Investment in banks that do not deal in riba
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Fatwa number ( 4512 )
Q: The Islamic bank has shares for sale, with the value of one share being one hundred and ten US dollars. We understood that the aforementioned bank does not deal in riba, and that the value of the shares is invested in commercial activities free from riba transactions, and that the profits are distributed among the beneficiaries. Out of fear of falling into what is prohibited, we hope to receive a ruling on whether this is permissible or not.
A : It is permissible to invest in banks that do not deal in riba. The profit obtained by the investor from the bank, which is the result of a transaction that is not forbidden, is lawful.
Q: The Islamic bank has shares for sale, with the value of one share being one hundred and ten US dollars. We understood that the aforementioned bank does not deal in riba, and that the value of the shares is invested in commercial activities free from riba transactions, and that the profits are distributed among the beneficiaries. Out of fear of falling into what is prohibited, we hope to receive a ruling on whether this is permissible or not.
A : It is permissible to invest in banks that do not deal in riba. The profit obtained by the investor from the bank, which is the result of a transaction that is not forbidden, is lawful.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.