WebMar 5, 2012 · But to be more clear, the Debit card is allowed according to Islam if it fulfils the following conditions. Customer must have a deposit in the bank; There is no element of riba in it. Therefore, it can be concluded that debit card in its legal practice is according to an Islamic religious law. WebMar 28, 2013 · Using that card which enables you to buy with your balance in the bank: This is permissible but if it is the bank that pays the money that you get when using that card, then it is not permissible to benefit from it because this is nothing but an interest or gift from the bank in return for dealing with it by saving your money in it, i.e. you lend …

What Credit card should I get and what bank account should I get ...

WebThere’s no credit or debit interest, no arranged overdraft, no minimum balance required and no charges for everyday transactions. Your money used wisely You can be confident the money you keep with us will not be used for any interest-based or non-Shariah approved activities. Keep in mind Not available to new customers WebJun 13, 2016 · A: There is no objection to receiving interest from the shares of non-Muslims. It is not permissible to receive interest from the share of a Muslim. That is, where depositing the money with the bank is with the condition of getting interest and ribā or for the purpose of receiving it. Q1903: What is the ruling in the matter of taking interest ... olmsted recycle center hours

Permissibility of using Credit Card in Islam Maybank Islamic

WebDebit cards are another convenient Halal alternative to traditional credit cards. Debit card payments draw on the money in your bank account directly – so you can rest assured that … WebAnswer: Yes, it is permissible, as long as you do not stipulate the conditions of interest. -- Grand Ayatullah al-Sayyid Ali al-Hussani al-Sistani (undated; Iraq; Shia Islam), Question & … olmsted recycling