The ruling on mudarabah (profit-sharing partnership) with stocks that appear on screens
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success, is mudarabah (profit-sharing partnership) with the stocks on the screens like the permissible mudarabah?
Answer:
No, this is an illusion, and it is not valid. It appears that most of it is not valid, and it is also absent; it is not present. Therefore, dealing in this is not permissible. It contains gharar (excessive uncertainty in a contract) and ignorance, and it contains riba (usury or interest), and it contains terrible matters. And so you see the setbacks that have befallen the shareholders; some of them died, and some of them lost their minds. These are punishments because this dealing is not permissible.
He says: Honorable Shaykh, may Allah grant you success, is mudarabah (profit-sharing partnership) with the stocks on the screens like the permissible mudarabah?
Answer:
No, this is an illusion, and it is not valid. It appears that most of it is not valid, and it is also absent; it is not present. Therefore, dealing in this is not permissible. It contains gharar (excessive uncertainty in a contract) and ignorance, and it contains riba (usury or interest), and it contains terrible matters. And so you see the setbacks that have befallen the shareholders; some of them died, and some of them lost their minds. These are punishments because this dealing is not permissible.
Source
قناة «العلامة الدكتور صالح الفوزان»، [1374 -2802] حكم المضاربة بالأسهم التي تكون على الشاشات - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.