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The question

What is the ruling on company savings programs if the savings are without investment?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

The aforementioned savings program cannot be judged due to its unclear nature. If the program is merely a means of storing money with the company for retrieval without interest, then there is no harm in it, unless the company predominantly engages in prohibited activities or uses the funds for unlawful purposes, in which case, saving with them is impermissible.

Summarized from the full answer at Ftawy · imported

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Ftawy
Original fatwa ID
126244
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