Is it permissible to buy and sell subscription rights for shares in an Islamic bank?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
This transaction is forbidden for two reasons:
1. The subscriber does not own a right that he is permitted to exchange. What he possesses is merely a permission to subscribe, not an ownership of a right.
2. This transaction involves deception and fraud, as the subscription is made in the name of a person who is not the real owner of the shares. This is what the Prophet, peace and blessings be upon him, forbade when he said: "Whoever cheats is not one of us."
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/51453
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 51453
- 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