Back to search
The question

What is the ruling on dealing in the shares of Alexandria Company for Real Estate Investment and Tourism, buying and selling, on the Cairo Stock Exchange, knowing that it operates in various real estate investment fields and has five subsidiaries working in real estate finance, hotels, and tourism services?

Share this answer

Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

We cannot rule on dealing with the aforementioned company due to insufficient information. However, in general, it is permissible to deal with companies and purchase their shares if they do not engage in forbidden activities, produce or sell forbidden goods, do not deal with usury through banks, and do not have forbidden activities. If any of these conditions are not met, then dealing with the company is forbidden.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Source platform
Ftawy
Original fatwa ID
82527
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy