Various banks offer incentives when swiping their credit cards in the form of e-bucks, air rewards, voyager miles, points that convert to cash etc.

Answered according to Hanafi Fiqh by Askimam.org

Various banks offer incentives when swiping their credit cards in the form of e-bucks, air rewards, voyager miles, points that convert to cash etc. Kindly enlighten me on the permissibility of benefiting from such schemes offered.

Answer

The points earned on voyager miles etc upon swiping a credit card is in essence an incentive and bonus from the credit card company, persuading the holder to increase his usage of the credit facility. It is similar to any other bonus or incentive one may receive. We do not find anything that is un-Islamic in these schemes that are offered.

And Allah knows best

Ml. Talha Desai,
Student Darul Iftaa

Checked and Approved by:

Mufti Ebrahim Desai
Darul Iftaa, Madrassah In’aamiyyah

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