What is the ruling on paying off debt to Al-Rajhi Bank through Bank AlJazira without interest, knowing that the employee stated the permissibility of this based on a fatwa from the bank's Sharia Supervisory Board?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If the bank has a reliable supervisory board and it has issued a that the transaction by which the debt was purchased is permissible, then there is no objection to following it in that, provided that the transaction was executed according to the controls set by this committee.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/120681
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- Ftawy
- Original fatwa ID
- 120681
- Imported
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- Source text, unreviewed
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