Various banks offer incentives when swiping their credit cards in the form of e-bucks, air rewards, voyager miles, points that convert to cash etc.
Question
Various banks offer incentives when swiping their credit cards in the form of e-bucks, air rewards, voyager miles, points that convert to cash etc. Kindly enlighten me on the permissibility of benefiting from such schemes offered.
Answer
The points earned on voyager miles etc upon swiping a credit card is in essence an incentive and bonus from the credit card company, persuading the holder to increase his usage of the credit facility. It is similar to any other bonus or incentive one may receive. We do not find anything that is un-Islamic in these schemes that are offered.
And Allah knows best
Checked and Approved by:
Mufti Ebrahim Desai
Darul Iftaa
- Checked & approved by
- Mufti Ebrahim Desai
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