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﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

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The Ruling on Investing in Bank al-Bilad

Machine translationRead the Arabic original
Question:
May Allah grant you success. There are many questions asking for your opinion on the matter of investing in Bank al-Bilad, and your advice in this affair?

Answer:
By Allah, I do not know Bank al-Bilad, nor do I know their system. And... and... I do not issue rulings on bank matters. Because, as you know, this is a wave of houses of riba (usury or interest) that we enter. The one who wants safety and has money to dispose of should deal with it himself: he sells and buys with it, or he gives it to someone he trusts to sell and buy through murabahah (a cost-plus sale) and mudarabah (a profit-sharing partnership), or he buys real estate and rents it out, or he builds houses to sell, or buys cars to sell, or fabrics, or food, or other things. Praise be to Allah, the means of livelihood are wide. He should not give it to the banks that immerse him in riba. The banks immerse your money in riba and give you from it; they give you from its fat and its sickness. Yes.
Source المساهمة في بنك البلاد — alfawzan.live

The Arabic text is a machine transcription of the audio recording.

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