Credit Card in Islam, Halal or Haram?

Jakarta, CNN Indonesia —

Credit cards are one of the means of payment used by many people in this modern era. Understandably, credit cards do provide various advantages because all transactions can be completed with one swipe.

Apart from convenience, there are usually many attractive promos that are given when people use credit cards.

However, the use of credit cards still remains a polemic. The polemic is mainly related to Islamic law. Many people still ask, is using a credit card halal or haram.



Financial Planner Advisor Alliance Group Indonesia Andy Nugroho said that what actually makes credit cards illegal is the interest that must be paid.

“For example, we are in arrears of payment or we don’t pay 100 percent in the next month, we fine or interest, that’s what makes it illegal,” said Andy to, Friday (31/3).

Apart from that, continued Andy, the potential for illegal credit cards can also arise because banks usually do not encourage their users to use credit cards for positive things.

Andy said it was these things that finally led to the emergence of sharia credit cards. Credit cards issued by Islamic banks are said to not use interest components like those in conventional credit cards.

In addition, banks that issue Islamic banks usually also remind credit card users to use them for positive things. Then there is also a sharia supervisory board whose job is to oversee bank operations so that they comply with Islamic law.

“So for example there are people who want to use a credit card, but are unsure about conventional ones because they are afraid it is illegal, they can choose sharia,” he said.

(Gambas:Video CNN)

Meanwhile, INDEF Sharia Economic Researcher Fauziah Rizki Yuniarti said there were three differences between conventional and Islamic credit cards. First, sharia credit cards have special agreements in accordance with sharia for each financial transaction.

For example agreements with merchants, agreements to withdraw money from ATMs, and others. Whereas on conventional credit cards, financial transaction schemes are not in accordance with sharia.

Second, the sharia agreement used in credit cards is fee-based income so it is free of interest. The sharia agreement consists of three, namely a guarantee agreement for transactions with merchants (kafalah agreement), a rental agreement for the use of a payment system so that the issuing bank has the right to request a monthly fee (ijarah agreement), and a loan agreement without compensation for withdrawing funds from an ATM (qard agreement). .

Third, late fees on sharia credit cards will be used for community social activities. Fauziah said the MUI Fatwa stipulates that sharia credit card issuing banks may impose fines for delays, or the bank considers it a “collection fee”.

But the fine cannot be recognized as income by the bank and must be channeled for community social activities.

“If you really need a sharia credit card, make sure the intention to use a sharia credit card does not change your financial behavior to become excessive, consumptive and impulsive. Use a credit card according to your abilities and needs,” he said.


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