What is the ruling on investing in Safola and other companies?
Machine translationRead the Arabic original
Question:
We have received more than twenty questions regarding investments in these days in Safola and other companies. What is your view, Your Eminence, on this? Very good.
Answer:
All companies are of one degree. Companies that deal in riba (usury or interest), where their funds are returned to banks through riba, are not to be dealt with, and one should not invest in them. However, if they employ lawful matters and lawful transactions, one should invest in them and legislate accordingly.
We have received more than twenty questions regarding investments in these days in Safola and other companies. What is your view, Your Eminence, on this? Very good.
Answer:
All companies are of one degree. Companies that deal in riba (usury or interest), where their funds are returned to banks through riba, are not to be dealt with, and one should not invest in them. However, if they employ lawful matters and lawful transactions, one should invest in them and legislate accordingly.
Source
قناة «فضيلة الشيخ ابن باز Alsheikh Binbaz»، 405 ما حكم المساهمة في شركة سافولة وغيرها؟ للإمام ابن باز — youtube.com
The Arabic text is a machine transcription of the audio recording.