What is the ruling on subscribing to the National Bank's IPO?

Subscribing to National Bank shares is prohibited due to its usurious dealings. The Permanent Committee for Issuing Fatwas has ruled that it is forbidden to subscribe to or invest in banks and companies that engage in usury, whether through buying, selling, or investing. This is based on the evidence found in the prohibition of usury and the prohibition of cooperating in sin and aggression, as well as the consensus of the Muslim community regarding the prohibition of usury.