Having shares in the Saudi-American Bank Question: Advise us, may Allaah increase you in knowledge, about the ruling of having shares in the Saudi-American Bank. Is it ribaa, since it trades in interest and is based upon interest, as we know? Response: The Saudi-American Bank and other banks, if they are based upon ribaa and trade inribaa, then […]
Ruling concerning farming tobacco and its profits Question: What is the Islaamic ruling regarding farming tobacco and the money earned by the farmers from selling it? Response: It is not permissible to farm tobacco, or to sell it and nor to smoke it because it is haraam in many ways: due to its harmful effects […]
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 […]