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: FtawySummary from Ftawy's records · added here 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.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/71572
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 71572
- 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