Sood On Credit Card Cash Installment Plan
Kindly elaborate further on the nature of transaction so that we can take a Scholar’s opinion if the same matter hasn’t already been discussed elsewhere.
Also, as explained what is in Quran by Ghamidi sahab, gunah is on taking the interest/Riba and not on paying the interest/Riba. In this case, if we assume bank is taking “monthly Handling charges $Z” and I am paying then I am not gunahgar. However, bank is declaring that “monthly handling charges $Z” is different from interest (RIBA). That’s why it creates confusion and need Ghamidi sahab/Scholars opinion in this case. Many Thanks in advance.