• Miscellaneous >> Halal & Haram

    Question ID: 14559Country: United Arab Emirates

    Title: I have a credit card and I pay outstanding amount before incurring any interest by bank. Bank offers discount of 3% on every transaction done through Credit card. For example if I have a transaction of AED 100 on credit card then I have to pay AED 97 before due date. Please advise whether discount of AED 3 offered by Bank is Hallal?

    Question: I have a credit card and I pay outstanding amount before incurring any interest by bank. Bank offers discount of 3% on every transaction done through Credit card. For example if I have a transaction of AED 100 on credit card then I have to pay AED 97 before due date. Please advise whether discount of AED 3 offered by Bank is Hallal?

    Answer ID: 14559

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 1123/954=L/1430)

     

    The discount of 3 AED given by the bank is interest; it is not lawful for you to use.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India