23 Days
Source:
الحقيقة الدولية
Fatwa bans price hikes for Visa payments
The General Islamic Council of Ifta confirmed that it is not permissible for fuel stations or merchants to impose any additional fees or increase prices when customers pay with Visa credit cards. It explained that the relationship between the issuing bank and the merchant varies depending on the type of card. Cards covered by a balance are considered guarantees, and it is only permitted to charge a commission to cover actual costs. On the other hand, un-backed cards are regarded as loans, and it is prohibited to impose any fees on them to avoid interest (usury). The Council also pointed out that increasing the price or charging a fixed amount upon payment with the card, without providing an additional service, is not permissible according to sharia law—even if the issuing entity does not charge any forbidden fees. The fatwa is based on a decision from the Islamic Fiqh Academy, which permitted the bank to collect a fee from the merchant if the payment price is equivalent to the cash price.
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