The Ruling on Shares in Companies with Riba-Based Income
Machine translationRead the Arabic original
Question:
This is a problem. The issue of shares in companies that have become industrial or productive, and whose income includes riba (usury or interest) due to deposits, is a problem now. The money they deposit in banks and take interest on has become a problem; the name of the company has changed.
Answer:
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 that money is not lawful for him, and the increase is not lawful for him, but his capital, yes. And these themselves are money, or are they properties? Productive. If they are productive, this is because he is selling his share in the company, yes.
This is a problem. The issue of shares in companies that have become industrial or productive, and whose income includes riba (usury or interest) due to deposits, is a problem now. The money they deposit in banks and take interest on has become a problem; the name of the company has changed.
Answer:
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 that money is not lawful for him, and the increase is not lawful for him, but his capital, yes. And these themselves are money, or are they properties? Productive. If they are productive, this is because he is selling his share in the company, yes.
Source
تحويل العملات — alfawzan.live (1:53)
The Arabic text is a machine transcription of the audio recording.