The card issued by Al-Rajhi Bank, which allows its holder to withdraw from any bank of his choice, is there anything wrong with it?
Machine translationRead the Arabic original
The questioner : His EminenceThe Shaykh : Al-Rajhi Company issues a card, which is an automated card based on an account. Does this card involve riba (usury or interest) or not, and what is the ruling on using it?
The Shaykh : How do you mean? I didn’t understand.
The questioner : The card takes five thousand from your balance from any bank.
The Shaykh : Yes, there is nothing wrong with this; it is a matter of facilitating things.
The questioner : Does it involve riba (usury or interest) or not?
The Shaykh : Yes.
The questioner : ... If you open an account with Al-Rajhi Company, they issue you a card. By means of this card, you can withdraw your money from any bank other than Al-Rajhi.
The Shaykh : There is nothing wrong with it.
The questioner : There is no harm in it.
The Shaykh : Because I did not give riba (usury or interest) nor did I take riba (usury or interest), and this is a matter of cooperation between these banks; there is nothing wrong with it.
The Shaykh : How do you mean? I didn’t understand.
The questioner : The card takes five thousand from your balance from any bank.
The Shaykh : Yes, there is nothing wrong with this; it is a matter of facilitating things.
The questioner : Does it involve riba (usury or interest) or not?
The Shaykh : Yes.
The questioner : ... If you open an account with Al-Rajhi Company, they issue you a card. By means of this card, you can withdraw your money from any bank other than Al-Rajhi.
The Shaykh : There is nothing wrong with it.
The questioner : There is no harm in it.
The Shaykh : Because I did not give riba (usury or interest) nor did I take riba (usury or interest), and this is a matter of cooperation between these banks; there is nothing wrong with it.