Barclays Blue Rewards

Salaam,

Is the Barclays Blue Rewards scheme permissible?

Barclays Blue Rewards is the banks way of saying thanks by giving you cash rewards every month.

There is currently a £4 monthly membership fee and making sure at least £800 is paid into the account each month as per the details on their website.

Wa alaykum salaam,

This is not Shariah compliant.

Allah knows best

1 Like

Salaams

Many of these reward accounts just require you to deposit a minimum amount but you can immediately transfer this cash back to another account and still qualify for the reward. (Rather than maintain a minimum balance). Does this change the permissibility? What exactly is the business model behind these reward schemes? I think they just want your salary to be paid in so you use it as a main account and then the bank can sell you other products.

Thanks

Thanks