What is the ruling on the savings plan practiced by Saudi Aramco, in which a percentage of the salary is deducted monthly, and upon retirement or resignation, the employee is given the total amount saved along with a gift from the company commensurate with their savings rate, such as being given 80% of what was saved if their savings rate was 8%, or the equivalent of what was saved if their savings rate was 10%?
Participation in the aforementioned savings scheme is impermissible because the principal is guaranteed, the profit is a fixed percentage of it, and the entity in which the money will be invested is unknown.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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