Text copied Link copied

Al-Fatawa – home

﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

Scholar
Search mode

What is the ruling on investing in Bank al-Bilad?

Machine translationRead the Arabic original
Question:
Honorable Shaykh, 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 its system, and I do not issue rulings on bank matters because, as you know, they are houses of riba (usury or interest), so we do not enter into them. The one who wants, the one who wants safety and has money to dispose of, he should trade in it himself, buying and selling, and not give it to someone he trusts to buy and sell for him through murabahah (a cost-plus sale) or mudarabah (a profit-sharing partnership), or buy real estate and rent it out, or renovate houses and sell them, or buy cars and sell them, or fabrics, or food, or anything else.
Praise be to Allah, the means of livelihood are wide; do not give it to the banks that immerse it in riba. The banks immerse your money in riba and give you from it, they give you from its fat and its broth. Yes.
Source قناة «العلامة الدكتور صالح الفوزان»، [533 -1024] ما حكم المساهمة في بنك البلاد؟ - الشيخ صالح الفوزان — youtube.com

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

Flag this fatwa