Is the process of purchasing shares through an Islamic bank and speculating with them—in the shares of companies that have been deemed permissible for speculation—after the bank delivers a letter to the brokerage firm to buy these shares, a permissible act?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
There is no objection to dealing with -compliant Islamic banks, nor to purchasing something from them and then being referred to an entity that deals with Sharia-compliant transactions to receive it. One can also consult the Sharia committees of Islamic banks for detailed information.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/82545
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 82545
- 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