AskImamDarul Iftaa Mahmudiyyah (AskImam)

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

Fatwa 8528English
Finance and Commerce

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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