You deposit with them an amount of money equal to your need for your trip, and they withdraw from it and pay on your behalf. There is no harm in this. However, if you do not give them anything and they pay on your behalf from their money, then they recover it from you with an increase, or with a benefit they expect from you, this is not permissible. Yes, you have done well. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، محاضرات في العقيدة والدعوة-38-قضايا فقهية - 02|صالح الفوزان|العام|كبار العلماء — youtube.com (35:55)
The Arabic text is a machine transcription of the audio recording.