Is it permissible to trade in the shares of companies listed on the stock exchange?
Machine translationRead the Arabic original
The questioner : Regarding the shares in companies and stock exchanges, are they permissible? I mean, are they placed there for the purpose of trading, meaning the price of the share might rise?
The Shaykh : Any company that is based on depositing capital or earning interest on money in banks is not permissible, even if all its other transactions are lawful.
The questioner : Even if all its other transactions are lawful.
The Shaykh : Even if all the company's transactions are lawful and there is no violation whatsoever, except that it deposits its money in banks, this is sufficient to prohibit dealing with it.
The questioner : Please forgive us, our Shaykh, if we placed the question in the wrong place. Please allow us, our Shaykh, to say that if you had placed the question in the wrong place.
The Shaykh : No, it is not a matter of placing it in the wrong place. Right now, the questions are not for the audience; the time for questions is for the telephone. When that time is over, I will be busy here, as you know.
The questioner : Please allow us, our Shaykh.
The Shaykh : Any company that is based on depositing capital or earning interest on money in banks is not permissible, even if all its other transactions are lawful.
The questioner : Even if all its other transactions are lawful.
The Shaykh : Even if all the company's transactions are lawful and there is no violation whatsoever, except that it deposits its money in banks, this is sufficient to prohibit dealing with it.
The questioner : Please forgive us, our Shaykh, if we placed the question in the wrong place. Please allow us, our Shaykh, to say that if you had placed the question in the wrong place.
The Shaykh : No, it is not a matter of placing it in the wrong place. Right now, the questions are not for the audience; the time for questions is for the telephone. When that time is over, I will be busy here, as you know.
The questioner : Please allow us, our Shaykh.
Source
www.al-albany.com
The Arabic text is copied verbatim from the original source, without any edits.