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Is it permissible to buy shares from companies that engage in Sharia-compliant investment transactions but deposit their money in interest-based (usurious) banks?

1 min readAlso available in العربية

It is forbidden for a company to deposit its money in interest-based (usurious) banks, unless it is compelled to do so due to the absence of an Islamic bank and fears for the shareholders' money. In such a case, it is permissible for the company to deposit its money in the bank and dispose of the usurious interest by spending it on general public welfare for Muslims.

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

Read the full answer on Ftawy