Back to search
The question

What is the ruling on dealing in the stock market by buying and selling shares of Egypt Free Markets Company, which deals in alcohol? And what should be done with the money resulting from selling these shares if dealing in them is unlawful? And is it permissible to give it to one's children or use it to relieve hardships?

Share this answer

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

It is not permissible to buy shares in institutions that trade in intoxicants (khamr) or other unlawful things. Whoever has done so must dispose of them and spend the proceeds from the sale of the intoxicants on the general welfare of the Muslims, or on the owner if he is in hardship, or on his poor children. Otherwise, it should be given to the poor and needy with the intention of ridding oneself of unlawful wealth, not as charity, though she (the owner) will be rewarded for her good intention. If you do not know the amount of the illicit gain, then act upon what you predominantly believe will clear your conscience.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Source platform
Ftawy
Original fatwa ID
98596
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy