The Ruling on Buying, Selling, and Currency Exchange via the Stock Market
Machine translationRead the Arabic original
Question:
May Allah reward you with good. Honorable Shaykh, Abu Aadel is inquiring of your eminence and seeking your advice regarding investment in the stock market and how zakah is calculated in this institution?
Answer:
Buying and selling in permissible commodities is permissible, as is currency exchange in gold, silver, and currencies. However, if the type is the same, equality is required, and the exchange must take place in the meeting. If the types differ, excess is permissible, but deferral is not permissible; the exchange must take place in the meeting. If these types differ, sell however you wish, provided it is hand-to-hand. If these websites mentioned by him conform to the Shari'ah in what Allah has made lawful and leave what Allah has forbidden, then there is no harm in them. Yes.
May Allah reward you with good. Honorable Shaykh, Abu Aadel is inquiring of your eminence and seeking your advice regarding investment in the stock market and how zakah is calculated in this institution?
Answer:
Buying and selling in permissible commodities is permissible, as is currency exchange in gold, silver, and currencies. However, if the type is the same, equality is required, and the exchange must take place in the meeting. If the types differ, excess is permissible, but deferral is not permissible; the exchange must take place in the meeting. If these types differ, sell however you wish, provided it is hand-to-hand. If these websites mentioned by him conform to the Shari'ah in what Allah has made lawful and leave what Allah has forbidden, then there is no harm in them. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 1848 - حكم البيع والشراء والصرافة عبر البورصة - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.