So, is it permissible for me to take this money as it is [if I sell my share], knowing that the shares in Riyad Bank were bought without our knowledge all this time?
Category: Fatwa Focus
Having shares in companies and banks
What is the ruling about having shares in companies and banks’?
Having shares in the Saudi-American Bank
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?
Having shares in the Islaamic Bank
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.
Employee of a bank wishes to perform Hajj using his earnings
I am an employee at a bank, so is it permissible for me to perform Hajj from my earnings?