TinyButStrong Error when merging block [related]: MySQLi error message when opening the query:Expression #3 of SELECT list is not in GROUP BY clause and contains nonaggregated column 'enalm38s_endb23m.essay_cats.cat_id' which is not functionally dependent on columns in GROUP BY clause; this is incompatible with sql_mode=only_full_group_by

TinyButStrong Error in field [var.ex...]: the key 'ex' does not exist or is not set in VarRef. (VarRef seems refers to $GLOBALS) This message can be cancelled using parameter 'noerr'.
To Use a Credit Card and Pay Interest
E-Mail عربي Français Guest Book Search Week's Spotlight Mailing List
The Role of Time in Knowledge Acquisition Supreme Leader's Meeting with Outstanding Youth
 

News Categories » Shar'ia Questions » Newly asked questions » Banking Affairs » Credit Cards

Decrease Font Size Increase Font Size Tell a friend Print Page
To Use a Credit Card and Pay Interest

Q: I have an ATM card. I overdrew / bought something when I had no money in the account and should pay a mark up monthly. If this extra amount is counted as interest, what is the kaffarah of this sin? And how can I rescue myself and family form the impacts of this haram act in the future? Because I must pay this money back in 20 monthly payments plus interest.

A: If, through using a credit card, one receives a loan to be paid back later with an interest, the money borrowed is halal. However, unless it is charged by the bank as a fee, the extra paid is riba and haram and, according to shar‘, you do not owe the bank this amount although the bank will inevitably take it from you.

 

3098 View | 02-04-2014 | 13:52


 
 

5- The Tawabin Revolution Against the Umayyads (65 A.H.)
8- The Birth Anniversary of Imam Hasan Al-Askari (a.s.) (232 A.H.)
10- The Death of the Infallible Lady, daughter of Imam Al-Kazem (a.s.), Fatima Al-Masoumah (201 A.H.)
14- The Revolution of Al-Mukhtar Ibn Abu Obeida Al-Thaqafi, (66 A.H.)
25- Hiteen Battle (385 A.H.)

Related News
[related.estitle] [related;block=span;nodata]No Results
 
  ::Al-Maaref:: Islamic Organization