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The question

What is the ruling on subscribing to Ma'aden shares?

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

For it to be permissible to subscribe to any institution, two conditions must be met: its activities must be permissible, and it must not deposit its funds in interest-based banks for the purpose of lending with interest. To ascertain whether these two conditions are met in Ma'aden Company, one must refer to its regulations and statutes, and inquire with its board, if it has one.

Summarized from the full answer at Ftawy · imported

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Ftawy
Original fatwa ID
90952
Imported
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Source text, unreviewed
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