Fatwa No : 78127
Ruling on Faysal Bank's Noor Credit Card

Ruling on Faysal Bank's Noor Credit Card

Assalamu Alaikum!
Faisal Bank is issuing Noor Credit Card which they are calling Islamic. Is it permissible to take it?

الجوابُ حامِدا ًو مُصلیِّا ً

According to our information, Faysal Bank is currently conducting all its financial transactions under the supervision of a Sharia Board consisting of qualified Muftis. Therefore, there is a Shar’i scope for the questioner to use Faysal Bank's "Noor Credit Card".