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What is the ruling on dealing with the Arab Gold Bank online?

1 min readAlso available in العربية

The mentioned bank does not meet the conditions for a valid Mudarabah (profit-sharing) contract, as it agrees with investors on a guaranteed and predetermined daily profit. Guaranteeing capital or profit in Mudarabah is impermissible, just as it is impermissible to make the profit a percentage added to the capital. This invalidates the Mudarabah contract by scholarly consensus. Additionally, investing in global markets carries many significant risks that are difficult to avoid. Therefore, it is impermissible to deal with this bank.

Summarized from the full answer at Ftawy · reviewed Sep 2, 2026

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