The Ruling on Participating in Stocks
Machine translationRead the Arabic original
Question:
May Allah reward you, the manager of the Sharq. The questioner says: Welcome to all the stocks, and may Allah reward you with good.
Answer:
Regarding stocks, I do not issue a ruling on them because their nature has not become clear to me. They are fluctuating and contain excessive uncertainty (gharar) and ignorance. They contain riba (usury or interest), they contain gambling, and they contain evils. Rarely is anything of these strange shareholdings free from these matters, as you know, they are not managed by your agent whom you trust and rely upon, but rather by foreign companies or people about whom Allah knows best. Yes.
May Allah reward you, the manager of the Sharq. The questioner says: Welcome to all the stocks, and may Allah reward you with good.
Answer:
Regarding stocks, I do not issue a ruling on them because their nature has not become clear to me. They are fluctuating and contain excessive uncertainty (gharar) and ignorance. They contain riba (usury or interest), they contain gambling, and they contain evils. Rarely is anything of these strange shareholdings free from these matters, as you know, they are not managed by your agent whom you trust and rely upon, but rather by foreign companies or people about whom Allah knows best. Yes.
Source
شرح كتاب الكبائر للإمام محمد بن عبد الوهاب، بداية من باب تكثير السواد في الفتن — islamhouse.com (58:34)
The Arabic text is a machine transcription of the audio recording.