The ruling on investing in a company that engages in prohibited transactions
Machine translationRead the Arabic original
Question:
Honorable Shaykh, many people ask about the ruling on investing in the telecommunications company, knowing that it engages in prohibited transactions such as gambling and maysir (gambling), as in the matter of number seven hundred and depositing money in riba (usury or interest) banks. So I ask for clarification?
Answer:
If it engages in prohibited transactions, then it is not permissible to invest in it. If it engages in prohibited transactions and gambling competitions, then it is not permissible to invest in it. Yes.
Honorable Shaykh, many people ask about the ruling on investing in the telecommunications company, knowing that it engages in prohibited transactions such as gambling and maysir (gambling), as in the matter of number seven hundred and depositing money in riba (usury or interest) banks. So I ask for clarification?
Answer:
If it engages in prohibited transactions, then it is not permissible to invest in it. If it engages in prohibited transactions and gambling competitions, then it is not permissible to invest in it. Yes.
Source
شرح بلوغ المرام من أدلة الأحكام [ صالح الفوزان ]، باب الترغيب في مكارم الأخلاق — islamhouse.com (1:00:42)
The Arabic text is a machine transcription of the audio recording.