Investing in Bank al-Bilaad funds

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.