Back to search
The question

What is the ruling on subscribing to shares in Kingdom Holding Company?

Share this answer

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

Kingdom Holding Company invests in stocks and has investments in interest-based banks, media companies, and hotel companies, which makes its activities forbidden. Sheikh Muhammad Al-Osaimi confirmed that the company is an investment portfolio with shares in locally and globally listed companies, and includes investments in interest-based banks, media companies that display forbidden content, and hotel investments that do not adhere to Sharia guidelines. Accordingly, it is not permissible to subscribe to it, and knowledge of its activities is sufficient to rule on its prohibition.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Source platform
Ftawy
Original fatwa ID
18088
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy