Asalamualikum
Our company switched to a new bank which provided us various new services for free. We just recieved the bundle package from that reputed bank which also included credit card + Debit card etc etc.... all free of cost. So, we decided to find out the ruling for credit cards and its usage. One of us called Daruloom Korangi and asked regarding Credit Cards ruling. The reply was
"It is not halal and we have not provided any permission to make credits becuase the initial terms signed between you and the bank is INTREST Transactions approval from your side. You sign the document in which its clearly written that you are willing to pay INTREST. So It isnt allowed by us"
Fatwaa is also attached below. Click on it to get an enlarged version of it.
Our company switched to a new bank which provided us various new services for free. We just recieved the bundle package from that reputed bank which also included credit card + Debit card etc etc.... all free of cost. So, we decided to find out the ruling for credit cards and its usage. One of us called Daruloom Korangi and asked regarding Credit Cards ruling. The reply was
"It is not halal and we have not provided any permission to make credits becuase the initial terms signed between you and the bank is INTREST Transactions approval from your side. You sign the document in which its clearly written that you are willing to pay INTREST. So It isnt allowed by us"
Fatwaa is also attached below. Click on it to get an enlarged version of it.
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