Reward programmes from financial institutions

Q: Many financial institutions nowadays have rewards programs where you earn points for every swipe that you do with the credit card. Some you need to pay a yearly fee to be part of the club others you don’t pay anything. Just by swiping you earn points. Is it permissible to use these points? 

A: Financial institutes will refer to some type of loaning, and taking any benefit from a loan will amount to interest.

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

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)