To Purchase Riba-bearing Shares
Stock Market and Bonds
Is it permissible to purchase some shares of a bank that deals in riba? Is buying and selling these shares on the...
Q: Is it permissible to purchase some shares of a bank that deals in riba? Is
buying and selling these shares on the same day allowed? And what about long
term or short term investment of these shares? Also, is this ruling a fatwa or a
cautionary issue?
A: Purchasing riba-bearing shares is absolutely impermissible. The ruling
mentioned is a clear-cut fatwa.
Q: Is it permissible to purchase some shares of a bank that deals in riba for
the appreciation in their value and not for the shares’ profit?
A: Buying the shares of a bank or a financial organization that deals in riba is
not permissible.
Applications
