What is the ruling of Sharia on taking an amount of 45,0 EGP from the Employees' Welfare Fund at a bank, after paying 120 EGP monthly for 10 years?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
This transaction is usurious and impermissible, because it is a loan with an increase. The Shariah-compliant method is to invest funds in permissible (profit-sharing), and distribute the profit among the members on a pro-rata basis according to the initial agreement. It should be noted that it is not permissible to work in Riba-based banks except in cases of extreme necessity.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/41185
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 41185
- 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