Is it permissible to enter a lottery for state-owned lands, organized by a conventional bank, with the condition of depositing a sum of money in the bank to participate?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to participate in a lottery for land organized by a usurious bank, even if it requires opening an account and depositing money therein, provided that opening the account is limited to the extent of the need, such as a current account. If the deposit results in usurious gains (riba), these must be disposed of by spending them on the welfare of Muslims or giving them to the poor and needy. When the need ceases, the account must be closed.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/142516
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 142516
- 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