What is the ruling on selling poultry feed at the future stock exchange price with an upfront payment and later delivery, with the client specifying the pricing day, or selling at a pre-determined price with the full amount paid in advance?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
For a sale to be valid, the price must be known. Therefore, it is not permissible to link it to a future stock market price, due to the ambiguity of the price. The Messenger of Allah, peace and blessings be upon him, forbade sales involving (excessive uncertainty). However, determining the price at the time of the contract is a valid form. The aforementioned transaction falls under the contract of Istisna’ (manufacturing contract), and many scholars have permitted the price therein to be deferred or paid in installments.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/19028
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- Ftawy
- Original fatwa ID
- 19028
- 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