Question
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Feb 15, 2007, 05:54 PM
| | Full Member  | | Join Date: Feb 2007
Posts: 350
| | | Credit cards
IS it haram to use credit cards?
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Answers
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Mar 14, 2007, 06:18 AM
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#2
| | New Member
Join Date: Mar 2007
Posts: 15
| no it isnt prohipited in islam i didnt think so coz itr is a way of dealing with money and no proplem in dealing with a way to pay and please ask an expert in islam in that matter also (the shiekh) |
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Mar 14, 2007, 06:25 AM
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#3
| | | Computer Expert and Renaissance Man
Join Date: Jan 2003 Location: LI, NY - USA
Posts: 33,639
Pay to call ScottGem for advice ($.75/min) | I remember reading not too long ago that Islam prohibits borrowing money. So using a credit card might be iffy. I suppose, if you pay in full each month that may get around the rules. | |
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Mar 14, 2007, 09:39 AM
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#4
| | Full Member
Join Date: Feb 2007
Posts: 350
| Quote: |
Originally Posted by ScottGem I remember reading not too long ago that Islam prohibits borrowing money. So using a credit card might be iffy. I suppose, if you pay in full each month that may get around the rules. | I'm not worried about the borrowing-money part, I'm worried about the paying-interest part. | |
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Mar 14, 2007, 10:57 AM
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#5
| | | Computer Expert and Renaissance Man
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Pay to call ScottGem for advice ($.75/min) | That's the thing. Borrowing money means paying interest. That's what appears to be a violation of Islamic law. That's why I said that paying in full so you don't incur interest might be OK. | |
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Mar 14, 2007, 11:00 AM
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#6
| | Full Member
Join Date: Feb 2007
Posts: 350
| Quote: |
Originally Posted by ScottGem That's the thing. Borrowing money means paying interest. That's what appears to be a violation of Islamic law. That's why I said that paying in full so you don't incur interest might be OK. | Oh! I see. Ok, let's say you want to buy this but you need a credit card( you're buying online) the only way to not pay interest would be to pay in full? | |
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Mar 14, 2007, 12:03 PM
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#7
| | | Christianity Expert
Join Date: Nov 2005 Location: Georgia
Posts: 36,817
| There are many ways to buy online without a credit card. You can have a bank card ( atm type) that works like a credit card, you can use paypal.com that allows for online payments to be made and also issues a debit type card that can be used online.
So one can live thier life withotu a credit card just fine. | |
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Mar 14, 2007, 12:07 PM
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#8
| | Computer Expert and Renaissance Man
Join Date: Jan 2003 Location: LI, NY - USA
Posts: 33,639
Pay to call ScottGem for advice ($.75/min) | Most credit cards only charge interest when the balance on the statement is not paid in full and allowed to carry over. So if you pay the full balance no interest.
As Chuck mentioned, there are other ways to remit money like Paypal, or debit cards. | |
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Mar 14, 2007, 02:19 PM
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#9
| | Administrator
Join Date: Mar 2005 Location: Behind You !!
Posts: 8,881
Pay to call Curlyben for advice ($1/min) | Under Sharia (Islamic) Law the use of credit of any kind is forbidden.
Further reading here: Sharia
A number of banks in the UK are now offering Sharia bank accounts that have no overdrafts, no charges and offer no interest.
Hey it's better than having mountians of cash in your house. | |
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Mar 14, 2007, 02:29 PM
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#10
| | Senior Member
Join Date: Feb 2007 Location: Milton Keynes, UK
Posts: 501
| Basic bank accounts, which all uk banks have to offer, have no credit inolved. To buy online you could get a debit card so the money goes straight out of your bank account. The Halifax has an acount called Easycash that has no charges/overdrafts etc, and gives you a debit card. | |
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