Darul Iftaa Mahmudiyyah

Can we use a credit card and then cancelling it after paying the money back

· 5 Rabiʻ I 1424 AH1 min readFatwa 8528English

Question

Can we use a credit card and then cancelling it after paying the money back (without paying any interest) ?? ??. I meant by cancelling it just to avoid paying the interest ?? is trying to avoid to pay the interest does something to do with steeling or been dishonest ??

Answer

Q: Is it permissible to use a credit card facility?
A: Yes, it is permissible to use a credit card facility. However, a credit card holder should ensure that deposits are made on time to avoid paying interest.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

Answered by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/8528
Fatawa SA: https://fatawa.co.za/fatwa/askimam-8528

People also ask

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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