What is the ruling on paying a monthly sum to a local company that invests it in permissible global company shares, in exchange for receiving a sum of money later, with the aim of hedging against inflation?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to invest in companies on the condition that the money is invested in activities that are not forbidden (), and that the capital is not guaranteed, meaning that the share is subject to profit and loss. It is also a condition to specify the percentage of profits at the time of contracting, such as 12% of the company's profits. However, specifying the profit beforehand based on the paid-in capital, such as telling you 12% in addition to what you paid, this is a usurious loan contract and it is not permissible to enter into it.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/36550
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- Ftawy
- Original fatwa ID
- 36550
- 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