Shares in companies that have entered into riba (usury or interest)
Machine translationRead the Arabic original
The questioner:
What is the problem with the issue of shares in companies that are originally industrial or productive, but then riba (usury or interest) enters them because of the deposits of money they make in banks and take interest on them? This has become a problem now; it has become a problem.
The Shaykh:
So, a person has a nearby way out, and Allah knows best, which is that he sells them and takes his capital, and puts the rest in a project to get rid of them, because this money is not lawful for him; the increase is not lawful for him, but as for his capital, he takes it; this is his capital.
Another questioner:
Go ahead. Now they exchange shares; he has a share in one company and exchanges it for shares in another company.
The Shaykh:
Are these shares considered money, or are they considered property?
The questioner:
What is this girl?
The Shaykh:
Productive. If they are productive, there is nothing wrong with it, because he is selling his share in the company. Yes.
What is the problem with the issue of shares in companies that are originally industrial or productive, but then riba (usury or interest) enters them because of the deposits of money they make in banks and take interest on them? This has become a problem now; it has become a problem.
The Shaykh:
So, a person has a nearby way out, and Allah knows best, which is that he sells them and takes his capital, and puts the rest in a project to get rid of them, because this money is not lawful for him; the increase is not lawful for him, but as for his capital, he takes it; this is his capital.
Another questioner:
Go ahead. Now they exchange shares; he has a share in one company and exchanges it for shares in another company.
The Shaykh:
Are these shares considered money, or are they considered property?
The questioner:
What is this girl?
The Shaykh:
Productive. If they are productive, there is nothing wrong with it, because he is selling his share in the company. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 10 من 89|شرح العدة في شرح العمدة|البيوع|باب الربا|صالح الفوزان|الفقه|كبار العلماء — youtube.com (1:04:56)
The Arabic text is a machine transcription of the audio recording.
