Mufti Online — Madrasah Ta'leemuddeen

Is it permissible to redeem Nedbank Greenbacks for cash?

Published as Nedbank Greenbacks

· 21 Rajab 1438 AH1 min readEnglish

Question

Is it permissible to redeem Nedbank Greenbacks for cash? Greenbacks Rewards is easy to understand and easy to use. You earn Greenbacks every time you swipe your linked Greenbacks card on eligible spend.

The Greenbacks Rewards Programme has a monthly linkage fee of R17, which is charged in arrears. Choose how you spend your rewards, your rewards are automatically loaded onto your "Free Shop Card" which you can use at over 100 000 stores, withdraw as cash from any ATM and even use it overseas. The Choice is yours.

Answer

It is not permissible. This is another form of riba.

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

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/20107
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-20107

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