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Summarized Fatawaa

Fatwa Number : 1450

Classified : Current Financial Issues

Fatwa Type : Summarized Fatawaa

Question :

What is the ruling on using bank cards such as Visa and MasterCard ?

The Answer :

It is permissible to use such cards in accordance with the following conditions : 1-The issuing body does not stipulate collecting interest upon late payments. 2-The merchant does not increase the price of the goods due to an increase in the commission collected from him by the card issuer.3-The purchased item(s) should not be gold , silver or currency in case the card is not covered



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