What is the ruling on subscribing to Albilad Bank shares?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The Committee of Bank Albilad issued a ruling permitting subscription in the bank, due to its full commitment to applying Islamic Sharia in all its transactions and its oversight of the implementation thereof. It is also permissible to buy, sell, and trade the bank's shares. However, it is not permissible for a subscriber to use another person's name in the subscription. It is permissible to borrow the subscription amount through a (benevolent loan) and to participate in the capital and profit.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/18333
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 18333
- 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