Q 3: I bought some shares from Al-Rajihi Banking Company for Investment (Part No. 14; Page No. 352) and now I want to sell them. The question is: What is the ruling on
purchasing these shares
from this company and what is the ruling on selling them? Is it permissible for me to deal with this company through the previously-mentioned transactions? May Allah reward you with the best.
A:
If the shares are commercial, meaning, they are essentially money used in buying and selling for the purpose of achieving profit, you are not permitted to sell them, because that would be selling money with another sum of money that is not present and unequal. This constitutes both kinds of Riba (usury): Riba Al-Nasi'ah (usury of delay, conditional excess for delay of payment) and Riba Al-Fadl (usury of excess, selling an item for another of the same type, on the spot, but in excess). May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.
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