The Ruling on the Profits of Islamic Banks and Working in the Stock Market

The questioner:
In the name of Allah, the Most Gracious, the Most Merciful. All praise is due to Allah, Lord of the worlds. And may the prayers and peace be upon the noblest of the prophets and messengers, our master and our prophet Muhammad (peace and blessings be upon him), and upon his family and all his companions. May Allah bless you and benefit us with your knowledge, and may Allah reward you with the best reward for us and for the Muslims. The questioner says: Honorable Shaykh, what is your opinion regarding the profits of Islamic banks? And what is the ruling on working in the stock market and participating in it with money?

The Shaykh:
Every transaction that does not contain riba (usury or interest). Every transaction that is free from riba is halal (lawful). And every transaction that contains riba is haram (forbidden), whether in banks, in the stock market, or elsewhere. Yes.

The presenter:
Yes.

The Shaykh:
The criterion is not the names; the criterion is the realities. Yes.