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The question

Is investing in Sharia-compliant investment funds that deal with Saudi stocks permissible or forbidden, especially if done through interest-based banks?

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

There is no objection to contributing to stock funds in which Islamic banks speculate, provided they adhere to the following Sharia-compliant conditions: that the profit ratio is shared between the two parties, that the capital is not guaranteed, that the company's activities are permissible, and that it does not deposit its money in interest-based banks. However, if interest-based banks are the ones speculating, then one should refer to specialized fatwas regarding the ruling on participating in them.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Source platform
Ftawy
Original fatwa ID
66695
Imported
Translation status
Source text, unreviewed
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