Sood On Credit Card Cash Installment Plan
Assalam o Alaikum, This matter hasn’t discussed in any other forum. The matter is that I am living outside Pakistan and have an international bank credit card. The credit card has a credit limit of $X. The bank has given the facility to convert 80% of this credit limit into cash (say $Y = $X*0.8). The cash amount $Y can be used for any purpose. While paying back the cash amount $Y in 12 – 60 monthly installments, the bank also charge ‘monthly handling charges (say $Z)’ with each monthly installment. My question: 1. Is this monthly handling charges $Z counts as Sood? 2. I am now paying this with each monthly installment, so, should I am also “gunahgar” if this amount is Sood? If my explanation and questions are still not understandable, pls email/send me any WhatsApp number so that I can discuss directly. Thanks in advance.