There is an Islamic bank with a Sharia committee; most of its transactions are permissible, but it deals in what is called Visa, which is a credit card. Is it permissible for me to deposit
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The questioner : May Allah reward you, Shaykh
The Shaykh : The right hand once and the left hand once. May Allah reward you with good. Yes.
The questioner : We have an Islamic bank among many clearly ribawi banks
The Shaykh : What is there?
The questioner : We have an Islamic bank
The Shaykh : Yes
The questioner : Among many clearly ribawi banks. This bank has a Sharia body that issues rulings on the permissibility of its commercial and banking activities. Although it has extensive commercial transactions, to the point that it has surpassed many banks, among these transactions are dealings in real estate, cars, furniture, and known banking matters such as transfers and others. However, among these banking matters is its dealing in the credit card transaction called Visa in all its forms. Some contemporary scholars in whom we trust their religion have issued a ruling that this transaction is forbidden. Is it permissible for me to deposit my money in this bank, which is the best available, and the need requires that I deposit my money in this bank? Every year, Your Eminence, there are profits on this money from the general commercial transactions. Am I allowed to take these annual profits, or should I leave them for them, or should I give some of it in charity based on the fact that the ruling follows the predominant aspect, since the majority of its work is halal?
The Shaykh : I see that there is no harm in depositing your money in this bank, especially since it has a Sharia committee that reviews its transactions. However, regarding what you are doubtful about, the scrupulousness is to give it in charity, based on the saying of the Prophet (peace and blessings be upon him):Bulugh al-Maram 16:32 So as long as you are in need of placing your money in this bank, place it there. And when the profit comes to you, the scrupulousness is to give in charity what you see to be from the ribawi profits.
The questioner : ...
The Shaykh : No, that is not... because this is not certain.
The Shaykh : The right hand once and the left hand once. May Allah reward you with good. Yes.
The questioner : We have an Islamic bank among many clearly ribawi banks
The Shaykh : What is there?
The questioner : We have an Islamic bank
The Shaykh : Yes
The questioner : Among many clearly ribawi banks. This bank has a Sharia body that issues rulings on the permissibility of its commercial and banking activities. Although it has extensive commercial transactions, to the point that it has surpassed many banks, among these transactions are dealings in real estate, cars, furniture, and known banking matters such as transfers and others. However, among these banking matters is its dealing in the credit card transaction called Visa in all its forms. Some contemporary scholars in whom we trust their religion have issued a ruling that this transaction is forbidden. Is it permissible for me to deposit my money in this bank, which is the best available, and the need requires that I deposit my money in this bank? Every year, Your Eminence, there are profits on this money from the general commercial transactions. Am I allowed to take these annual profits, or should I leave them for them, or should I give some of it in charity based on the fact that the ruling follows the predominant aspect, since the majority of its work is halal?
The Shaykh : I see that there is no harm in depositing your money in this bank, especially since it has a Sharia committee that reviews its transactions. However, regarding what you are doubtful about, the scrupulousness is to give it in charity, based on the saying of the Prophet (peace and blessings be upon him):
Both lawful (Halal) and unlawful things (Haram) are evident but in between them there are doubtful things·and most people have no knowledge about them. So he, who saves himself from these doubtful things, saves his religion and his honor
الحلال بين والحرام بين وبينهما أمور مشتبهات لا يعلمهن كثيرٌ من الناس، فمن اتقى الشبهات فقد استبرأ لدينه وعرضهThe questioner : ...
The Shaykh : No, that is not... because this is not certain.