What is the ruling on investing in Saudi companies for which no fatwa has been issued permitting investment in them, or whose funds are संदिग्ध, with the intention of paying off an accumulated debt exceeding 80,000 Saudi riyals, provided that the shares are sold immediately upon their value increasing and the debt is paid off directly with the proceeds?
For a company's shares to be permissible for subscription, two conditions must be met: that the company's business activities are Islamically permissible, and that it does not engage in forbidden transactions. If these conditions are met, then subscribing to shares and selling them for a profit is permissible, provided that the company has assets and commercial activities. It is not permissible to subscribe to companies that are Islamically forbidden under the pretext of needing money to pay off debt, for Allah's sustenance is not sought through disobeying Him. Moreover, a person in hardship is not required to pay off debt until their situation eases, as Allah Almighty says: "And if there is any debtor in difficulty, then grant him a respite till the time of ease" (Al-Baqarah: 280).
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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