The Ruling on Dealing in Stocks
Machine translationRead the Arabic original
Question:
He says: I got involved in stocks, and I repented to Allah the Mighty and Majestic for dealing in them, but some people say that it is permissible. It is up to you, though.
Answer:
I do not know about stocks; there is a distinction here. If they do not contain what is prohibited by the Shari'ah, they are permissible. If they contain a genuine legal issue, they are not permissible. If they contain gharar (excessive uncertainty in a contract), ignorance, gambling, or riba (usury or interest), they are not valid. If they involve lying or deception, they are not valid. Yes.
He says: I got involved in stocks, and I repented to Allah the Mighty and Majestic for dealing in them, but some people say that it is permissible. It is up to you, though.
Answer:
I do not know about stocks; there is a distinction here. If they do not contain what is prohibited by the Shari'ah, they are permissible. If they contain a genuine legal issue, they are not permissible. If they contain gharar (excessive uncertainty in a contract), ignorance, gambling, or riba (usury or interest), they are not valid. If they involve lying or deception, they are not valid. Yes.
Source
75-لقاءات مع الشيخ صالح الفوزان - 08- — archive.org (37:35)
The Arabic text is a machine transcription of the audio recording.