The Savings System at SABIC
Machine translationRead the Arabic original
Question:
Sami from Dammam, go ahead, Sami. Peace be upon you. And upon you peace. Peace be upon you. May Allah keep you safe, Honorable Shaykh. Go ahead. I am an employee at SABIC, and I want to ask about the savings system at SABIC, the two types, which are the investor and the non-investor. Okay, thank you.
Answer:
My brother, the savings system is not permissible because it involves riba (usury or interest). A fatwa was issued by the Permanent Committee a long time ago prohibiting the savings system, yes.
The presenter:
May Allah reward you.
Sami from Dammam, go ahead, Sami. Peace be upon you. And upon you peace. Peace be upon you. May Allah keep you safe, Honorable Shaykh. Go ahead. I am an employee at SABIC, and I want to ask about the savings system at SABIC, the two types, which are the investor and the non-investor. Okay, thank you.
Answer:
My brother, the savings system is not permissible because it involves riba (usury or interest). A fatwa was issued by the Permanent Committee a long time ago prohibiting the savings system, yes.
The presenter:
May Allah reward you.
Source
قناة «العلامة الدكتور صالح الفوزان»، برنامج (فتاوى) (065) لمعالي الشيخ صالح الفوزان بتاريخ [1435-08-27] - كبار العلماء — youtube.com (33:44)
The Arabic text is a machine transcription of the audio recording.