Ask Qul - Sale / Purchase - Buying and Selling shares

Pearl of Wisdom

I advise both the present and the absent ones from my community to accept the invitation of a fellow Muslim, even if it be five miles away, for verily that is a part of religion.'

Prophet Muhammad al-Mustafa [sawa]

al-Mahasin, v. 2, p. 180, no. 1510

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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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