The ruling on an employee purchasing company shares by deducting them from his salary
Machine translationRead the Arabic original
The questioner:
Company shares. Some companies sell shares to their employees and deduct ten percent of the employee's salary every month, and buy for him [shares] with his salary every month. When they deduct the ten percent, they buy for him shares at the value of the share at that time.
The Shaykh:
They deduct the ten from the price at which it was sold.
The questioner:
Ten percent of the employee's [salary].
The Shaykh:
And the work.
The questioner:
In order to buy him shares in the company; they buy them for the employee as...
The Shaykh:
If the employee is satisfied with this, if the employee is satisfied that he loses ten percent and buys from them in a regulated sale and purchase at a known price, what is the harm?
The questioner:
But the problem is that the share's value increases and decreases, and the employee at the beginning of the month does not know the value of the share, so before the ten percent, it becomes ten.
The Shaykh:
It is necessary that if the company appointed [an agent] and authorized it to act as it sees fit, and its work is good and in accordance with the Shari'ah, there is no harm. If its work conforms to the lawful sale, and it authorized it, it has authorized it.
The questioner:
Even if the value of the condition is unknown, that it is prescribed.
The Shaykh:
If it has authorized [the agent] to buy based on his judgment and bought at a known price, on the employee's account, there is no harm.
The questioner:
From the perspective I know. May Allah reward you. Does he own it and is it inherited from him after his death?
The Shaykh:
Or is it specific to the state of life? Even if she died, even if she died.
Company shares. Some companies sell shares to their employees and deduct ten percent of the employee's salary every month, and buy for him [shares] with his salary every month. When they deduct the ten percent, they buy for him shares at the value of the share at that time.
The Shaykh:
They deduct the ten from the price at which it was sold.
The questioner:
Ten percent of the employee's [salary].
The Shaykh:
And the work.
The questioner:
In order to buy him shares in the company; they buy them for the employee as...
The Shaykh:
If the employee is satisfied with this, if the employee is satisfied that he loses ten percent and buys from them in a regulated sale and purchase at a known price, what is the harm?
The questioner:
But the problem is that the share's value increases and decreases, and the employee at the beginning of the month does not know the value of the share, so before the ten percent, it becomes ten.
The Shaykh:
It is necessary that if the company appointed [an agent] and authorized it to act as it sees fit, and its work is good and in accordance with the Shari'ah, there is no harm. If its work conforms to the lawful sale, and it authorized it, it has authorized it.
The questioner:
Even if the value of the condition is unknown, that it is prescribed.
The Shaykh:
If it has authorized [the agent] to buy based on his judgment and bought at a known price, on the employee's account, there is no harm.
The questioner:
From the perspective I know. May Allah reward you. Does he own it and is it inherited from him after his death?
The Shaykh:
Or is it specific to the state of life? Even if she died, even if she died.
Source
شرح بلوغ المرام [ ابن باز ] [ الشرح الجديد ]، باب الذكر والدعاء — islamhouse.com (11:30)
The Arabic text is a machine transcription of the audio recording.