Ask Qul - Sale / Purchase - Buying and Selling shares

Pearl of Wisdom

'No one shall enter Paradise except by intervention of Allah's divine mercy.' His companions asked, 'Not even you?' to which he replied, 'Not even me, unless Allah encompasses me with His mercy.?

Prophet Muhammad al-Mustafa [sawa]

Ibid. no. 10407

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Question : #439

Category: Sale / Purchase

Subject:	Buying and Selling shares
Question:	What is the ruling of buying and selling the shares of incorporated companies or others?
Answer:	It is permissible to buy and sell shares of any kind of corporation on the condition that the transactions of this company do not engage in prohibited activities such as dealing in intoxicants or interest (riba).

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