Ruling on trading in shares



Contents

  • 1 Ruling on trading in shares
  • 2 Ruling on dealing in the stock exchange
  • 3 Ruling on dealing in securities
  • 4 References

Ruling on trading in shares

The scholars have explained the ruling on trading shares in terms of purchase and speculation, and the officer in that regard is the work of the company that the Muslim buys part of its shares; if its work is permissible, avoiding usury and prohibitions in its dealings; ; as companies commercial insurance, banks usury, and wineries, not permissible for Muslims to participate in the purchase of shares or promotion; because it is a matter of aiding in sin, the Almighty said: (virtue, righteousness and piety and do not cooperate in sin wor Duane) , [1]But if the company’s work is mixed, meaning that its work was originally legitimate, such as transportation companies, but it places its assets in commercial banks or takes usurious loans, the majority of scholars are of the view that it is forbidden to participate in it, because partnership in it means participating in sin and prohibitions and helping them. [2]

Ruling on dealing in the stock exchange

The scholars of the ummah issued a ruling on the permissibility of dealing in the stock exchange, provided that it is free from the legal precautions that many stock exchanges permeate , and among these caveats: the lack of reciprocity between the seller and the buyer, as many sales contracts on the stock exchange are not considered a true sale because they are free from the condition of the exchange between the two awards or one of them, as it may sell The buyer shares the shares that he bought before taking possession of them, then buying and selling continues on one share without being owned by the buyer, as the stock market operations permeate other caveats that affect the legitimacy of its dealings, such as the monopoly by a group of speculators, as well as rumors and false news that affect Value stocks, originally to be the officer in determining stock prices of companies supply and demand only. [3]


Ruling on dealing in securities

It is permissible to deal with financial securities and various currencies, provided that the exchange takes place in the council, because delaying the arrest means that there is interest in the transaction, so the Muslim may buy a certain currency in exchange for another currency if the exchange is in the same council, and without delaying the price. [4]

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