Is it permissible to deal in the shares of a service company that offers great projects to the country, but 60% of its profits result from its purchase of shares in usurious banks, given the absence of Islamic oversight?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Dealing in shares is permissible under -compliant conditions; otherwise, it is forbidden. If a company announces that 60% of its profits are usurious, then it is forbidden to buy or deal in its shares. Whoever has bought them must repent and dispose of the illicit gains by spending them on the welfare of Muslims, and nullify the contract and return the shares if possible. If not possible, then repentance and disposing of the profits are sufficient. It is not permissible for him to sell these shares.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/71439
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 71439
- 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