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The question

Is it permissible to hold shares of a company whose primary activity is halal, but which deposits a portion of its profits in interest-based banks or organizes competitions that involve an element of doubt, bearing in mind that these shares were granted as a bonus and were purchased by the parent company, which pledged to compensate for any loss in the first six months?

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

It is impermissible to purchase shares in companies that deal with usury (riba), even if their primary activity is permissible. This has been decided by the Fiqh Academy of the Organization of Islamic Cooperation and the Muslim World League. If the company also operates in forbidden fields, then these shares must be disposed of, either by selling them or relinquishing them. Any amount exceeding the initial capital must be disbursed in charitable ways.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Source platform
Ftawy
Original fatwa ID
63843
Imported
Translation status
Source text, unreviewed
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