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﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

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Is it valid to divide Saudi stocks into pure and mixed?

Machine translationRead the Arabic original
The questioner:
Peace be upon you. My question is about Saudi stocks; some are labeled "pure" and others "mixed." They say that if you buy and sell the mixed ones, meaning you do not wait for the profits, then it is permissible. This is my question to the Honorable Shaykh. May Allah reward you with good. Thank you, O Muhammad. The question. Welcome.

The Shaykh:
Who is it, who is it, that says stocks are of two types, mixed and not mixed? Who is it that issues a ruling on this?

The questioner:
The one who issues the ruling is Shaykh al-Shubayli, al-'Asimi, and al-Fawzan.

The Shaykh:
My brother, the fatwa of al-Fawzan is not from us.

The presenter:
Yes, yes, yes.

The Shaykh:
It is not from us; this is a different al-Fawzan.

The presenter:
Yes, yes.

The questioner:
Hanzalah is from my side.

The Shaykh:
The fatwa, my brother, has a specific authority, the Department of Ifta. It is not for so-and-so to issue rulings on it, nor is it permissible for them to do so in general matters. Yes.
Source قناة «العلامة الدكتور صالح الفوزان»، [3516] هل يصح تقسيم الأسهم السعودية إلى نقية ومختلطة؟ - صالح الفوزان — youtube.com

The Arabic text is a machine transcription of the audio recording.

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