Is it permissible to hold shares of a company whose primary activity is halal, but which deposits a portion of its profits in interest-based banks or organizes competitions that involve an element of doubt, bearing in mind that these shares were granted as a bonus and were purchased by the parent company, which pledged to compensate for any loss in the first six months?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is impermissible to purchase shares in companies that deal with usury (riba), even if their primary activity is permissible. This has been decided by the Fiqh Academy of the Organization of Islamic Cooperation and the Muslim World League. If the company also operates in forbidden fields, then these shares must be disposed of, either by selling them or relinquishing them. Any amount exceeding the initial capital must be disbursed in charitable ways.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/63843
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 63843
- 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