The ruling on buying and selling shares to pay off a debt
Machine translationRead the Arabic original
Question:
He says: I am building a house, and I have been burdened with many debts, and I have not completed the construction. Is it permissible for me to buy shares from Al-Rajhi Bank in one of the permissible companies, and then sell them to complete my house and pay off Al-Rajhi through installments, knowing that the amount will be more than the original purchase price?
Answer:
If the shares are unknown, it is not permissible to sell or buy them; the unknown is not permissible to sell or buy. However, if they are known shares in fixed assets such as real estate, farms, and the like, there is no harm in selling shares in fixed assets. As for unknown shares where it is not known what they are or what they deal in, it is not permissible to buy them. If you want to borrow, buy a clear commodity, whether it is food, cloth, an animal, or a car. Buy a clear commodity that you see and take possession of, and sell it for your benefit. Yes.
The presenter:
May Allah reward you.
He says: I am building a house, and I have been burdened with many debts, and I have not completed the construction. Is it permissible for me to buy shares from Al-Rajhi Bank in one of the permissible companies, and then sell them to complete my house and pay off Al-Rajhi through installments, knowing that the amount will be more than the original purchase price?
Answer:
If the shares are unknown, it is not permissible to sell or buy them; the unknown is not permissible to sell or buy. However, if they are known shares in fixed assets such as real estate, farms, and the like, there is no harm in selling shares in fixed assets. As for unknown shares where it is not known what they are or what they deal in, it is not permissible to buy them. If you want to borrow, buy a clear commodity, whether it is food, cloth, an animal, or a car. Buy a clear commodity that you see and take possession of, and sell it for your benefit. Yes.
The presenter:
May Allah reward you.
Source
بلوغ المرام [9] — alfawzan.live (1:12:07)
The Arabic text is a machine transcription of the audio recording.