What is the ruling on opening an "Albilad" account at Albilad Bank, which offers the customer unspecified monthly profits when depositing 20,000 or more?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If the amount is to be placed in an investment account and invested in lawful ventures according to the system of (profit-sharing) and the like, then there is no harm in the profits generated from it, especially since the country's accounting system relies on the principle of Mudarabah, which is in conformity with the rulings of Islamic Law.
Summarized from the full answer at Ftawy · imported
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- Original fatwa ID
- 115248
- Imported
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