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The question

What is the ruling on dealing in bank shares, and if they are unlawful, is it permissible to sell them and benefit from the cash?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

It is not permissible to buy shares of companies that deal in usury, whether through lending or borrowing. If a person buys shares of a company and then learns that it deals in usury, he must withdraw from it. The prohibition of usury is clear in Islamic law, and buying shares of usurious companies means that the buyer participates in usurious dealings, as the share represents a part of the company's capital, and the shareholder owns a common share in the company's assets. If buying these shares is prohibited, then selling them is also prohibited.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
72469
Imported
Translation status
Source text, unreviewed
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