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The question

What is the ruling on the savings plan in Saudi Aramco, according to which the company grants a bonus to the employee upon retirement or leaving work, knowing that there are conflicting fatwas concerning it?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

The savings system implemented in Aramco is forbidden (haram) because it is a loan that draws a benefit, as it guarantees the principal with a specified increase, resembling an interest-bearing loan. Prominent scholars have issued fatwas prohibiting this system, including the Permanent Committee for Issuing Fatwas and Sheikh Muhammad ibn Uthaymeen. In cases of scholarly disagreement, the common Muslim should follow the opinion of the most knowledgeable and trustworthy scholar.

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
18348
Imported
Translation status
Source text, unreviewed
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