Digital banking, now halal
I&#x27;m intrigued by how they (almost?) classified digital wallets as haram due to the cash back benefits which can act as a form of interest payment between businesses.<p>Do normal credit cards there not have cash back benefits? Do credit cards exist or because naturally they would charge you interest, do they not exist? It&#x27;s interesting how there&#x27;s a whole different ecosystem of apps in the part of the world that most of the world lives in.<p>Digital wallets must not be something akin to the Discover or Charles Schwab app on your phone, I recall hearing about them because there was an MLM ponzi scheme in Vietnam recognized last month where users would receive 80% cashback on paying bills and you&#x27;d receive more depending on how many friends you onboarded (with the app having a $100 minimum deposit to open an account). I don&#x27;t know how that doesn&#x27;t instantly seem too good to be true, then again I guess MoviePass seemed too good to be true.