What is the ruling on investing in banks in general?
Machine translationRead the Arabic original
Question:
What is the ruling on investing in banks in general?
Answer:
Investing in banks and in other enterprises. If it is free from riba (usury or interest), there is nothing wrong with it. But if it contains riba, it is not permissible, neither in banks nor in anything else. So do not invest except in something pure and honest, free from riba, gambling, gharar (excessive uncertainty in a contract), and ignorance.
What is the ruling on investing in banks in general?
Answer:
Investing in banks and in other enterprises. If it is free from riba (usury or interest), there is nothing wrong with it. But if it contains riba, it is not permissible, neither in banks nor in anything else. So do not invest except in something pure and honest, free from riba, gambling, gharar (excessive uncertainty in a contract), and ignorance.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم المساهمة في البنوك عموما؟ للشيخ الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.