If someone had bought shares in the cooperative company and wants to get rid of them
Dear Brothers & Sisters,As-Salaamu-Alaikum wa Rahmatullahi wa Barakatuh. (May Allah's Peace, Mercy and Blessings be upon all of you)
If someone had bought shares in the cooperative company and wants to get rid of them, is it permissible for him to sell them to someone else?.
(There may be some grammatical and spelling errors in the above statement. The forum does not change anything from questions, comments and statements received from our readers for circulation in confidentiality.)
Praise be to Allaah.
If he is able to return the shares to the company and take his money, he should do that, because the transaction was invalid, and he should get rid of any money that is more than he paid for them originally.
If he is not able to do that, then some scholars have issued fatwas stating that it is permissible to sell them on the stock market, and to get rid of any extra money so that one will no longer be a partner in the work of this haraam company.
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.