What is the jurisprudential ruling on participating in investment units belonging to banks, knowing that they invest funds in: shares and securities related to shares of publicly traded joint-stock companies, shares in limited liability companies, public debt instruments issued by the government and public institutions, bonds issued by registered operating joint-stock companies, deposits and bank certificates of deposit, and other mutual investment funds?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to participate in investment units that invest in debts, loans, usurious bank deposits, or bank certificates of deposit; because it is a clear usurious transaction. Similarly, it is not permissible to invest in the shares of joint-stock companies that engage in prohibited activities or deal with usury, whether lending or borrowing.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/70969
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 70969
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy