The Ruling on Subscribing to Bank Shares
Machine translationRead the Arabic original
Question:
Abu Fahd from Jazan. Hello, yes, peace be upon you. And upon you be peace. Peace. May Allah keep you safe. Please go ahead. The first question: I am asking about subscriptions in banks. I do not know if they are lawful or forbidden. We do not know about them; we subscribe and we do not know anything. Okay, the Shaykh will answer.
Answer:
What is the question? He says: subscriptions in banks. Banks that do not have riba (usury or interest), banks that do not have riba, but rather operate with permissible transactions, there is nothing wrong with them. As for riba banks, it is not permissible for you to invest in them.
Abu Fahd from Jazan. Hello, yes, peace be upon you. And upon you be peace. Peace. May Allah keep you safe. Please go ahead. The first question: I am asking about subscriptions in banks. I do not know if they are lawful or forbidden. We do not know about them; we subscribe and we do not know anything. Okay, the Shaykh will answer.
Answer:
What is the question? He says: subscriptions in banks. Banks that do not have riba (usury or interest), banks that do not have riba, but rather operate with permissible transactions, there is nothing wrong with them. As for riba banks, it is not permissible for you to invest in them.
Source
قناة «العلامة الدكتور صالح الفوزان»، 2484 - حكم الاكتتاب في البنوك - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.