Does the savings plan in one of the companies – which allows an employee to save between 5% and 15% of their basic salary with two options for investment or non-investment, and the company commits to doubling the saved amount at the end of service regardless of the investment option – have the same ruling as the Aramco system?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
For participation in savings funds to be permissible, the following conditions must be met:
The deducted money must be invested in permissible projects, not in interest-based banks. The member's capital must not be guaranteed; rather, it should be subject to profit and loss. Otherwise, it becomes an interest-based loan. The member's profit from the fund must be a shared percentage, not a fixed amount.
Based on this, participation in this system, both in its investment and non-investment branches, is impermissible.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/77967
Where this answer came from
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- Ftawy
- Original fatwa ID
- 77967
- 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