AskImamDarul Iftaa Mahmudiyyah (AskImam)

0% interest in EMI

Fatwa 43182English
Finance and Commerce

Question

Assalamualaiakum,

My credit card is offering to book air ticket for 0% interest in EMI for 3 months. The clause says "Interest will be charged and then returned back as cash back with in 21 days"

Is it permissible to book tickets in this offer

Jazak Allah Khair

Answer

In the name of Allah, Most Gracious, Most Merciful
As-salaamu ‘alaykum wa-rahmatullaahi wa-barakaatuh

You state that interest will be charged and then returned back to you as cash back within 21 days. We are unaware of such a credit card scheme. Kindly clarify exactly what you are referring to. You may reply to admin@dariliftaa.net Ref: Akyaar Uddin.

And Allaah Ta’aala Knows Best.

Akhyaar Uddin

Student, Darul Iftaa

Buffalo, New York, USA

Checked and approved by

Mufti Ebrahim Desai.

Answered by
Akhyaar Uddin
Checked & approved by
Mufti Ebrahim Desai
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