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What is the ruling on disposing of riba-based Al-Riyad Bank shares that a father gifted to his daughter after she grew up? Is it permissible to sell them and trade with their proceeds in the shares of pure companies, or to donate them as charity?

1 min readAlso available in العربية

It is not permissible to buy shares in usurious banks. Anyone afflicted by them must repent to Allah, take their principal capital, and dispose of the remainder by spending it on the welfare of Muslims. The original principle is not to sell these shares but to return them to the bank. If this is not possible, then it is permissible to sell them, take only the principal capital, and dispose of the rest. If the shares were bought without the shareholder's knowledge, then they should take the entire amount (principal and interest), keep their principal, and donate the interest because it is usury. As for investing in companies and banks that deal with usury, it is not permissible. When disposing of such an investment, the shareholder should sell their shares and take only their original principal capital, spending the remainder on charitable causes. It is not permissible for them to take anything from its usurious profits. However, if the investment is in a company that does not deal with usury, then its profits are permissible. "And whoever gives up something for the sake of Allah, Allah will compensate him with something better."

Summarized from the full answer at Ftawy · reviewed Sep 2, 2026

Read the full answer on Ftawy