Is it permissible to buy shares from a friend in installments, provided that the shares remain in his portfolio and are sold upon request, with their value transferred to me, and with a purchase price set higher than the original market price?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Purchasing shares in companies is permissible under -compliant conditions, which we have explained in previous fatwas. If these conditions are met by the company, then it is permissible to buy shares from your friend at any price, whether it is above or below the market price. It is also permissible not to transfer the ownership of the shares from your friend's name, as long as you both agree that they have become your property, and your friend manages them on your behalf as an agent.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/72501
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 72501
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy