How can one be certain that the Al-Raid Fund does not deal in usurious (riba-based) stocks, and is it sufficient to rely on the fatwa of Sheikhs Ibn Mani' and Al-Mutlaq that it is permissible, and on their supervision of it?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
We have no knowledge of the true nature of the "Al-Ra'id Fund" to be able to rule on it. We have previously mentioned the permissibility guidelines in earlier fatwas. Those fatwas can be reviewed, and the fund managers can be asked to ascertain if it deals in interest-bearing stocks.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/71121
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 71121
- 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