What is the ruling on investing in an investment fund that invests in shares listed on the Egyptian Exchange and in investment instruments with fixed and variable returns, and distributes semi-annual profits?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Investment funds managed by usurious banks do not adhere to compliance, whether regarding usurious interest or the purchase of shares in prohibited companies. The violation might stem from the speculative stock market system, which is based on impermissible practices according to Sharia. Therefore, it is not permissible to subscribe to an investment fund unless its prospectus declares it to be Islamic, and it is known from its nature and the nature of its operators that it adheres to Sharia guidelines.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/86735
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 86735
- 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