Ruling on investing in shares of American industrial and commercial companies through agents in Islamic countries
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What is the ruling on investing in shares of American industrial companies through an agent appointed by a person residing in this country, who informs him of the account number at any bank and the amount he is contributing, with an agreement on a percentage for the agent in America? - What does the company do? - It is industrial.
- Does it contain riba (usury or interest)? - No.
Industrial and commercial.
- There is no issue if it contains no riba (usury or interest) and no gharar (excessive uncertainty in a contract); the important thing is that if its buying and selling are valid, there is no harm.
- What is the ruling on the contract between this person and the agent in America? - There is no problem; if it is with his consent, there is no harm.
- Does it contain riba (usury or interest)? - No.
Industrial and commercial.
- There is no issue if it contains no riba (usury or interest) and no gharar (excessive uncertainty in a contract); the important thing is that if its buying and selling are valid, there is no harm.
- What is the ruling on the contract between this person and the agent in America? - There is no problem; if it is with his consent, there is no harm.