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: FtawySummary from Ftawy's records · added here 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.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/115248
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 115248
- 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.
- Read the full ruling
- Read the full answer on Ftawy