Is it permissible or forbidden to buy shares from the stock market for the required financing amount, then take a paper proving that and present it to the bank for the purchase process to be completed and for the bank to give the customer the amount of money, and for the bank to then dispose of the shares by selling and buying them?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
The information provided in the question is not sufficient to rule on the transaction. However, we have previously issued a regarding the organized Tawarruq (monetization) and its explanation, and it appears that what the questioner is asking about is similar.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/122061
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- Ftawy
- Original fatwa ID
- 122061
- Imported
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