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
يَا أَيُّهَا الرُّسُلُ كُلُوا مِنَ الطَّيِّبَاتِ وَاعْمَلُوا صَالِحًا ۖ إِنِّي بِمَا تَعْمَلُونَ عَلِيمٌ
O you apostles, eat things that are clean, and do things that are good. We are surely cognisant of what you do.

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The ruling about having shares in companies and banks
Question
: What is the ruling about having shares in companies and banks’? And is it permissible for a shareholder (in a company or a bank) to sell shares, specifically after he has become a shareholder himself, to offices dealing in buying and selling (stockbrokers)? And from that which is possible is selling them (the shares) for more than the price that the shareholder paid. So what is the ruling about the profit which the shareholder makes every year from the value of the shares bought?

Response: Having shares in banks and companies that trade in ribaa is not permissible. And if the shareholder wants to rid himself of any ribaa in his shareholding, then he should sell his shares at market value and take the initial investment only. The rest he should give in charity, and it is not permissible for him to take anything from the profits of his shareholding or interest. However, if the shareholding was in a company which does not trade in ribaa, then it’s profits arehalaal.

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

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