The Sale of Shares in Companies and Its Ruling
Machine translationRead the Arabic original
Question:
I have shares in companies that I want to sell, so what is the ruling? Do I sell them at the price I bought them for, or at a profit? And what is the basis of these shares, and their original Islamic ruling?
Answer:
My brother, if you had asked before you asked, you would have saved yourself and saved us from the difficulty. But asking after you have already sunk, now that you have fallen into the drowning, saying "save us," is a matter that requires consideration and study. And now, there is currently research being done on this issue of selling and trading stocks; if Allah wills, an answer will be forthcoming soon that will be for the benefit of all Muslims. But as I mentioned to you, it is obligatory for a person to ask about a thing before he proceeds with it, so that he may be safe from it if it is evil, and not proceed with it.
I have shares in companies that I want to sell, so what is the ruling? Do I sell them at the price I bought them for, or at a profit? And what is the basis of these shares, and their original Islamic ruling?
Answer:
My brother, if you had asked before you asked, you would have saved yourself and saved us from the difficulty. But asking after you have already sunk, now that you have fallen into the drowning, saying "save us," is a matter that requires consideration and study. And now, there is currently research being done on this issue of selling and trading stocks; if Allah wills, an answer will be forthcoming soon that will be for the benefit of all Muslims. But as I mentioned to you, it is obligatory for a person to ask about a thing before he proceeds with it, so that he may be safe from it if it is evil, and not proceed with it.
Source
الفوزان -أشرطة- أسئلة وأجوبة من دروس التوحيد - الفوزان - أسئلة التوحيد - ٠١ — archive.org (1:04:40)
The Arabic text is a machine transcription of the audio recording.