Question
Albaraka Bank advertising its debit card says: "Save on Bank Charges & pay ZERO fees when using your alBaraka Debit Card to pay for your shopping! YES FREE. NO transaction fees on alBARAKA Debit Card purchases." Is this card halaal?
Answer
Don't be duped by deceptive adverts. Don't ever believe that a RIBA entity – a capitalist bank – will ever render any service free. Those who indulge in RIBA, about them the Qur'aan Majeed says:
"Those who devour Riba do not stand except as one who has been driven to insanity by the touch of shaitaan." (Baqarah, aayat 276)
The exorbitant bank charges come multifariously disguised in a plethora of fees. Is it intelligent to believe that those devouring RIBA will ever give you ice in winter? The Majlis, in a recent issue, has exposed this so-called 'free' debit card account of Albaraka Bank.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 20 No 06
- PDF page
- 2
Appears under Questions and Answers (approximate).