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Question
The Islamic bank has shares for sale. The values of one share is US$110. Our understanding is that this bank does not deal in ribaa and that the values of the shares will be used in business ventures that are free of any dealings in ribaa, and the profits will be divided among the shareholders. Because we are worried about falling into anything that is prohibited, we hope that you will tell us whether this is allowed or not.
Answer
Praise be to Allah.It is permissible to buy shares in banks which do not
deal in ribaa, and the profits earned through having shares in the bank
and which are the result of dealings that did not involve anything haraam
are halaal.
And Allaah is the source of strength. May Allaah
bless our Prophet Muhammad and his family and companions, and grant them
peace.
Source: IslamQA (Sheikh Muhammed Salih Al-Munajjid)