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The question

Is there any obligation upon the questioner for selling SABIC shares immediately after purchasing them in the year 1432 A.H. to avoid usury, based on the bank employee's advice that holding them would involve usury?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

If a person sold his shares in "SABIC" company before receiving profits from the company's investments, then the price is permissible. However, it is not permissible to return to buying shares in this company if it deals with usury, whether through borrowing or investing, because the basic principle is the prohibition of contributing to companies that deal with usury, as stated in the resolution of the Islamic Fiqh Council of the Muslim World League. If he bought unaware, he must withdraw immediately upon learning of it.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
125262
Imported
Translation status
Source text, unreviewed
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