Ask Qul - Sale / Purchase - Buying and Selling shares

Pearl of Wisdom

'The characteristic of an ignorant person is that he oppresses whoever he associates with, acts unjustly towards his subordinates, flatters his superiors, and his speech is without deliberation.?

Prophet Muhammad al-Mustafa [sawa]

Tuhaf al- 'Uqul, p. 29

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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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