Ruling on prepaid credit cards from al-Ahli Bank
Dear Brothers & Sisters,As-Salaamu-Alaikum wa Rahmatullahi wa Barakatuh. (May Allah's Peace, Mercy and Blessings be upon all of you)
One of our brothers/sisters has asked this question:
What is the ruling on prepaid credit cards from al-Ahli Commercial Bank?.
(There may be some grammatical and spelling errors in the above statement. The forum does not change anything from questions, comments and statements received from our readers for circulation in confidentiality.)
Check below answers in case you are looking for other related questions:
Answer:
Praise be to Allaah.
It is permissible to deal with prepaid credit cards, because they are free from the haraam things found in other credit cards with which the customer borrows from the bank, such as the stipulation of a penalty in the event of late payment, or paying interest, and so on. See the answer to question no. 143719.
But with prepaid credit cards, the customer is drawing from his own funds and is not borrowing from the bank.
Whatever written of Truth and benefit is only due to Allah's Assistance and Guidance, and whatever of error is of me. Allah Alone Knows Best and He is the Only Source of Strength.
Related Answers:
Recommended answers for you:
Wister