Using the hadith of the one-third as evidence for investing in mixed companies
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Question:
Honorable Shaykh, may Allah grant you success. He says: Some people cite the saying of the Messenger of Allah (peace and blessings be upon him), “One-third is a lot,” as evidence for the permissibility of investing in companies and banks where more than two-thirds of their activity is Islamic.
Answer:
This is inverted reasoning. It is not permissible to invest in companies that have forbidden earnings, such as riba (usury or interest), gambling, or anything else. This is not permissible, even if the amount is small. It is not permissible to invest in them. Invest in pure companies. Yes.
Honorable Shaykh, may Allah grant you success. He says: Some people cite the saying of the Messenger of Allah (peace and blessings be upon him), “One-third is a lot,” as evidence for the permissibility of investing in companies and banks where more than two-thirds of their activity is Islamic.
Answer:
This is inverted reasoning. It is not permissible to invest in companies that have forbidden earnings, such as riba (usury or interest), gambling, or anything else. This is not permissible, even if the amount is small. It is not permissible to invest in them. Invest in pure companies. Yes.
Source
شرح إغاثة اللهفان من مصائد الشيطان لابن القيم، فصل ومن كيده العجيب : أنه يشام النفس حتى يعلم أي القوتين تغلب عليها — islamhouse.com (1:09:20)
The Arabic text is a machine transcription of the audio recording.