Is it permissible to invest in companies that earn interest from non-Muslims, given that some hold cash in non-Muslim banks or interest-bearing investments? If their main business is Halal, is purification of earnings from these investments required?
Is it permissible to invest in companies that earn interest from non-Muslims, given that some hold cash in non-Muslim banks or interest-bearing investments? If their main business is Halal, is purification of earnings from these investments required?
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 6 months ago
Investing in any company which has lawful activities and lawful income is allowed. Getting some interest from non Muslim banks is allowed according to many leading scholars as far as it was not under demand of RIBA (Usury).
Wassalam.