Ask Qul - Sale / Purchase - Buying and Selling shares

Pearl of Wisdom

Three people Allah will not speak to... and a man who gave his allegiance to an Imam only for the sake of this world, such that if he gives him thereof what he wants he keeps his oath, otherwise he turns away.'Q

Prophet Muhammad al-Mustafa [sawa]

al-Khisal, p. 107, no. 70

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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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