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.
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