Back to search
The question

Is it permissible to own shares in the "Yansab" company, which some scholars have reservations about, and what should one do if the company compels an employee to own them?

Share this answer

Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

It is impermissible to purchase shares in the "Yansab" company because it is a mixed company that deals with riba (interest/usury). The resolution of the Fiqh Academy stipulated the impermissibility of investing in companies that occasionally engage in prohibited dealings, even if their primary activities are lawful. However, if the company obliges an employee to own shares and there is no alternative, and the employee is compelled to do so, then the employee is excused in Islamic law.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
90726
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