AL-QURAN
TEXT, AUDIO AND TRANSLATION 
A Light in every home
            Wherever you are, you can turn to Huda and learn and enjoy in an atmosphere of decency, piety and inspiration
 The prophetic biography
The story of the greatest man ever lived

Q

Quest for promoting truth, justice, morality, harmony, wisdom and PEACE for the whole of humankind 
supervised by: Dr.Naji Bin Waqdan
audio
Al-Fathby Saud Al-Shuraim
لَهُ مَقَالِيدُ السَّمَاوَاتِ وَالْأَرْضِ ۖ يَبْسُطُ الرِّزْقَ لِمَنْ يَشَاءُ وَيَقْدِرُ ۚ إِنَّهُ بِكُلِّ شَيْءٍ عَلِيمٌ
He holds the keys of the heavens and the earth. He increases or decreases the provision of any one He will. He has knowledge of everything.

Alternative content

Zakaat Calculator
Zakat Caculator

Bank Saving
Use lowest amount held for 1 year

+ Gold & Silver
Monetary value

+ Money owed to you
Deposits, loans you made

+ Resale value of shares, stocks, bonds, etc.

Total

2.5 % of zakat

Vomu.org

Having shares in the Islaamic Bank
Question
: The Islaamic Bank has shares for sale and the value of each share is one hundred and ten US dollars ($110). And that which we have understood is that the bank in question does not trade in ribaa and that the money from the sale of the shares will be used in trading activities which are free from any dealings in interest. The profits will then be divided amongst the shareholders. So out of concern of falling into that which is impermissible, we request you to give a fatwa about whether this is permissible or not.

Response: It is permissible to have shares in a bank which does not trade in ribaa, and the profits which accrue from these shares are the result of trading which is not haraam , so it is halaal.

And with Allaah lies all success and may Allaah send prayers and salutations upon our Prophet (sal-Allaahu `alayhe wa sallam) and his family and his companions.

The Permanent Committee for Islaamic Research and Fataawa          fatwaonline.com

Leave a Reply

Your email address will not be published. Required fields are marked *

Archives

Hijri Calendar
    October 2020
    Safar - Rabi'ul Awal 1442
    S M T W T F S
    1
    13
    2
    14
    3
    15
    4
    16
    5
    17
    6
    18
    7
    19
    8
    20
    9
    21
    10
    22
    11
    23
    12
    24
    13
    25
    14
    26
    15
    27
    16
    28
    17
    29
    18
    1
    19
    2
    20
    3
    21
    4
    22
    5
    23
    6
    24
    7
    25
    8
    26
    9
    27
    10
    28
    11
    29
    12
    30
    13
    31
    14
Visits | 333426