Friday 7 Ṣafar 1442 - 25 September 2020

Buying and selling shares through the bank


Publication : 22-08-2000

Views : 5721


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?


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.

Source: Sheikh Muhammed Salih Al-Munajjid