What is the ruling on the savings plan practiced by Saudi Aramco, in which a percentage of the salary is deducted monthly, and upon retirement or resignation, the employee is given the total amount saved along with a gift from the company commensurate with their savings rate, such as being given 80% of what was saved if their savings rate was 8%, or the equivalent of what was saved if their savings rate was 10%?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Participation in the aforementioned savings scheme is impermissible because the principal is guaranteed, the profit is a fixed percentage of it, and the entity in which the money will be invested is unknown.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/33914
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 33914
- 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