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: FtawySummary from Ftawy's records · added here 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.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/17612
Where this answer came from
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- Ftawy
- Original fatwa ID
- 17612
- 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