What is the ruling on purchasing shares in a telecommunications company (whose core business is permissible) that deposits its money in an interest-based bank or borrows from it, especially since the company encourages employees to buy shares by granting them the same amount they purchase (401k)?
It is not permissible to buy shares in this company, even if its activity were permissible, because it exploits a portion of the share assets to obtain usurious interest.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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