Is it permissible for a person to buy shares in another's name, with the latter receiving a percentage or a specific amount?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to take money merely for giving one's name to participate in a joint-stock company, because this involves deception, and because the Prophet, peace and blessings be upon him, said: "Whoever deceives us is not one of us." However, if the money is for (a partnership in which one partner provides the capital and the other provides the labor) and the profit is shared between you according to the agreement, then there is no objection.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/51746
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 51746
- 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