What is the ruling about having shares in companies and banks’?
Tag: stocks
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 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.