I have a credit card and I pay outstanding amount before incurring any interest by bank. Bank offers discount of 3% on every transaction done through Credit card. For example if I have a transaction of AED 100 on credit card then I have to pay AED 97 before due date. Please advise whether discount of AED 3 offered by Bank is Hallal?
Answer
(Fatwa: 1123/954=L/1430)
The discount of 3 AED given by the bank is interest; it is not lawful for you to use.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband