credit card

Q: I am a car dealer. I am not involved in finance. However, I accept different forms of payment, such as cash, EFT and via a card machine. Is it permissible for me to decide the price of a vehicle depending on the customer’s form of payment? The bank charges me 3,25% (for a credit card) and 1,75% (for a debit card) of the total amount if the card machine is used. Can I add this percentage onto the original price of the vehicle? If so, does it have to be the exact amount the bank charges me or can I round off or add to the amount as I desire?

Q: When we make purchases online, some companies deliver their goods on cash on delivery terms. But they or a third party (delivering company) charge extra if one pays cash on delivery but no extra charges if we buy using credit card. Is it permissibe to pay the extra charges ?

Q: Can we use discount on bank cards (credit and debit) offered by resturants and shops?

Q: Many people who receive benefits from the bank such as airport lounge access pay high bank charges or card fees e.g. Zaid’s bank charges are R300 000 for the year. After paying the bank so much in bank charges, why can he not take a R300 benefit from the bank by using the lounge facilities?

Q: Is it permissible for Muslim businesses to accept credit card payment?

Q:

1. I have a question regarding banking. If the bank gives you $200 credit in your account for opening a new account and then charges $35.00 for bank fees every month. Is it permissible to use that $200 to pay their fees? If not, what is the correct approach to take? Should a person try to refuse taking that money or take it and give it to Sadaqah without intention of sawab? 

2. If the bank offers you a free service such as a safety deposit box for having a certain type of account is it permissible to take advantage of that? 

3. Also, is it permissible to use points earned on credit card spending to pay fines, speeding tickets, taxes etc?

4. If a person forgets to make a payment and the credit card company charges a late fee or interest. Is it permissible to use the point to pay for such fees?

Q: I recently learned about the impermissibility of the 3% cash back on the credit card. Many stores offer points which can be changed to cash to purchase in store. Is this permissible? If yes, what is the difference between points in stores and cash back on a credit card.

Q: Someone took gold on credit cards and couldn’t pay the credit card, so the interest is triple times more since 1 year, and the person left the country. Is the person eligible to pay zakat on this gold? As people are saying that its not payable to zakat because person is not paying credit cards bills and interest is more than its amount of credit limits.

Q: I have a question relating to a child's obligation toward parents. I want to ask question relating to family vacation or social activity. If a wife and husband work jointly to pay for a family vacation and the mum wants to go on holiday as well, I have a question:

1) Can a credit card or credit facility be used to fund the mum's holiday?

2) Can the mum travel without a mahram if she is over 60?

What is the obligation of the son in this regard? Can he politely decline the payment of the holiday due to inadequate funds and also disallow the holiday as no mahram is present? Will the son be punished in the eyes of Allah for doing this? Also what happens when the money one's son gives to a mum on debt and that is being used to buy lavish gifts for the other son and his family? What happens in essence if a mum thinks a child has the financial means and expects all expenses and holidays to be paid for when a child in essence is living on finance?

Q: I work in a department store, and as part of the job we are obliged to encourage customers to get a store card, which is a credit card, and if they do, to open accounts for them. I too have to sign their contracts which states they must pay interest if they miss or fail to make their payment on time. What is the ruling on credit cards, and is this work permissible?