How to Dispose of Interest-Based Funds
Machine translationRead the Arabic original
Question:
I inform Your Eminence that I am a shareholder in the American Bank, which deals in riba (usury or interest). When I learned of this, I withdrew some of the shares belonging to me, which included some money from the cause of riba?
Answer:
Shareholding in interest-based banks is not permissible. Shareholding in banks is not permissible because they deal in riba (usury or interest), and participating in them is a form of cooperation in sin and aggression.
If he receives profit from his share, he should give this profit in charity and not make it part of his wealth. Rather, he should spend it in channels of righteousness, such as helping some of the poor and needy, or repairing restrooms, or similar things that benefit people, and he should not make it part of his wealth.
I inform Your Eminence that I am a shareholder in the American Bank, which deals in riba (usury or interest). When I learned of this, I withdrew some of the shares belonging to me, which included some money from the cause of riba?
Answer:
Shareholding in interest-based banks is not permissible. Shareholding in banks is not permissible because they deal in riba (usury or interest), and participating in them is a form of cooperation in sin and aggression.
If he receives profit from his share, he should give this profit in charity and not make it part of his wealth. Rather, he should spend it in channels of righteousness, such as helping some of the poor and needy, or repairing restrooms, or similar things that benefit people, and he should not make it part of his wealth.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.