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The question

Is it permissible to invest in a company that cultivates spirulina algae, given that it imports algal starter cultures, and that the partnership involves funding from the investor and management from the company? And does the ruling differ if the starter cultures are purchased with the investor's money after the contract, or if they are already stored by the company?

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

Possession is not a condition for purchasing algae starters with money. It is permissible to buy them at a deferred price or to pay the price in advance with deferred delivery. Possession is only a condition in transactions involving riba an-nasia (usury of delay), such as currency exchange, and the purchase of gold, silver, and food of the same kind. The fact that the company invests money in algae starters or imports with another currency is permissible and poses no problem, as long as the investment itself is permissible.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
185090
Imported
Translation status
Source text, unreviewed
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