What is the ruling on the million-Egyptian-pound certificate issued by the National Bank of Egypt, with no immediate or deferred returns on it?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is not permissible to purchase this certificate, as it relies on draws for financial prizes, with the possibility of redeeming its value after one year. Thus, it does not differ from prohibited investment certificates.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/71572
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- Ftawy
- Original fatwa ID
- 71572
- Imported
- Translation status
- Source text, unreviewed
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