Is it permissible to transfer the debt from one card to an Islamic card? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Is it permissible to transfer the debt from one card to an Islamic card?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

If there's a debt transfer program, calculate the cost of closing the old card, the fees or installments for the new program, and the total term.

Don't consider the transfer a saving until you've compared the total amount paid.

The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.

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