The Ruling on Participating in Commercial Stocks
Machine translationRead the Arabic original
The Shaykh:
And upon you be peace and Allah's mercy.
The presenter:
Okay. What is it?
The questioner:
Shaykh, I used to invest in stocks, but I stopped. I said, "In shaa Allah, after I invest and leave them for the sake of Allah, can I invest again?" I am with you, Shaykh.
The Shaykh:
Stocks differ, my brother. What are the stocks? Stocks in general. I said stocks in general; you left them for the sake of Allah, and now I am asking if I can invest, meaning, is it not so? Not all stocks, my brother, are forbidden. Stocks that involve something forbidden are forbidden, and stocks that involve something permissible and transactions that are permissible are fine. Stocks in riba (usury or interest) companies or companies that are not honest are not permissible. As for stocks in honest companies that deal in what is halal in buying and selling, there is no harm in that. Stocks in established companies, such as an electricity company, an agriculture company, or a company that is fine, these are permissible matters, my brother.
And upon you be peace and Allah's mercy.
The presenter:
Okay. What is it?
The questioner:
Shaykh, I used to invest in stocks, but I stopped. I said, "In shaa Allah, after I invest and leave them for the sake of Allah, can I invest again?" I am with you, Shaykh.
The Shaykh:
Stocks differ, my brother. What are the stocks? Stocks in general. I said stocks in general; you left them for the sake of Allah, and now I am asking if I can invest, meaning, is it not so? Not all stocks, my brother, are forbidden. Stocks that involve something forbidden are forbidden, and stocks that involve something permissible and transactions that are permissible are fine. Stocks in riba (usury or interest) companies or companies that are not honest are not permissible. As for stocks in honest companies that deal in what is halal in buying and selling, there is no harm in that. Stocks in established companies, such as an electricity company, an agriculture company, or a company that is fine, these are permissible matters, my brother.
Source
قناة «العلامة الدكتور صالح الفوزان»، 2240 - حكم المشاركة في الأسهم التجارية - الشيخ صالح الفوزان — youtube.com (0:12)
The Arabic text is a machine transcription of the audio recording.