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Shari’ah compliant credit card

Answered as per Hanafi Fiqh by Askimam.org

Some banks are offering credit cards that are Shria compliant and approved by their shria boards. I am not confident if I should enter into such an agreement with the bank and i need your advice.

Though, rarely, at times I have a pressing need of a credit cards when I have to buy something from abroad but I have managed to live without it so far due to the riba aggreement condition (which is straight no form my side). But now I learned that Shria compliant credit card is being offered by one of the leading banks. Below is the fatwa by their shria board. https://www.sc.com/global/av/pk-saadiq-credit-card.pdf. Can you please advice me on this. 


In the Name of Allaah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

We are not in a position to issue a ruling on the Shari’ah compliant credit card in reference without details on the design and the contract of the credit card. You may send us the relevant information or refer to your local Mufti for guidance.

And Allah Ta’ala Knows Best

Muhammed Al-Ameen Bin Moulana Ismail Akoo

Student, Darul Iftaa

Newcastle; KZN, South Africa

Checked and Approved by,
Mufti Ebrahim Desai.

This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

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