What is the ruling on subscribing to Albilad Bank shares?

The Sharia Committee of Bank Albilad issued a ruling permitting subscription in the bank, due to its full commitment to applying Islamic Sharia in all its transactions and its oversight of the implementation thereof. It is also permissible to buy, sell, and trade the bank's shares. However, it is not permissible for a subscriber to use another person's name in the subscription. It is permissible to borrow the subscription amount through a Qard Hasan (benevolent loan) and to participate in the capital and profit.