PermissibleCommerce, Finance & Investment · Schemes & Products

Is The Pockit Prepaid Mastercard Shariah Complaint?

The answer

The Pockit prepaid Mastercard product is permissible to use. One should abstain from any overdraft facility accounts.

Explanation

Fees for contactless payments, withdrawals, loading fees and transfers are all service fees which are valid fees.

And Allah knows best.

Mufti Faraz Adam

Based on the Hanafi school and on the question as it was asked. Another mufti may reach a different conclusion. Read the disclaimer.