A Comparative Analysis of Islamic and Conventional Credit Card in Pakistan under the Light of Maqasid Al-Shariah

https://doi.org/10.5281/zenodo.17950737

Authors

  • Abdul Samad PhD Researcher, Institute of Islamic Banking and Finance, IIUM
  • Sadheer Khan (Mufti Muhammad Hassan) PhD Scholar International Islamic University Malaysia (ISTAC, IIUM)
  • Syed Zia ul Din PhD Scholar in the Quran and Sunnah department of International Islamic University Malaysia (IIUM)

Abstract

This paper critically examines the ethical and structural differences between conventional and Islamic credit cards, emphasizing their alignment with the Islamic worldview (IWV) and the Maqasid al-Shariah (MAS). While conventional credit cards are often criticized for promoting riba (interest) and debt accumulation, emerging Islamic credit card models—such as Malaysia's Kurz Card—demonstrate that ethical, Shariah-compliant financial intermediation is feasible. Through a conceptual and comparative approach, this paper argues that credit card structured under Islamic principles may embody greater ethical integrity than conventional equivalents by promoting fairness, transparency, and social responsibility.

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Published

2025-12-16

How to Cite

Abdul Samad, Sadheer Khan (Mufti Muhammad Hassan), & Syed Zia ul Din. (2025). A Comparative Analysis of Islamic and Conventional Credit Card in Pakistan under the Light of Maqasid Al-Shariah: https://doi.org/10.5281/zenodo.17950737. `, 4(02), 2655–2666. Retrieved from https://assajournal.com/index.php/36/article/view/1189

Issue

Vol. 4 No. 02 (2025): Advance Social Science Archive Journal

Section

Articles