Back to search
The question

Is it permissible to buy shares from companies that engage in Sharia-compliant investment transactions but deposit their money in interest-based (usurious) banks?

Share this answer

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

It is forbidden for a company to deposit its money in interest-based (usurious) banks, unless it is compelled to do so due to the absence of an Islamic bank and fears for the shareholders' money. In such a case, it is permissible for the company to deposit its money in the bank and dispose of the usurious interest by spending it on general public welfare for Muslims.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
39238
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy