Is it permissible to buy shares from companies that engage in Sharia-compliant investment transactions but deposit their money in interest-based (usurious) banks?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is forbidden for a company to deposit its money in interest-based (usurious) banks, unless it is compelled to do so due to the absence of an Islamic bank and fears for the shareholders' money. In such a case, it is permissible for the company to deposit its money in the bank and dispose of the usurious interest by spending it on general public welfare for Muslims.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/39238
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 39238
- 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.
- Read the full ruling
- Read the full answer on Ftawy