Should he buy shares in a company that puts its money in the bank and pays a part of the profits?
Question

                The scholars have said that it is permissible to buy shares that are basically halaal and are put in the riba-based banks, on the condition that 15% of the profit is paid in the public interest. 

My question is: 

Is it permissible to give that to relatives to benefit from it, such as one’s mother or siblings?.
Praise be to Allah.
    Firstly: 

    Buying shares in companies and organizations is permissible 
    on the condition that they are trading in permissible goods and are not 
    engaging in haraam transactions. One of the greatest of haraam actions is 
    consuming riba. If one of these two conditions is broken, and the company is 
    dealing in haraam things or is manufacturing haraam things, or it is dealing 
    in riba, then buying shares is haraam and one should avoid that and find 
    something permissible. The fact that a certain percentage of the profits is 
    paid (in charity) does not make it permissible to buy those shares or make 
    that profit halaal. 

    Shaykh Muhammad ibn Saalih al-‘Uthaymeen (may Allaah have 
    mercy on him) was asked about the ruling on buying shares in companies. 

    He replied: 

    Buying shares in companies is subject to further discussion, 
    because we have heard that they put their money in foreign banks, or 
    quasi-foreign banks, and take interest on it, which is a kind of riba. If 
    this is true then buying shares in them is haraam and is a major sin, 
    because riba is one of the worst of major sins. But if it is free of this 
    then buying shares is halaal, so long as there is nothing else involved that 
    is haraam according to sharee’ah. End quote.

    Majmoo’ Fataawa Ibn ‘Uthaymeen 
    (18/question no. 119). 

    The scholars of the Standing Committee were asked: 

    Is it permissible to buy shares in companies and 
    organizations that offer their shares to the public at a time when we are 
    uncertain as to whether these companies and organizations engage in riba in 
    their dealings and we are not sure about that. Please note that we cannot be 
    sure about that, but it is what we have heard from other people. 

    They replied: 

    With regard to companies and organizations that do not engage 
    in riba or deal in haraam things, it is permissible to buy shares in them, 
    but as for those that engage in riba or any haraam things, it is haraam to 
    buy shares in them. 

    If there is uncertainty about any company, then it is safer 
    not to buy shares in them, based on the words of the Prophet  (peace and 
    blessings of Allaah be upon him): “Leave that which makes you doubt for that 
    which does not make you doubt.” And the Prophet  (peace and blessings of 
    Allaah be upon him) said: “Whoever avoids doubtful things has discharged his 
    duty and protected his religious commitment and honour.” 

    Shaykh ‘Abd al-‘Azeez ibn ‘Abd-Allaah ibn Baaz, Shaykh ‘Abd 
    al-Razzaaq ‘Afeefi, Shaykh ‘Abd-Allaah ibn Ghadyaan, Shaykh ‘Abd-Allaah ibn 
    Qa’ood. 

    Fataawa al-Lajnah al-Daa’imah li’l-Buhooth al-‘Ilmiyyah 
    wa’l-Ifta’ (14/310-311) 

    In the answer to question no. 
    21127 we quoted the fatwa of 
    the Standing Committee which states the ruling on buying shares in 
    charitable organizations, agriculture companies, banks, insurance companies 
    and petroleum companies. 

    In the answer to question no. 
    8590 you will find the ruling 
    on dealing in permissible shares and a warning against haraam shares. 

    Secondly: 

    If the share holder gets haraam profits from his shares, he 
    must – after taking out his share and keeping it – get rid of the money that 
    is surplus to his capital. He can spend it on charitable causes so long as 
    he does not benefit from that in any way or relieve himself of some 
    obligation or ward off some harm or wrongdoing from himself. So it is not 
    permissible for him to spend it on himself or on any of his family members 
    on whom he is obliged to spend. 

    For more details on that, please see question no. 
    292 and 
    81952. 

    And Allaah knows best.