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The question

Is it permissible to subscribe to a forbidden company and sell its shares immediately upon their flotation on the market?

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

The ruling on subscribing to shares in companies varies depending on their activity. It is forbidden to subscribe to shares in companies whose core business is unlawful, such as usurious banks. It is permissible to subscribe to shares in companies whose core business is lawful and that do not engage in transactions that violate Islamic law. As for companies whose core business is permissible but that deposit a portion of their funds in usurious banks for interest, the preponderant view is that it is not permissible to participate in them. The intention to sell immediately does not change the ruling, because the shareholder acknowledges the usurious transaction and authorizes the board of directors to engage in this forbidden act.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
67200
Imported
Translation status
Source text, unreviewed
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