Can I buy shares of a bank that does not practice the Islamic banking system? - Questions Archive - IslamQuest is a reference for Islamic questions on the internet

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Last Updated: 2007/10/18

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Can I buy shares of a bank that does not practice the Islamic banking system?

question

Can I buy shares of a bank that does not practice the Islamic banking system?

Concise answer

We asked your question from the office of different scholars and marja’s, and two of them have answered till now:

The office of Ayatullah Khamenei:

You can't.

The office of Ayatullah Makarem Shirazi:

It isn’t permissible.

We will let you know as soon as we get a reply from the rest of the marja’s.

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