Ask Qul - Sale / Purchase - Buying and Selling shares

Pearl of Wisdom

'The eyes of two categories of people will never touch the fire: the one who cried out of fear of Allah, and the one who spent the night awake standing guard for the sake of Allah.'

Prophet Muhammad al-Mustafa [sawa]

Sunan al-Tirmidhi, v. 4, p. 175, no. 1639

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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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