On holding shares in Al-Qasim Agricultural Company


395

Q 2: What is the ruling on holding shares in companies that are being advertised a lot recently? It should be noted that people say that these companies deposit in banks the funds in which citizens have purchased shares, and that they take the interest on them before actually starting any business and establishing the company.


A: If the reality is as you have mentioned, it is Haram (prohibited) to hold shares in these companies, because this involves dealing in Riba (usury/interest). May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.




Tags:




Women in other cultures