The Ruling on Participating in Companies That Deposit Their Funds in Banks
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What is the ruling on subscribing to the pharmaceutical company, which apparently was established based on riba (usury or interest) and taking previous profits? What is the ruling on subscribing now?
We said: It is preferable to avoid all companies that deposit their funds in banks and take riba (usury or interest) on them. However, the prohibition of that does not make it forbidden; there is no harm in participating. If you receive profit from the riba (usury or interest), dispose of it by giving it in charity.
We said: It is preferable to avoid all companies that deposit their funds in banks and take riba (usury or interest) on them. However, the prohibition of that does not make it forbidden; there is no harm in participating. If you receive profit from the riba (usury or interest), dispose of it by giving it in charity.