He owns a share in a company and wants to sell it
Machine translationRead the Arabic original
Q2: A group acquired a villa with a swimming pool for investment, and each person contributed
a share worth (3000) riyals. Is it permissible for each of them to sell their share for more than what they paid, and what is the Sharia-compliant method when one wants to exit this investment project? May you be greatly rewarded?
A2: It is permissible for each of the shareholders to sell their shares in the aforementioned villa, whether for an amount greater than what they paid or less than it; because they have acquired ownership of a portion of that asset, so they are selling that portion they own, and this is not a case of selling currency for currency.
a share worth (3000) riyals. Is it permissible for each of them to sell their share for more than what they paid, and what is the Sharia-compliant method when one wants to exit this investment project? May you be greatly rewarded?
A2: It is permissible for each of the shareholders to sell their shares in the aforementioned villa, whether for an amount greater than what they paid or less than it; because they have acquired ownership of a portion of that asset, so they are selling that portion they own, and this is not a case of selling currency for currency.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.