What is the ruling on subscribing to shares in Kingdom Holding Company?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
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 Ftawyhttps://ftawy.com/en/questions/18088
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- Original fatwa ID
- 18088
- Imported
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