What is the ruling on speculation in the Saudi stock market by buying when prices fall and selling when they rise? And what are the companies, other than usurious banks, whose shares are permissible to buy, knowing that their activity is not among the prohibited activities, but they have usurious loans or impermissible investments?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to speculate in stocks, provided that the necessary conditions for the permissibility of speculation and the permissibility of dealing in stocks are met. However, it is not permissible to deal in the shares of companies that engage in usurious loans or impermissible investments, due to the Almighty's saying: "And do not cooperate in sin and aggression."
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/61084
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 61084
- 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