Is it permissible to sell shares of Al-Moosat Medical Company on the Saudi Stock Exchange (Tadawul) to avoid their unlawfulness (haram) or being mixed? And what should I do if that is not permissible?
It is not possible to rule on the shares of this company without examining its activities and financial statements, because a judgment on something is based on its conception. Sharia guidelines must be adhered to when purchasing shares in any company.
Many companies listed on the stock exchange do not comply with Sharia rulings, so it is not permissible to invest in any company until the nature of its activities is known or specialized scholars are consulted about it, as it may be involved in prohibited matters.
If the shares are permissible, there is no harm in selling them and benefiting from their price. However, if they contain a percentage of what is unlawful or are predominantly unlawful, they must be disposed of in accordance with Fatwa No. 60313.
It is advisable to consult the scholars in your country who are knowledgeable about companies listed on the Saudi market and their transactions.
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