What is the ruling on purchasing shares of Yansab Company, distributed by Sabic Company to employees at the founding price (ten riyals), with the employee given the choice to take them or leave them?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
"Yansab" shares are mixed shares that are impermissible to trade, because a portion of their capital has been deposited in interest-bearing accounts. The Islamic Fiqh Academy (OIC) and the Fiqh Council of the Muslim World League have both ruled against investing in companies that deal with interest (riba), as has the Permanent Committee for Scholarly Research and Ifta.
Summarized from the full answer at Ftawy · imported
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- Original fatwa ID
- 17612
- Imported
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