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The question

What is the ruling on financially supporting horse races?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

It is permissible to donate to horse races and receive a prize for it, based on the : "There is no prize (sabaq) except in archery, camel racing, or horse racing." Sabaq refers to the عوض (compensation/prize) or جائزة (award). Nasi (نصل) refers to arrows, khuff (خف) to camels, and hafir (حافر) to horses. The hadith indicates the permissibility of spending money on horse racing, whether by the competitors themselves or an external party. Ibn Baz and Al-Fawzan have issued fatwas (religious edicts) permitting this, with the condition that the intention behind the donation is not for ostentation (riya') or seeking fame (sum'ah), and that the donation does not involve extravagance (israf).

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Ftawy
Original fatwa ID
22523
Added here
. This is when the answer was added to El Fatwa, not the fatwa's date.
Text
Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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Read the full answer on Ftawy