What is the method for getting rid of riba (usury or interest) profits and shares?
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Question:
I bought one hundred shares from one of the companies, and then it became clear to me after the profits that this company... The questioner says: I bought one hundred shares from one of the companies, and then it became clear to me after the profits that this company is originally permissible but is riba-based. The question is: after I learned that it is riba-based, I did not receive the profits. What do I do now with the profits?
Answer:
I asked before; a person asks about something before. But after he gets involved, he goes and asks. This is difficult. And shares contain confusion, they contain ignorance, they contain gharar (excessive uncertainty in a contract), and they contain many matters.
The one who wants to earn and sell and buy should sell with clear goods that have no problem. This is more purifying for his conscience and better. And since this has happened, or if it has happened, he repents to Allah the Exalted and gets rid of what he received of riba (usury or interest) by giving it to the needy, getting rid of it. And what he did not receive, he leaves it. What he did not receive, he leaves it. He takes only his capital. Yes. The Honorable Shaykh says: The questioner... So if she sold the shares with a profit, she takes her capital and gets rid of the rest. Yes.
I bought one hundred shares from one of the companies, and then it became clear to me after the profits that this company... The questioner says: I bought one hundred shares from one of the companies, and then it became clear to me after the profits that this company is originally permissible but is riba-based. The question is: after I learned that it is riba-based, I did not receive the profits. What do I do now with the profits?
Answer:
I asked before; a person asks about something before. But after he gets involved, he goes and asks. This is difficult. And shares contain confusion, they contain ignorance, they contain gharar (excessive uncertainty in a contract), and they contain many matters.
The one who wants to earn and sell and buy should sell with clear goods that have no problem. This is more purifying for his conscience and better. And since this has happened, or if it has happened, he repents to Allah the Exalted and gets rid of what he received of riba (usury or interest) by giving it to the needy, getting rid of it. And what he did not receive, he leaves it. What he did not receive, he leaves it. He takes only his capital. Yes. The Honorable Shaykh says: The questioner... So if she sold the shares with a profit, she takes her capital and gets rid of the rest. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما كيفية التخلص من الأرباح والأسهم الربوية؟ للشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.