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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?

Answered according to Hanafi Fiqh by Darulifta-Deoband.com
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

This answer was collected from the official ifta website of Darul Uloom Deoband in India.

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