{"id":3689,"date":"2016-10-29T23:26:25","date_gmt":"2016-10-30T03:26:25","guid":{"rendered":"https:\/\/darussaafi.com\/?p=3689"},"modified":"2016-10-29T23:26:25","modified_gmt":"2016-10-30T03:26:25","slug":"the-ruling-on-buyingselling-stocksshare-shaikh-sulaymaan-ar-ruhayli","status":"publish","type":"post","link":"https:\/\/darussaafi.com\/?p=3689","title":{"rendered":"The Ruling on Buying\/selling Stocks\/Share &#8211; Shaikh Sulaymaan ar-Ruhayli"},"content":{"rendered":"<div class=\"pf-content\"><p><strong>Question<\/strong>: May Allah be good to you. We want an elaboration on the ruling of doing business with stocks\/shares?<\/p>\n<p><strong>Answer<\/strong>: &#8220;The contemporary Scholars differed on stocks\/shares: is it allowed to sell it and purchase it?<\/p>\n<p>Some of the People of knowledge took the opinion that selling stocks\/shares is haram. They said: it does not have a reality and they are only papers which do not have a benefit for which they can be\u00a0sold or purchase.<\/p>\n<p>The majority of the contemporary jurists took the opinion, and this is the correct statement, that selling stocks\/shares is permissible if the Legislated conditions are met because shares\/stocks are an expression for a well-known portion of a well-known company that is present in the market. It is not an imagination. The company has principle wealth and it has work, and it has a value in the market in accordance to its strength and its profits. Following this, the conditions of buying\/selling are fulfilled [in such transaction]. And this is correct.<\/p>\n<p>However, it is obligatory that the stocks\/shares which are sold and bought are permissible.<\/p>\n<p>As for the companies which are impermissible, then it is not permissible to buy its stocks\/shares nor sell them. Like usurious banks, for example. If you buy it, then you are a partner with the usurious bank and a partner in usury; refuge in Allah is sought. Likewise the commercial insurance companies.<\/p>\n<p>Also the ambiguous stocks\/shares in which the work of the company is halal except that the administration accepts haram financing. This financing is not present in its original structure\/system. However, the administration takes a usurious loan. The stocks\/shares in this company is a mixed and ambiguous. What is best is to leave it and avoid it. This is the conclusion in regards to that which is associated with stocks\/shares&#8221;.<\/p>\n<p>[Sharh Kitab at-Tawheed tape no. 30, question no. 4]<\/p>\n<p>Translated by<\/p>\n<p>Faisal Ibn Abdul Qaadir Ibn Hassan<br \/>\nAbu Sulaymaan<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Question: May Allah be good to you. We want an elaboration on the ruling of doing business with stocks\/shares? Answer: &#8220;The contemporary Scholars differed on stocks\/shares: is it allowed to sell it and purchase it? Some of the People of knowledge took the opinion that selling stocks\/shares is haram. They said: it does not have [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/darussaafi.com\/index.php?rest_route=\/wp\/v2\/posts\/3689"}],"collection":[{"href":"https:\/\/darussaafi.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/darussaafi.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/darussaafi.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/darussaafi.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3689"}],"version-history":[{"count":1,"href":"https:\/\/darussaafi.com\/index.php?rest_route=\/wp\/v2\/posts\/3689\/revisions"}],"predecessor-version":[{"id":3690,"href":"https:\/\/darussaafi.com\/index.php?rest_route=\/wp\/v2\/posts\/3689\/revisions\/3690"}],"wp:attachment":[{"href":"https:\/\/darussaafi.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/darussaafi.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/darussaafi.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}