What is the ruling on buying and selling American and foreign stocks, as well as Saudi stocks (especially SABIC and STC), taking into consideration the established Shariah controls? And what should be done if it becomes clear that this transaction is impermissible?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Online stock trading is fraught with risks, and one should avoid it and seek another means of earning a livelihood. The ruling on the companies SABIC and STC is left to the inquirer after reviewing the general guidelines for stock trading mentioned in fatwas numbered: 34770, 39399, 31570, as it is difficult to rule on each company in detail.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/57163
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 57163
- 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