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The question

What is the ruling on buying Al-Rajhi shares and then selling them to a third party with payment made in installments with an increase?

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

If you buy shares in installments and sell them for cash, this transaction is known as Tawarruq. It is a condition for the permissibility of dealing in shares that the company's field of work be permissible, and that it does not invest any part of the shareholders' money in usurious banks. Regarding Al-Rajhi shares, the scholars of the Kingdom should be asked about them.

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
57948
Imported
Translation status
Source text, unreviewed
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