Is promoting an online oil stock exchange trading company permissible, and what is the ruling on the money earned from it, given that the company claims to operate in an Islamic manner and does not disclose trading details until after registration?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the company adheres to controls in trading oil on the stock exchange, then there is no harm in promoting it. Otherwise, it is not permissible, because it involves assisting in sin, and merely advising people to refer to Sharia fatwas does not absolve one of sin. The profits gained must be disposed of, in proportion to the forms of prohibited trading they contain.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/154893
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 154893
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy