Back to search
The question

Is it permissible to trade shares of foreign companies that produce permissible goods (halal) and do not deal with Islamic banks, through an Islamic broker, while disposing of the usurious portion of the profit?

Share this answer

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

It is not permissible to contribute to companies that deposit their money in usurious banks, because that involves dealing with and being content with usury. Therefore, the fact that the company's original dealings are in permissible things, or that it intends to dispose of the usurious interest, is not a justification for contributing to it.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Source platform
Ftawy
Original fatwa ID
48950
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy