What is the ruling on buying and selling shares in companies that have not yet started operations?
Machine translationRead the Arabic original
Question:
What is the ruling on buying and selling shares in companies that have not yet started operations?
Answer:
As for the matter of shares, I do not enter into it and I do not know about it, because it is unknown to me and I have no knowledge of it. I do not know about shares, nor do I issue rulings on them, because they are unknown to me. It is not permissible for a person to buy and sell except in something known that he understands and comprehends. As for something unknown about which he has no knowledge, it is not permissible for him to buy and sell in it; this is the rule. It is a condition that the item being sold be known to the seller and the buyer, with no ignorance or gharar (excessive uncertainty) involved.
What is the ruling on buying and selling shares in companies that have not yet started operations?
Answer:
As for the matter of shares, I do not enter into it and I do not know about it, because it is unknown to me and I have no knowledge of it. I do not know about shares, nor do I issue rulings on them, because they are unknown to me. It is not permissible for a person to buy and sell except in something known that he understands and comprehends. As for something unknown about which he has no knowledge, it is not permissible for him to buy and sell in it; this is the rule. It is a condition that the item being sold be known to the seller and the buyer, with no ignorance or gharar (excessive uncertainty) involved.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم البيع والشراء في الأسهم التي لم تعمل شركاتها حتى الآن؟ للشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.