Monday 22 Jumada al-akhirah 1446 - 23 December 2024
English

Buying and selling shares through the bank

10161

Publication : 22-08-2000

Views : 7913

Question

He buys shares in companies that deal in permissible things with his own money through the bank. He uses the bank’s facilities and the bank takes a set fee for every share that this man buys or sells – this is in return for using the bank as a middleman and using the bank’s facilities. What is the ruling?

Answer

Praise be to Allah.

We put this question to Shaykh Muhammad ibn Saalih al-‘Uthaymeen, may Allaah preserve him, who answered as follows:

It is permissible to pay that as a fee.

Was this answer helpful?

Source: Sheikh Muhammed Salih Al-Munajjid