Assalamu Alaikkum,My questain is regarding Credit Card, I Have a credit card From RAK bank, UAE, the card is free of charge, and i can spent upto certain amount of money,every month on a certain date the statement for the spent amoun till that date would be generated, and within the due date 1) if i pay full amount of money which i spent, i do not have any fees or interests 2) If I make only a part payment of the full amount i would have a interset on the remaining money, which would be calculated monthly 3) If I am late for the payment than due date I would have a late payment fee, 1,2,3, which are allowed for me (Halaal)??? second part, the bank will give me 1% amount which i spent everymonth back(Cash back) if my purchases for the month is less than 10,000 Dirhams, if it is between 10,000-25000 the bank will give me 2% of the amonut which i spent , Say if i spent 9000 DH on this month i will get 90 Dh back, or i spent 11,000 Dh i will get back 220 Dh, Can I take this money, Is it halaal???
Answer
(Fatwa: 223/46=TL/1430)
The ruling of credit card is that if the due amount is paid back before due date without being liable for interest, then it is lawful. If the amount is repaid beyond due date with interest then it is unlawful. Therefore, the first case mentioned in the question is lawful and the other two are unlawful. As far as the extra cash on purchasing is concerned, it is interest which is haram and unlawful by Shariah, you are not allowed to use it.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband