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Is Allied Bank’s No-Fee ATM Card Shariah-Compliant?

Answered as per Hanafi Fiqh by Muftionline.co.za

Q: Allied bank is giving an ATM card in which we can deposit money from any city and can get money from anywhere with using this card from the branch of that bank and there is no charges of depositing and transactions. There is no need for any account of this. We only have to create an ATM card once from an Allied bank.

My question is that, is this permissible in shariah (deen) or not to use this ATM card? There is no extra money required for depositing and transacting.

Bismillaah

A: It is permissible.

And Allah Ta’ala (الله تعالى) knows best.

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

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