Is subscribing to shares offered by stock markets permissible or impermissible?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Shares represent a portion of a company's capital and are divided into two types: shares in prohibited institutions or those whose earnings are unlawful, such as usurious banks. These are unlawful based on the Almighty's saying: "And cooperate in righteousness and piety, but do not cooperate in sin and aggression." The second type is shares in permissible institutions, such as legitimate trade and industrial companies. These are permissible, provided there is no harm or excessive ignorance, because their profit comes from lawful earnings.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/32093
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 32093
- 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