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The question

What is the ruling on buying and trading shares of a telecommunications company whose stock symbol contains the number 700, knowing that scholars have prohibited this number?

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

For the permissibility of dealing in shares with companies, two conditions must be met: that the company's core business activity is Islamically permissible, and that it does not deposit a portion of its shares in interest-based (usurious) banks. As for the number 700, if its use is in the context of a lottery, then it is forbidden (haram), and consequently, it is forbidden to deal with a company that engages in such practices.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
49273
Imported
Translation status
Source text, unreviewed
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