Ask Qul - Sale / Purchase - Buying and Selling shares

Pearl of Wisdom

'Whoever is bigoted or partial [to a false cause], or incites partisanship around himself and his own causes [unlawfully], the knot binding him to Faith is untied from around his neck.'

Prophet Muhammad al-Mustafa [sawa]

al-Kafi, v. 2, p. 308, no. 2

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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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