What is the ruling on borrowing from the company's savings fund - to which a percentage of the salary is deducted and the company contributes a certain percentage - for the purpose of purchasing real estate or cars?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to subscribe to a savings fund and benefit from what it offers, such as a benevolent loan (), if its dealings do not violate the provisions of Islamic and its funds are invested in what is permissible. However, if its dealings are forbidden, such as dealing with usury (riba), then it is not permissible to subscribe to it.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/184803
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 184803
- 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