Repentance and Abandoning Shareholding in Banks
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The fourth question of Fatwa No. ( 5088 )
Q4: I used to hold shares in banks and benefited from them to some extent. If it is forbidden and I intend to repent and distance myself from it, is that sufficient or not?
A4: First: You must repent and seek forgiveness for committing the crime of participating in this forbidden matter, and you must abandon it and withdraw your shareholding, so that perhaps Allah may accept your repentance. He, the Exalted, is the One who said:[Taha 20:82] . Second: You must dispose of the profits you obtained as a result of this shareholding by spending them on the poor and the needy.
And success is from Allah, and may Allah send prayers and blessings upon our Prophet Muhammad, his family, and his Companions.
Q4: I used to hold shares in banks and benefited from them to some extent. If it is forbidden and I intend to repent and distance myself from it, is that sufficient or not?
A4: First: You must repent and seek forgiveness for committing the crime of participating in this forbidden matter, and you must abandon it and withdraw your shareholding, so that perhaps Allah may accept your repentance. He, the Exalted, is the One who said:
But indeed, I am the Perpetual Forgiver of whoever repents and believes and does righteousness and then continues in guidance.
وَإِنِّي لَغَفَّارٌ لِمَنْ تَابَ وَآمَنَ وَعَمِلَ صَالِحًا ثُمَّ اهْتَدَىAnd success is from Allah, and may Allah send prayers and blessings upon our Prophet Muhammad, his family, and his Companions.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.