The Ruling on Trading in Stocks
Machine translationRead the Arabic original
Question:
What is called stocks has become widespread. What is the ruling on trading in them?
Answer:
The Muslims used to trade by buying and selling in known assets, such as camels, cattle, sheep, livestock, fabrics, goods, food, and other things, as well as cars. So whoever wants to be saved and wants to be safe should trade in these clear matters, in which he deals himself and does not entrust them to others.
As for the one who wants to take risks and wants to enter into what people have entered into, you see, you see what has happened with stocks. You see the disasters and setbacks that have occurred with them, and you hear of those who were affected in their minds or affected in their lives and died because of it. So you must avoid this matter and act according to the clear matter in which there is no problem. Yes.
What is called stocks has become widespread. What is the ruling on trading in them?
Answer:
The Muslims used to trade by buying and selling in known assets, such as camels, cattle, sheep, livestock, fabrics, goods, food, and other things, as well as cars. So whoever wants to be saved and wants to be safe should trade in these clear matters, in which he deals himself and does not entrust them to others.
As for the one who wants to take risks and wants to enter into what people have entered into, you see, you see what has happened with stocks. You see the disasters and setbacks that have occurred with them, and you hear of those who were affected in their minds or affected in their lives and died because of it. So you must avoid this matter and act according to the clear matter in which there is no problem. Yes.
Source
75-لقاءات مع الشيخ صالح الفوزان - 11- — archive.org (1:24:32)
The Arabic text is a machine transcription of the audio recording.