What is the ruling on buying and selling stocks and speculating in them, and is this considered like gambling?
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success, he says: What is the ruling on buying and selling stocks and speculating in them? And is this considered like gambling?
Answer:
Stocks that are fixed in real estate, a factory, or agriculture are permissible. That is, those which you invest in and you receive from their yield and profits are permissible to sell because they are fixed and known stocks. Likewise, stocks in trade. Stocks in known trade, buying and selling a known item, are permissible, and there is nothing wrong with that. As for unknown stocks, of which you do not know, nor who uses them, nor where they are used, do not enter into them; stay away from them. Yes.
Honorable Shaykh, may Allah grant you success, he says: What is the ruling on buying and selling stocks and speculating in them? And is this considered like gambling?
Answer:
Stocks that are fixed in real estate, a factory, or agriculture are permissible. That is, those which you invest in and you receive from their yield and profits are permissible to sell because they are fixed and known stocks. Likewise, stocks in trade. Stocks in known trade, buying and selling a known item, are permissible, and there is nothing wrong with that. As for unknown stocks, of which you do not know, nor who uses them, nor where they are used, do not enter into them; stay away from them. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [228 -582] ما حكم البيع والشراء في الأسهم والمضاربة فيها وهل هذا يعد كالقمار؟ - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.