The ruling on buying shares in unknown companies
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Question:
What is the ruling on buying shares in companies or institutions, when we do not know whether these companies are based on riba (usury or interest) or not, and how the speculation with our shares will be, and so on, except that it was announced about them so we invested with them?
Answer:
A person does not enter into anything until he knows about that thing. He asks about it, studies its condition, and verifies it. He does not enter into something unknown. If he wants to invest in a company, he must verify that it is a legitimate company with no dealings in riba, and then he invests in it.
As for as long as he is ignorant of it and does not know about it, it is not permissible for him to enter into it, especially since in this time suspicious companies and suspicious transactions have become widespread. It is not permissible for a person to enter into them until he is certain of their legitimacy. If he is unable to do so or does not know, he must ask someone he trusts. He must ask someone he trusts about it. If a trustworthy person informs him that it is legitimate, he deals with it and invests in it. There is a distinction regarding shares. Shares in companies based on riba that are not permissible to sell, because it is not permissible to invest in them in the first place, it is not permissible to invest in them in the first place, it is not permissible as long as they are based on riba, so it is even more impermissible to sell the shares he has in them. But if these companies are legitimate companies, such as mass transport companies, air transport, land transport, cars or airplanes or other means of transport used for hire, or electricity companies where one invests in a company that produces electrical energy which is sold to people and they consume it for a price, or real estate companies that rent or sell, or factory companies that produce, factory companies that produce pipes or vessels or other things, or fertilizers, there is no harm in these because they are productive companies that produce permissible things and sell them to people or rent them to people. So investing in these companies is originally not a problem, and if he has shares in them, there is no harm in selling them to others if he no longer needs them, because if the original investment is permissible, selling it is permissible, and if the original investment is prohibited, selling it is prohibited. Yes.
What is the ruling on buying shares in companies or institutions, when we do not know whether these companies are based on riba (usury or interest) or not, and how the speculation with our shares will be, and so on, except that it was announced about them so we invested with them?
Answer:
A person does not enter into anything until he knows about that thing. He asks about it, studies its condition, and verifies it. He does not enter into something unknown. If he wants to invest in a company, he must verify that it is a legitimate company with no dealings in riba, and then he invests in it.
As for as long as he is ignorant of it and does not know about it, it is not permissible for him to enter into it, especially since in this time suspicious companies and suspicious transactions have become widespread. It is not permissible for a person to enter into them until he is certain of their legitimacy. If he is unable to do so or does not know, he must ask someone he trusts. He must ask someone he trusts about it. If a trustworthy person informs him that it is legitimate, he deals with it and invests in it. There is a distinction regarding shares. Shares in companies based on riba that are not permissible to sell, because it is not permissible to invest in them in the first place, it is not permissible to invest in them in the first place, it is not permissible as long as they are based on riba, so it is even more impermissible to sell the shares he has in them. But if these companies are legitimate companies, such as mass transport companies, air transport, land transport, cars or airplanes or other means of transport used for hire, or electricity companies where one invests in a company that produces electrical energy which is sold to people and they consume it for a price, or real estate companies that rent or sell, or factory companies that produce, factory companies that produce pipes or vessels or other things, or fertilizers, there is no harm in these because they are productive companies that produce permissible things and sell them to people or rent them to people. So investing in these companies is originally not a problem, and if he has shares in them, there is no harm in selling them to others if he no longer needs them, because if the original investment is permissible, selling it is permissible, and if the original investment is prohibited, selling it is prohibited. Yes.
Source
المساهمة في شركات لا يعلم طبيعة تعاملاتها — alfawzan.live
The Arabic text is a machine transcription of the audio recording.