Debit Card, Charge Card and Credit Card: Appendix A - Brief History of the Preparation of the Standard
In its meeting In its meeting No. (1) No. (1) held in Bahrain on Saturday 11 Dhul-Qa’dah 1419 held in Bahrain on Saturday 11 Dhul-Qa’dah 1419 A.H., corresponding to 27 February 1998 A.D., the Shari’ah Board decided A.H., corresponding to 27 February 1998 A.D., the Shari’ah Board decided to give priority to the preparation of a Shari’ah standard on debit card, to give priority to the preparation of a Shari’ah standard on debit card, charge card and credit card. charge card and credit card.
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On Saturday 11 Dhul-Qa’dah 1419 A.H., corresponding to 27 February 1999 A.D., a Shari’ah consultant was commissioned to prepare a juristic 1999 A.D., a Shari’ah consultant was commissioned to prepare a juristic study and an exposure draft.study and an exposure draft
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