How is the legitimacy of profit determined from selling shares of a financial brokerage company in the stock market, if the sale of shares occurred before the company began its actual operations, knowing that this company deals with various types of companies in its work (some of which are forbidden due to their earnings, some of which invest part of their money in forbidden things, and some of which are permissible)?
If the company's shares are sold after it has commenced its commercial activity, then an amount equivalent to the percentage of the forbidden transaction must be extracted and disposed of by spending it on Muslim welfare. However, if they are sold before it has engaged in any activity, then whatever exceeds the purchase price must be disposed of, because it is liquid capital, and the excess is usury (riba).
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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