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More questions

Modern Money

Is a debit card halal?

Yes, a debit card is generally halal. You spend your own money, so there is no loan or interest; just avoid overdraft charges and haram purchases.

Modern Money

Is a car loan haram?

Yes, a conventional car loan with interest is haram according to most scholars. Halal options include saving, a used car and Islamic car finance.

Modern Money

Is 0% financing halal?

It depends on the contract. True 0% instalments can be halal, but watch penalty interest, deferred interest and hidden fees in the small print.