Assessing Financial Transaction Bank Credit Cards According to Islamic Banking System

This research explored the historical background to bank credit cards, the development of using plastic cards, classification of bank cards, characteristics and benefits of each class of cards. The research intends to address presumed problems such as: what are bank credit cards? How it has been developed? What are the international organization that introduced plastic cards? How these companies settle the payment between the card holder, the bank where he opened account and the business center, where he purchased goods or enjoyed services? Descriptive analytical methodology was employed for analysis whereby the research described type of bank cards, classified them and then collaborate analysis with the usage and benefits of each card. The thrust of the paper is to explore the views of Shariah Law pertaining the legality of using plastic bank credit cards, describing the acts and behavior which is not lawful according to provisions of Shariah Law. Moreover it includes the legal basis for collecting fees by bank managements on services being offered to credit card holders. Key words: Bank credit cards. Visa, Master card, Amex, American express, Juristic resolution, Fatwas International Islamic juristic assembly.