What is the ruling on participating in the "Al Naim" Islamic Investment Fund of the National Bank of Abu Dhabi, taking into consideration the fund's operational method, including deposit and withdrawal fees and the availability of a Sharia supervisory board?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Some general regulations for the permissibility of participating in investment funds are mentioned, namely: that both the capital and the fund manager have a pro-rata share of the profit, that the capital is not guaranteed, that the fund's shares belong to a company that conducts permissible activities and does not place its money in interest-based banks, and that the capital bears only the necessary actual expenses. If it does not adhere to the aforementioned regulations, participation in it is not permissible.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/73734
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 73734
- 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