Buying and selling shares through the bank
Dear Brothers & Sisters,As-Salaamu-Alaikum wa Rahmatullahi wa Barakatuh. (May Allah's Peace, Mercy and Blessings be upon all of you)
One of our brothers/sisters has asked this 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?
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Answer:
Praise be to Allaah.
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.
Whatever written of Truth and benefit is only due to Allah's Assistance and Guidance, and whatever of error is of me. Allah Alone Knows Best and He is the Only Source of Strength.
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