The Official Site of Shaykh Abdul Raheem
(Damat Barakaatuhum)

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

The Official Site of Shaykh Abdul Raheem
(Damat Barakaatuhum)

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Q681: Opening a certain bank account

Share This Post

Question

Assalamualaykum

I wish to open this santander account, could you please tell me if it jaaiz to do so?

All the relavent informatiion is on this link.

Also if this credit card is jaaiz for me to have?

I look foward to hearing your response

jazakallah khayran

Answer

Walaikumussalam w w

Having read the basic details it is clear that there are two elements to this account.

The first is interest; you give less and you get more in return. This is haram and should be avoided under all circumstances.

The second is that you are paying a certain amount every month without knowing with any certainty what you will get in return, this comes under the ruling of qimar (gambling).

Therefore any money you receive from such an account will be ulawful to use.
So you shouldn’t open this account. Just use the normal ones.

All Credit cards should be avoided. Keep only one for an emergency use during the travels or something. Many people have lost everything after spending lavishly on credit cards and then failing to pay due to job loss or some other reason. Some even committed suicide because of huge debts. So be careful, very careful. Wassalam

Subscribe To Our Newsletter

Get updates and learn from the best

More To Explore

Travelling to Mina on the 8th of Dhul-Hijjah

Travelling to Mina on the 8th of Dhul-Hijjah By Shaykh al-Hadith Hadhrat Maulana Abdul Raheem hafizahullah Ummul Mu’mineen Aysha Radiallahu Anha narrates that I said: