Balance transfer fee or another form Interest?

[bao_bihari]

Re: Balance transfer fee or another form Interest?

@lethal_kamikaze

Peace bao bihari,

Is credit card’s benefit (amount) is also riba?

Is riba and ‘Sood’ are one and same thing or different?

Brother RIBA is a much wider term, sood is just part of it,RIBA alfazl Riba - is not included normaly in the meaning of sood.

What do you mean by credit cards benefit? is it the principal loan/amount? in that case principal amount is not RIBA but a RIBA based loan on which there is a risk of RIBA.

This link contains a fatwa from darul uloom karachi on credit card.Deeneislam.com - Fatwa on Credit Card