The following is the translation of an answer by Ustadh Abu Khaled al-Hejazi, please refer to the Arabic original for exact meanings. Question What is the rule on receiving ‘ cashback ’ from electronic wallets or payment wallets? Many of the electronic wallets give a cashback of 5% and sometimes even more upon using their wallets to make payments such as the electricity bill and so on, is this ‘cashback’ considered from Riba? In addition to this when these electronic wallets are recharged, we receive more than the amount we recharge for. For eg, if we recharge the payment wallet for 100 Riyals we receive 110 Riyals in our electronic wallet, is this additional amount riba, this is while keeping in consideration the fact that these wallets are not banks. Answer The electronic wallet is a digital application which organizes payments digitally, and it includes a wallet which stores the users details in an encrypted form on the application or the server of the payment w...
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