The Ruling on Buying and Selling Shares in Companies
Machine translationRead the Arabic original
Question:
May Allah reward you. Naif from al-Madinah al-Munawwarah. Yes. Peace be upon you. And upon you be peace and the mercy of Allah. Peace be upon you. Shaykh, I would like to ask about subscribing to companies that have shares, subscribing to shares, and then if they rise, I sell them. How is that permissible? Thank you, Naif.
Answer:
By Allah, my brother, I do not know these companies or these shareholdings. I do not know. Shareholdings in land, real estate, farms, or factories are permissible. But as for those that have no existence, which are merely companies where it is not known what they do or what their output is, do not engage in them. Yes.
May Allah reward you. Naif from al-Madinah al-Munawwarah. Yes. Peace be upon you. And upon you be peace and the mercy of Allah. Peace be upon you. Shaykh, I would like to ask about subscribing to companies that have shares, subscribing to shares, and then if they rise, I sell them. How is that permissible? Thank you, Naif.
Answer:
By Allah, my brother, I do not know these companies or these shareholdings. I do not know. Shareholdings in land, real estate, farms, or factories are permissible. But as for those that have no existence, which are merely companies where it is not known what they do or what their output is, do not engage in them. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، حكم شراء الأسهم في الشركات وبيعها - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.