What is the ruling of Islamic law on the "Post Guarantee" service, where a subscriber pays a monthly sum to receive a larger sum after a period, and what is the legitimate alternative if it is unlawful?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
A postal savings account or postal guarantee is a type of forbidden deposit, as a known percentage is deducted for the owner of the deposited amount and added to the principal, and this is precisely usury (riba). The Shariah-compliant alternatives for this transaction are , regulated by Shariah controls, and cooperative Takaful insurance.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/88545
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- Ftawy
- Original fatwa ID
- 88545
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- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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- Read the full answer on Ftawy