The Ruling on Investing in Riba-Based Banks
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Question:
Honorable Shaykh, what is the ruling on investing in riba (usury or interest) banks? It is known that the Riyadh Bank will soon offer shares for the establishment of this bank, and the share will be offered at one hundred riyals, and a person can sell it after a few weeks for thousands. What is the ruling on this action? May Allah reward you with good.
Answer:
The answer is in the question itself, because the questioner says "riba banks." As long as they are riba-based, it is not permissible to invest, it is not permissible to contribute to them, because if a person invests in riba banks, it means that he takes riba from them. And if he does not take riba from them, then he has helped them in cooperating in riba. The Prophet (peace and blessings be upon him)Sunan Ibn Majah 2277Hasan (Darussalam) and his servant cursed the one who eats riba and cursed those who cooperate with him in that. So if they remain riba banks, it is not permissible for a person to invest in them or to buy shares from them. Rather, he must stay away from them and seek his livelihood from permissible means, and praise be to Allah.
Honorable Shaykh, what is the ruling on investing in riba (usury or interest) banks? It is known that the Riyadh Bank will soon offer shares for the establishment of this bank, and the share will be offered at one hundred riyals, and a person can sell it after a few weeks for thousands. What is the ruling on this action? May Allah reward you with good.
Answer:
The answer is in the question itself, because the questioner says "riba banks." As long as they are riba-based, it is not permissible to invest, it is not permissible to contribute to them, because if a person invests in riba banks, it means that he takes riba from them. And if he does not take riba from them, then he has helped them in cooperating in riba. The Prophet (peace and blessings be upon him)
the Messenger of Allah (ﷺ) cursed the one who consumes usury, the one who pays it, those who witness it
لعن آكل الربا وموكله وشاهديه
Source
قناة «العلامة الدكتور صالح الفوزان»، محاضرات في العقيدة والدعوة-038-الفقه الأكبر|صالح الفوزان|كبار العلماء — youtube.com (55:40)
The Arabic text is a machine transcription of the audio recording.
