Is translating news of bank stocks on the stock exchange permissible (halal) or forbidden (haram), knowing that the work is limited to providing information about the bank's position on the stock exchange and does not involve usurious transactions?
Usurious banks are based on the grave sin of usury, which is forbidden, and dealing with it is a war declared by Allah and His Messenger. Announcing the stock prices of these banks or providing a brief overview of them for those who wish to buy them is considered aiding and promoting usury, and an invitation to buy usurious stocks. This is forbidden, based on the Almighty's saying: "And do not cooperate in sin and aggression." Your translation in this context would help those who wish to buy in their purchase. Therefore, your work should be limited to permissible companies, and it is not permissible to aid in dealing with forbidden companies, such as banks, cinema companies, alcohol companies, and the like, or purchasing their stocks, even with a word or a hint.
Summarized from the full answer at Ftawy · imported
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- Source platform
- Ftawy
- Original fatwa ID
- 82022
- Imported
- Translation status
- Source text, unreviewed
- Read the full ruling
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