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The question

Is it permissible to deal in the shares of companies that deal with usurious banks if these companies are essential to the lives of Muslims, and if Muslims not participating in them leads to non-Muslims dominating them? And does the principle "warding off harm takes precedence over acquiring benefits" apply to this situation?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

The ruling on buying and selling shares of companies varies depending on the nature of their work:

1. Companies with permissible work: It is permissible to buy and sell their shares, unless they deal in usury (riba) or offer prohibited services.

2. Companies with prohibited work: It is not permissible to buy and sell their shares.

3. Companies with permissible work but engage in prohibited practices (like dealing in usury): It is not permissible to buy their shares, because the means to a permissible objective must be permissible, and the end does not justify the means.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
85166
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.
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Read the full answer on Ftawy