Saturday 22 Rabi‘ at-akhir 1443 - 27 November 2021
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Buying and selling shares through the bank

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Publication : 22-08-2000

Views : 6197

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.

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Source: Sheikh Muhammed Salih Al-Munajjid