Is it permissible to benefit from prizes offered by a savings account in an Islamic bank, given that these prizes are not derived from Mudarabah but from funds specifically allocated for that purpose?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
Depositing money into a savings account with an Islamic bank for investment, where the account holder receives a share of the profit, is considered Mudarabah (profit-sharing) and is subject to its rulings. The opinion that permits the bank to withdraw from these funds and include them in a lottery for promotional prizes is the most prominent, provided that these prizes are paid from the bank's own funds and not from the profits of the investment accounts.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/188986
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- Original fatwa ID
- 188986
- Imported
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