Question
I am a student and have to pay my fees online quite a few times which requires me to have a credit card because the debit cards offered by the banks are not accepted. The problem is that in the banks charge an annual fees on having a credit card which in some banks is deducted on an monthly basis. Therefore, if I pay all my dues on time i.e before the interest accrues is it permissible for me to keep a credit card, if there are annual charges attached to it.
Answer
Muhtaram / Muhtaramah
In the Name of Allāh, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāh wa-barakātuh.
It is permissible to make use of the credit card facility on condition payments to your account is made timeously to avoid paying interest.
And Allah knows best
Darul Iftaa
Madrasah Inaa’miyyah
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