Ruling on prepaid credit cards from al-Ahli Bank
Question: 148028
What is the ruling on prepaid credit cards from al-Ahli Commercial Bank?.
Praise be to Allah, and peace and blessings be upon the Messenger of Allah and his family.
It is permissible to deal with prepaid credit cards,
because they are free from the haraam things found in other credit cards
with which the customer borrows from the bank, such as the stipulation of
a penalty in the event of late payment, or paying interest, and so on. See
the answer to question no.
143719.
But with prepaid credit cards, the customer is drawing from
his own funds and is not borrowing from the bank.
Source:
Islam Q&A
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