The Ruling on Buying Shares and Selling Dirhams for Dirhams
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success, what is the ruling on buying shares in general? And what is the difference between buying shares and buying dirhams with dirhams?
Answer:
Buying shares in sound companies, buying shares in sound companies that are free from riba (usury or interest) and whose shares are known, is permissible. As for interest-based companies that contain riba, it is not permissible to buy shares from them. It is not permissible to sell dirhams for dirhams. It is not permissible to sell dirhams for dirhams; this is riba.
He says: Honorable Shaykh, may Allah grant you success, what is the ruling on buying shares in general? And what is the difference between buying shares and buying dirhams with dirhams?
Answer:
Buying shares in sound companies, buying shares in sound companies that are free from riba (usury or interest) and whose shares are known, is permissible. As for interest-based companies that contain riba, it is not permissible to buy shares from them. It is not permissible to sell dirhams for dirhams. It is not permissible to sell dirhams for dirhams; this is riba.
Source
قناة «العلامة الدكتور صالح الفوزان»، 141/87 شرح زاد المستقنع/ صالح الفوزان — youtube.com (51:42)
The Arabic text is a machine transcription of the audio recording.