Back to search
The question

Is it permissible to deal in the shares of companies that deal with usurious banks if these companies are essential to the lives of Muslims, and if Muslims not participating in them leads to non-Muslims dominating them? And does the principle "warding off harm takes precedence over acquiring benefits" apply to this situation?

Share this answer

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

The ruling on buying and selling shares of companies varies depending on the nature of their work:

1. Companies with permissible work: It is permissible to buy and sell their shares, unless they deal in usury (riba) or offer prohibited services.

2. Companies with prohibited work: It is not permissible to buy and sell their shares.

3. Companies with permissible work but engage in prohibited practices (like dealing in usury): It is not permissible to buy their shares, because the means to a permissible objective must be permissible, and the end does not justify the means.

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
85166
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy