Is investing in Sharia-compliant investment funds that deal with Saudi stocks permissible or forbidden, especially if done through interest-based banks?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
There is no objection to contributing to stock funds in which Islamic banks speculate, provided they adhere to the following -compliant conditions: that the profit ratio is shared between the two parties, that the capital is not guaranteed, that the company's activities are permissible, and that it does not deposit its money in interest-based banks. However, if interest-based banks are the ones speculating, then one should refer to specialized fatwas regarding the ruling on participating in them.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/66695
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 66695
- 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