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The question

What is the ruling on subscribing to "Petrochem" after the subscription has already taken place?

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

The question should be asked before acting. We cannot judge the company in question because we have not reviewed its system. Its regulations must be examined to determine the extent of its adherence to guidelines. If the company engages in permissible commercial activity, then it is permissible to subscribe to it and trade its shares, provided that it does not deposit its funds or invest them in usurious banks. Otherwise, it is not permissible to trade its shares, for Allah Almighty says: "And do not cooperate in sin and aggression."

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
101770
Imported
Translation status
Source text, unreviewed
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