Abstract
Credit cards are widely usedall over the world. Theyalmost have replaced currencies in transactions, payments, and in the fulfillmentall types of financialcommitments.
Credit card is an authorization from a bank to the holder of the card, which permits the holder pay for transactions, withdrawing cash and obtaining services.
Various types of credit cards are issued by banks (including Islamic banks) to their customers:
-Regular cards whichallow the holders to pay directly for transactions from his/ her account it is a payment method.
-Cards which do not require the holder to have credit or cash in the account. Interests are charged for these types of credit cards. According to Islamic view, the use of this type of card is prohibited.
The increase in the uses of credit cards prompts several important legal issues such as: the legality of using credit cards, their issuance and the employment in factory manufacturing credit cards. This research aims at investigating the pervious points, and also to inquire into the implications of the Islamic jurisprudential norms such as: the "Necessity" , "General Affliction ", and "Need" on the concept of credit cards
Recommended Citation
(2008)
"Credit cards,"
UAEU Law Journal: Vol. 2008:
No.
36, Article 2.
Available at:
https://scholarworks.uaeu.ac.ae/sharia_and_law/vol2008/iss36/2