What is the ruling on the "Kunuz Al Qiyam" account from Dubai Islamic Bank, which offers chances to win daily and monthly prizes in exchange for deposited amounts, and whose mechanism has been approved by the Fatwa and Sharia Supervision Board of the Bank?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
There is no objection to the draws conducted by some banks on customer accounts, including them in a lottery to win incentive prizes, if the bank is Islamic and its Committee has approved this type of draw.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/106533
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