Abu 'Abdirrahmaan Adnaan ibn Salman
(Birmingham, UK.)
Member
Posts: 76
Joined: Apr 2005
Bismillaahirrahmaanirraheem,
quote:
Q:
What is the ruling on having shares in Al-Qaseem Agricultural Company, and does it deal with Ribaa?
A:
Every company for which it is established that it deals with Ribaa whether taking or giving, then it is forbidden to have shares in it, due to what this entails from co-operating upon sinning and transgression. Allaah the Most High said:
ıHelp you one another in AlıBirr and AtıTaqwa (virtue, righteousness and piety); but do not help one another in sin and transgression. And fear Allıh. Verily, Allıh is Severe in punishment.ı [5:2]
As for whether the company mentioned deals with Ribaa, then we do not know anything regarding it currently.