Administrative Withdrawal of Cash Money
Administrative Withdrawal of Cash Money
Among the types of credit cards one can be used to withdraw cash from bank accounts in question. Usually the bank will take the money the administration of taking the cash. The extent to which the money the administration is permissible?
The fuqaha ‘differed concerning contemporary legal administrative monies such, based on the difference that kind of withdrawal, whether the mere withdrawal of cash from the cardholder’s account only, or no element of the loan?
Among the scholars who believe that there are legal money-money that the administration may, for not more than just wages, benefits from transferring money from his account to the customer’s various locations where the money was used, which of course requires operational costs. So his position is as a wage transfers money from one country to another. It’s just the reverse transfer system. Because the bank representing the party that issued the credit card to pay money in advance, then a new request from the party that holds the card to realize the direct payment terms in this exchange. The distance that exists between the cause of anger in cash to the closing of the debt is not a goal in this process, also not including the determining. This opinion is ultimately selected by the Financial Institutions Kuwait and Jordan Islamic Bank.
There is also the opinion that the money the administration in this case is unlawful. Because the process of withdrawal or borrowing debt from the cardholder, or a representative from the bank. Then the money taken in return including the forbidden usury. This is the opinion taken by the bank ar-Rajihi.