Back to search
The question

How can a man divest himself of shares he bought from an interest-based bank?

Share this answer

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

It is not permissible to buy shares of banks or usurious companies, because that involves consuming usury (riba). The Messenger of Allah (peace and blessings be upon him) cursed the one who consumes usury and the one who feeds it. Whoever has bought such shares must repent and sell them. He is entitled only to his principal capital, and any excess should be spent on charitable causes. As for someone who is compelled to take the full amount, he must keep his principal capital and donate the usurious profits to good causes.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
18270
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy