Buying
      shares in a bank that does not deal in ribaa
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.
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.