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Using Credit Cards for Business: What Does Islam Say?

Answered as per Hanafi Fiqh by Muftionline.co.za

Q: My question is that I live in muscat and I am a teacher. I want to start a side business. So the bank is offering me a credit card and the offer is that if I pay the money back I use from credit card in 52 days then no interest will be charged. But I will only use it for the business so please tell me what Islam says about this? Will look forward to your reply in the lights of Islam.

Bismillaah

A: If you are sure that you will be able to pay back the loan before it accrues interest, it will be permissible.

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

Answered by:

Mufti Zakaria Makada

Checked & Approved:

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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