Ruling on investing in the al-Baraka Banking Group
Question

                There is a banking group called al-Baraka Banking Group (www.albaraka.bh). Is it permissible to invest in their programs and use their financial products? This group appears to be an Islamic bank. What is the ruling on joining and dealing with this group?
Praise be to Allah.
    The al-Baraka Banking Group adheres in its programs and goals 
    to Islamic sharee‘ah, and contributes to reviving and propagating Islamic 
    banking. It has a sharee‘ah board that supervises activities. 

    Therefore the basic principle is that it is permissible to 
    invest in its programs and products, so long as there does not appear to be 
    anything wrong in any of those programs, in which case one should avoid 
    investing or dealing in those programs. 

    We only say this because in some Islamic banks there are some 
    things that are contrary to Islam, such as organized tawarruq involving metals , or stipulating a penalty for any delay in credit card payments or some 
    irregularities in muraabahah transactions, or stipulating that a percentage 
    be paid when making withdrawals with one’s credit card. Statements have been 
    issued by the Islamic Fiqh Council that these transactions are haraam, but 
    the group referred to had adhered to the opinion of their Sharee‘ah Board 
    concerning them. Hence we cannot rule that all transactions done by Islamic 
    banks are valid. However the basic principle is that transactions are 
    permissible, but one should be prudent and ask about the transactions that 
    are subject to differences of opinion, such as those referred to above. 

    And Allah knows best.