Q 1: Is it permissible
to have shares in companies
such as the Sabik Company and Al-Rajhi Banking and Investment Corporation to obtain some of the profit that these companies earn, by giving them a sum of money to invest and receiving some of the profit? Thank you very much.
A:
It is permissible to have shares in companies that deal in what is Halal (lawful) and increase their money and that of their shareholders through lawful investments. It is obligatory upon Muslims to ask about this and be on their guard against any suspicious activity related to these companies. If they find that they just deal in what is Halal, it is permissible to buy shares, otherwise they must be avoided. May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.
Quran
Quran
Quran Reciters
fiqh
Doctrine and Tawhid
Know about Islam
Withdrawing from a p...
