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What is the ruling regarding Kafala from Meezan Bank?

الاستفتاء

What is the ruling regarding Kafala from Meezan Bank? And what is the ruling regarding storing money in a savings account in Meezan Bank, and earning a profit? Also, what is the ruling regarding a donator or guess eating food from the madrasa, as it is usually from the money of Zakat or charity?

الجواب حامدا و مصلیا

According to our research, most of the transactions that take place in Meezan Bank is supervised and managed by a Shari’ah board consisting of certified scholars. For this reason, storing money in a savings account in Meezan Bank and applying for Kafala will be permissible on the condition that they have been approved by the Shari’ah board.