What is the ruling on buying and selling shares in real estate companies that build hotels, entertainment venues, and nightclubs?

It is impermissible to purchase shares in real estate companies that construct prohibited establishments such as nightclubs, discos, hotels that include such facilities, usurious banks, or gambling halls. The operators of the company act as agents for the shareholders, and thus the shareholder incurs the sin of the prohibited transactions undertaken by their agents. Allah Almighty says: ﴿And cooperate in righteousness and piety, but do not cooperate in sin and aggression. And fear Allah; indeed, Allah is severe in penalty.﴾ Resolutions have been issued by the Islamic Fiqh Academy and the Islamic Fiqh Council of the Muslim World League, emphasizing the impermissibility of investing in companies whose primary purpose is prohibited, or those that deal with usury and other forbidden things, even if their primary activities are legitimate.