Things to Watch Out For
- Spending beyond your ability to pay
- Getting trapped in interest by paying only the minimum
- Using instant installments for non-essential purchases
B. Financial System
Guide 07: Credit Cards and Modern Payments
The convenience of digital payments must be supported by strong discipline to avoid riba and wasteful spending (israf).
Execution Checklist
- Prioritize debit cards for daily transactions
- Set a personal limit well below your actual capacity
- Disable unnecessary automatic installment features
- Pay the bill in full and on time if you still use a card
Dina relied heavily on her credit card until the bill exceeded her salary. She switched to debit payments and weekly budgeting.
- Prohibition of riba arising from late payments
- Prohibition of israf (extravagance and waste) in consumption