AAOIFI Shariah Standards

Debit Card, Charge Card and Credit Card: Scope & Shariah Ruling

The standard covers debit cards, charge cards and credit cards that are issued by Institutions to their customers to enable the latter, by using the cards, either to withdraw cash from their accounts or to obtain credit or cards, either to withdraw cash from their accounts or to obtain credit or to pay for goods or services purchased. These cards include the following types:• Debit card• Charge card • Credit card


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