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)?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
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 · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/50432
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- 50432
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