I understand that a Muslim is allowed to receive interest from non-Muslims who give it as part of their usual financial dealings. On this basis, is it also allowed to buy shares of non-Muslim banks? | Ask A Question | Al-Islam.org

Interest Bank Non-Muslims

I understand that a Muslim is allowed to receive interest from non-Muslims who give it as part of their usual financial dealings. On this basis, is it also allowed to buy shares of non-Muslim banks?

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80389

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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 9 months ago

No. There is a big difference between these two situations. Receiving interest from non Muslims as part of their practice, does not mean that you can invest your money in the bank as a share holder. Muslim is not allowed to buy shares of any company indulged in unlawful (Haraam) business.

Wassalam.