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The question

Is trading in Emaar Properties stock, given that the company owns a non-Islamic bank representing 4% of its value, Islamically forbidden? And is it permissible to continue trading in it while donating 4% of the profits as charity? What about past profits if the trading was forbidden or involved an element of doubt?

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

It is permissible to deal with the aforementioned company in its permissible activities, such as real estate. The existence of other prohibited activities by the company does not affect this. There is no objection to receiving annual profits resulting from investing shares in permissible ventures. However, it is not permissible to trade in the company's shares or own them if it does not differentiate between what is lawful and unlawful, such that the share represents an undivided stake in the company's assets, including the interest-based bank.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
64754
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.
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Read the full answer on Ftawy