Published 5 years ago
Last updated 5 years ago
Q: Is it permissible to have shares in banks intending to derive dividends only from bank charges income even though the money is mixed?
A: Some of the bank charges are of a permissible nature and some are of an impermissible nature. Hence, how will you be able to distinguish the permissible from the impermissible. Further, the major operation of the bank revolves around haraam, and they are not going to be concerned of refraining from it. Hence, you should not invest in a bank.
And Allah Ta'ala (الله تعالى) knows best.
Answered by: