Is investing in investment funds - especially those issued by Islamic banks that avoid investing in companies whose legitimacy is doubtful - permissible or forbidden?
Investing in the stock market is permissible if the investor adheres to guidelines, and there is no difference between speculating personally or by authorizing another party who abides by the guidelines.
Nevertheless, investing in the stock market is generally not recommended due to the abundance of prohibited transactions therein, such as margin buying and short selling, and the difficulty of avoiding them.
However, if it is possible to avoid the prohibitions, the basic principle is permissibility. Therefore, the questioner must verify that the bank adheres to Sharia rulings in its speculation with . If this is confirmed, then there is no objection to purchasing the Sukuk; otherwise, it is not permissible.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/86341
Where this answer came from
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- Ftawy
- Original fatwa ID
- 86341
- 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