AOA! I have a question regarding the use of credit cards within the boundaries of Islamic principles. In today’s modern world, credit cards have become an integral part of financial transactions. However, I seek guidance from knowledgeable Islamic scholars regarding their permissibility and any potential pitfalls associated with their usage.
- Can we use credit cards for everyday transactions without falling into riba (usury/interest)?
- What are the alternatives to credit cards that are in line with Islamic principles?
- Are there any specific conditions or guidelines we should follow when using credit cards?
- Is it permissible to use credit cards for emergency situations or for convenience?