Ruling on buying shares in the Chemanol company
Question

                What is the ruling on buying shares in the Chemanol company?.
Praise be to Allah.
    The Chemanol company manufactures and markets formaldehyde 
    and its derivatives, and materials for improving concrete, which is work 
    that is basically permissible, but it also has some riba-based dealings, 
    which puts this company in the category of “mixed companies”, which are 
    those whose activities are basically permissible but they engage in some 
    haraam transactions. Most contemporary scholars have issued fatwas stating 
    that it is haraam to buy shares in this type of company, and that the 
    shareholder will be a partner in the sin of those haraam transactions. 

    This has been discussed in the answer to question no.
    112445. 

    Shaykh Dr. Muhammad al-‘Usaymi was asked: What is the ruling 
    on buying shares in the Chemanol company? 

    He replied: 
, and blessings and peace be upon the 
    Messenger of Allaah. To proceed: 
    
    The activities of this company involve chemical 
    manufacturing, which is a permissible activity. But from reading the 
    company’s prospectus it is clear that it has some bank dealing which include 
    haraam riba-based loans.  

    As the financial dealings of the company include bank loans 
    and other dealings, I do not think it is permissible to buy shares in it. 

    I advise this company and others to fear Allaah and to fear 
    the pain of His wrath, for this world is fleeting and transient, and 
    everyone in the company who is responsible for the riba-based loans and 
    dealings will stand before his Lord and will be asked about all that, and 
    upon him will be the sin of those who bought shares in the company. Allaah 
    has blessed us with many means of Islamic finance that are available from 
    the commercial banks in Saudi, so no one has any excuse. End quote. 


    http://www.halal2.com/ftawaDetail.asp?id=25389 

    And Allaah knows best.