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The question

What is the ruling on buying and selling electricity shares through Al-Rajhi Bank, knowing that the bank takes fees for this, and given that the buying and selling occur without the purchaser seeing the shares?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

We previously discussed purchasing shares through Al-Rajhi Company and authorizing them for buying and selling. The questioner's statement, "and he deposits the value into my account and takes interest on it," has three possibilities: It could mean the share profits, which is permissible; or the company's commission, which is also permissible; or usurious interest, which is absolutely forbidden, and this is unlikely.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
52103
Imported
Translation status
Source text, unreviewed
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