Fatwa ID: 08404

 

 

Answered by: Maulana Sakib Shadman

 

Question:

 

In one of the companies where I have invested, I only buy and sell halal stocks. However, this company is providing me with an annual interest of 0.01%. Upon contacting them to inquire about the permissibility of this interest in accordance with our religion, they informed me that they are unable to offer an alternative, as this is the company’s policy.

 

Given this situation, should I consider moving my investment to another company, or should I donate the annual interest to the poor people?

 

 

 

In the name of Allah, the Most Gracious, the Most Merciful

 

 

Answer:

 

Riba (usury) is forbidden in both small and large amounts. If there are other stock options which provide you with absolutely zero interest, then it is definitely advisable for you to invest in those companies.

 

Any interest which you previously accrued from this stock should ideally be returned to that company. If this is not possible, you should donate that small amount of interest to poor and needy Muslims without the intention of earning reward for the donation.

 

In conclusion, you should sell your shares in this company and purchase stocks which do not accrue small amounts of interest. Avoiding Riba altogether will lead to an increase of Barakah (blessings) in your wealth and investments. May Allah Ta’ala reward you for being scrupulous in matters of Halal and Haram.

 

 

 

Only Allah (عز و جل) knows best.

Written by Maulana Sakib Shadman

Checked and approved by Mufti Mohammed Tosir Miah

Darul Ifta Birmingham

 

 

 

 

References:

 

وَعَلَى هَذَا قَالُوا لَوْ مَاتَ الرَّجُلُ وَكَسْبُهُ مِنْ بَيْعِ الْبَاذَقِ أَوْ الظُّلْمِ أَوْ أَخْذِ الرِّشْوَةِ يَتَوَرَّعُ الْوَرَثَةُ، وَلَا يَأْخُذُونَ مِنْهُ شَيْئًا وَهُوَ أَوْلَى بِهِمْ وَيَرُدُّونَهَا عَلَى أَرْبَابِهَا إنْ عَرَفُوهُمْ، وَإِلَّا تَصَدَّقُوا بِهَا لِأَنَّ سَبِيلَ الْكَسْبِ الْخَبِيثِ التَّصَدُّقُ إذَا تَعَذَّرَ الرَّدُّ عَلَى صَاحِبِهِ

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ص385 – كتاب حاشية ابن عابدين رد المحتار ط الحلبي – فصل في البيع – المكتبة الشاملة

 

لِأَنَّ الْوَاجِبَ حَقًّا لِلشَّرْعِ رَدُّ عَيْنِ الرِّبَا لَوْ قَائِمًا لَا رَدُّ ضَمَانِهِ اهـ وَاسْتَحْسَنَهُ فِي النَّهْرِ.

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ص169 – كتاب حاشية ابن عابدين رد المحتار ط الحلبي – مطلب في الإبراء عن الربا – المكتبة الشاملة

 

وَإِنَّمَا الَّذِي يَجِبُ حَقًّا لِلشَّرْعِ رَدُّ عَيْنِ الرِّبَا إنْ كَانَ قَائِمًا لَا رَدُّ ضَمَانِهِ انْتَهَى مَا فِي الْقُنْيَةِ، وَهُوَ مُحَرَّمٌ بِالْكِتَابِ، وَالسُّنَّةِ، وَالْإِجْمَاعِ

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ص136 – كتاب البحر الرائق شرح كنز الدقائق ومنحة الخالق وتكملة الطوري – باب الربا – المكتبة الشاملة

 

لَوْ مَاتَ رَجُلٌ وَكَسْبُهُ مِنْ ثَمَنِ الْبَاذَقِ وَالظُّلْمِ أَوْ أَخْذِ الرِّشْوَةِ تَعُودُ الْوَرَثَةُ وَلَا يَأْخُذُونَ مِنْهُ شَيْئًا وَهُوَ الْأَوْلَى لَهُمْ وَيَرُدُّونَهُ عَلَى أَرْبَابِهِ إنْ عَرَفُوهُمْ، وَإِلَّا يَتَصَدَّقُوا بِهِ؛ لِأَنَّ سَبِيلَ الْكَسْبِ الْخَبِيثِ التَّصَدُّقُ إذَا تَعَذَّرَ الرَّدُّ

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ص229 – كتاب البحر الرائق شرح كنز الدقائق ومنحة الخالق وتكملة الطوري – احتكار قوت الآدميين والبهائم في بلد لم يضر بأهلها – المكتبة الشاملة

 

حَدَّثَنَا آدَمُ، حَدَّثَنَا شُعْبَةُ، حَدَّثَنَا عَوْنُ بْنُ أَبِي جُحَيْفَةَ، عَنْ أَبِيهِ، قَالَ لَعَنَ النَّبِيُّ صلى الله عليه وسلم الْوَاشِمَةَ، وَالْمُسْتَوْشِمَةَ، وَآكِلَ الرِّبَا وَمُوكِلَهُ، وَنَهَى عَنْ ثَمَنِ الْكَلْبِ، وَكَسْبِ الْبَغِيِّ، وَلَعَنَ الْمُصَوِّرِينَ‏.‏

 

Narrated Abu Juhaifa: The Prophet (ﷺ) cursed the lady who practices tattooing and the one who gets herself tattooed, and one who eats (takes) Riba’ (usury) and the one who gives it. And he prohibited taking the price of a dog, and the money earned by prostitution, and cursed the makers of pictures.

 

Sahih al-Bukhari 5347

Chapter 51: The earnings of a prostitute and the illegal wedding., Book 68: Divorce

https://sunnah.com/bukhari:5347