@musliminvesting: Is It Halal To Use A Credit Card As A Muslim? 💳 There are two main schools of thought: 1️⃣ They are haram ❌ When you sign up for a credit card, you sign a contract that states that you have to pay interest if you don’t pay it off. According to these scholars, this is an impermissible contract, and so if you’re signing it as part of the process of having a credit card, the credit card itself becomes haram. 2️⃣ It’s permissible if used correctly ✅ These scholars state that so long as you pay off the credit card in full AND pay no interest, it’s permissible to use one. Some scholars also state that only those who require a credit card should get one. ➡️ Follow @musliminvesting to learn more about Islamic finance and Halal investing - #islamicfinance #halalinvesting #creditcards #investments #musliminvesting #muslim #finance #investing #muslimtiktok

Muhammad Lambat

Open In TikTok:

Region: NZ

Friday 09 June 2023 09:19:22 GMT