What is the ruling on dealing with Abu Dhabi Islamic Bank by depositing an amount in the form of Islamic sukuk with a variable murabaha and a sharia agency contract, knowing that they offer an Islamic murabaha to the employee at a fixed rate, which is considered a disguised loan?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not possible to rule on the aforementioned transaction without knowing its details. However, investing money in banks is subject to the following -compliant conditions: The money must be invested in permissible activities, the capital must not be guaranteed by the bank, and the profit must be determined as a common percentage of the profit, not of the capital. If the investment deposit is conducted according to these controls, then there is no objection 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/121706
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 121706
- 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