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The question

Is it permissible to perform the Hajj obligation by guaranteeing investment certificates from Faisal Islamic Bank?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

It is permissible to obtain funds from an Islamic bank for the purpose of Hajj or other needs, provided that the transaction is legitimate, such as a Tawarruq (monetization) or a Qard Hasan (benevolent loan). The permissibility of the transaction is not affected by it being secured by an investment deposit. Islamic banks' transactions are generally permissible. The detailed ruling on investment certificates and their profits depends on the extent to which the bank adheres to Sharia compliance in its investments.

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
170963
Imported
Translation status
Source text, unreviewed
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