Investing in Bank al-Bilaad funds
Question

                What is the ruling on investing in the following Bank al-Bilaad investment funds: muraabih, sayf and asaayil?.
Praise be to Allah.Firstly: 
We have 
    already discussed the ruling on signing up with Bank al-Bilaad, in the 
    answer to question no. 46588.
    Secondly: 
From 
    examining the funds system on the official website of the bank mentioned, 
    the following becomes clear: 

    1-The muraabih fund is based on 
    investing deposited funds in commercial muraabahah operations which include 
    buying different kinds of products – apart from gold and silver – then 
    selling them for a higher price than the purchase price so as to earn a 
    profit, in accordance with the rulings of Islamic sharee’ah.

    2-The asaayil fund is based on 
    investing money in stocks in Saudi companies, in accordance with the rulings 
    of Islamic sharee’ah.

    3-The sayf fund is based on 
    investing money in selected Kuwaiti stocks in accordance with the shar’i 
    guidelines.
Dr. Yoosuf 
    al-Shubayli, a member of the bank’s watchdog committee, has stated that the 
    asaayil and sayf funds which have to do with stocks do not involve investing 
    money in companies that lend or give riba (interest), and that the muraabih 
    funds has to do with trading in permissible merchandise on the basis of 
    purchase with payment at a later date. 
End quote 
    from the website of Dr. al-Shubayli. 
If the 
    matter is as described, there is nothing wrong with investing in these 
    funds. 
And Allaah 
    knows best.