The Ruling on Buying Company Shares
Machine translationRead the Arabic original
The questioner : May Allah reward you with good, my brother. Regarding investing money by buying shares in companies, that is...
The Shaykh : It is not permissible. No.
The questioner : So, what is the reason?
The Shaykh : The reason is that it is gambling.
The questioner : There is no god but Allah.
The Shaykh : That is the first point. And secondly, all companies deal with riba (usury or interest) banks, so the money is placed in the banks. And I think this is not hidden from you. Peace be upon you.
The questioner : And upon you peace.
The Shaykh : It is not permissible. No.
The questioner : So, what is the reason?
The Shaykh : The reason is that it is gambling.
The questioner : There is no god but Allah.
The Shaykh : That is the first point. And secondly, all companies deal with riba (usury or interest) banks, so the money is placed in the banks. And I think this is not hidden from you. Peace be upon you.
The questioner : And upon you peace.
Source
سلسلة الهدى والنور، المجلس 66 — d3watuna.com (11:55)
The Arabic text is a machine transcription of the audio recording.