I had shares in a bank which deals with ribaa, and then I sold them and earnt a profit. And now, some time has passed and I do not know what to do with it (the profit). So what do you advise me with? And may Allaah reward you with good.
Category: Forbidden Wealth
The ruling regarding the salary of bank employees
Is the salary which the employees of banks in general receive, and Arab banks specifically, halaal or haraam, since I have heard that it is haraam because the banks deal with ribaa in some of their transactions?
Trading in cigarettes
What is the Islaamic ruling regarding one who trades in cigarettes which are sold under licence from the cigarette company?
Profits from selling shares in interest-based company
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?
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?