Darul Iftaa Mahmudiyyah

Credit card debt

· 7 Shaʻban 1439 AH1 min readFatwa 39649English

Question

my question is I had some credit card that I used I didn't pay off blaneces but I used pay minimum payment every month but right now I am unable to pay any payment and I am thing also that every month I am paying minium payment but the credit company deduct first inrest charge than they deduct from due money .right now from few month I stopped payment and the credit card company they keep charging late fee and interest for few month afterthat they closed my account. Though I talk to them that I can.t pay now but in futre I will try to pay but they are not listen to me they send my account to colection centre. I now i use their money so I should pay but right now

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

If one has a credit card from a conventional bank due to need and necessity, he should ensure making timeous payments to avoid paying interest. You did not make timeous payments and led the bank to charge you interest. You should make Tawbah and Istighfar for that. You should also endeavour to pay your debt.

You may discuss your financial difficulty with the collection centre and request for concession.

And Allah Ta’āla Knows Best

Abdullah Syed Sajid

Student Darul Iftaa
Houston, TX, USA

Checked and Approved by,
Mufti Ebrahim Desai.

Answered by
Abdullah Syed Sajid
Checked & approved by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/39649
Fatawa SA: https://fatawa.co.za/fatwa/askimam-39649

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Is using a credit card permissible?

“The monthly fee which the bank charges the credit card holder is not permissible. This amount is riba (interest). One is paying the bank this monthly fee in order to keep this credit facility open to him to qualify for credit…”

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