The Sale of Stocks
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Fatwa No. ( 4016 )
Q: What is the ruling on buying shares for more than the capital, and I have bought some shares and sold them for more than the purchase price, so what is the ruling on dealing with them? Knowing that I have some shares.
A: If these shares do not represent money entirely or mostly,
and are known to the seller and the buyer, then it is permissible to sell and buy them; due to the generality of the evidence for the permissibility of selling and buying, and they only represent land, cars, buildings, or the like.
Q: What is the ruling on buying shares for more than the capital, and I have bought some shares and sold them for more than the purchase price, so what is the ruling on dealing with them? Knowing that I have some shares.
A: If these shares do not represent money entirely or mostly,
and are known to the seller and the buyer, then it is permissible to sell and buy them; due to the generality of the evidence for the permissibility of selling and buying, and they only represent land, cars, buildings, or the like.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.