What is the ruling on freezing a sum of money in a bank account in exchange for the bank providing a document confirming the reservation of the amount for a period of one year and one day in favor of a fund manager, who uses this document in permissible European commercial programs and provides profits commensurate with the reserved amount?
It is permissible to deal with Islamic banks that invest deposited money according to the Sharia-compliant Mudarabah system, where profit is shared between the two parties as per agreement, and loss is borne by the capital unless there is misconduct or negligence on the part of the bank. It is not permissible to deal with any others.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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