Nedbank Greenbacks
Question
Is it permissible to redeem Nedbank Greenbacks for cash? Greenbacks Rewards is easy to understand and easy to use. You earn Greenbacks every time you swipe your linked Greenbacks card on eligible spend.
The Greenbacks Rewards Programme has a monthly linkage fee of R17, which is charged in arrears. Choose how you spend your rewards, your rewards are automatically loaded onto your "Free Shop Card" which you can use at over 100 000 stores, withdraw as cash from any ATM and even use it overseas. The Choice is yours.
Answer
It is not permissible. This is another form of riba.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
Fatawa SA is an independent, read-only index of fatawa already published by Mufti Online — Madrasah Ta'leemuddeen. It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.