What is the ruling on selling and buying stocks automatically?
Machine translationRead the Arabic original
Question:
May Allah reward you, Honorable Shaykh. This questioner says: He is asking about a method of borrowing, which is that he goes to the bank, and the employee sells the stocks automatically. The employee sells the stocks automatically.
Answer:
What am I? He is going to ask for a loan. And the loan gives him some money to benefit from, which he returns in exchange without any increase; it is a good loan, not an investment loan. And what benefit does the needy person get from unknown stocks, when he does not know whether they are stocks containing what is lawful or what is forbidden? He does not know about them.
May Allah reward you, Honorable Shaykh. This questioner says: He is asking about a method of borrowing, which is that he goes to the bank, and the employee sells the stocks automatically. The employee sells the stocks automatically.
Answer:
What am I? He is going to ask for a loan. And the loan gives him some money to benefit from, which he returns in exchange without any increase; it is a good loan, not an investment loan. And what benefit does the needy person get from unknown stocks, when he does not know whether they are stocks containing what is lawful or what is forbidden? He does not know about them.
Source
قناة «العلامة الدكتور صالح الفوزان»، [2027 -3022] ما حكم بيع الأسهم آليا وشرائها؟ - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.