Investors in stocks in the Kuwait Stock Exchange, either they invest money to wait for the stock dividend at the end of the year and benefit from it

The questioner : Shaykh, regarding a question about stocks, it is known that investors in stocks in the Kuwait Stock Exchange; either they invest money to wait for the stock dividend at the end of the year and benefit from it, or they are investors in stocks for speculation, or they sell the stock when its value rises. We would like to know your opinion on these two types, is there any observation regarding them or not? And what is the amount of zakah that is taken on the stock dividend.

The Shaykh : In terms of zakah, it is not applicable, this is a previous answer to... yes, but regarding the sale of these stocks, what appears to me - and Allah knows best - is that if the stock has a reality and substance; meaning that the partners who participated in these stocks established a business and produced a result, then in this case it appears to me - and Allah knows best - as I mentioned earlier that it is permissible to sell and buy it; because it is an existing investment. As for before that; it is not permissible; because it has no reality, and it is only selling wealth for wealth, wealth for wealth, with an increased amount; so this is not permissible unless it becomes a reality and an actual company that invests these capital funds, then selling and buying is permissible afterwards, but without considering the difference in price over time, as we have mentioned more than once, that this difference is riba (usury or interest) by the explicit text of the hadith of the Messenger of Allah (peace and blessings be upon him).