What must be done regarding owning shares in a telecommunications company that deposits its budget surpluses in usurious banks, and are the company's dealings and its share price related to usury?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to participate in the aforementioned company if it deposits a portion of the shareholders' funds in usurious banks, because a portion of each shareholder's money will then involve usury.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/56959
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 56959
- 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