What is the ruling on the Islamic Harvest account, which is opened with a minimum of 100 dinars to enter monthly prize draws, and which banks claim is compliant with Islamic Sharia?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If the bank adheres to guidelines, there is no objection to depositing money with it and benefiting from encouraging prizes and gifts, provided that opening the account and paying fees are not for the purpose of entering a draw for a prize; because that would be considered gambling.
Summarized from the full answer at Ftawy · imported
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