Ruling on trading in Shams stock

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doaausef3li
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Joined: Mon Oct 07, 2024 4:44 pm

Ruling on trading in Shams stock

Post by doaausef3li »

Our Islamic religion urged us to search for legal rulings in every work we undertake in our lives, and many of us have searched for the legal ruling on trading money in Shams Tourism Projects Company, as many residents of the Kingdom of Saudi Arabia are interested in this company because it is considered one of the largest Saudi joint-stock companies.
سهم شمس حلال ام حرام
Many jurists differed on the legal ruling on trading, whether it is forbidden or permissible, but the majority of scholars agreed to permit it, but with several conditions, as the company's current work must be permissible.

If the company's business that will be traded is forbidden or has some suspicion, then trading in it is forbidden, especially if the company has business in the field of weapons or alcohol or its projects are related to usurious business.

Many statements have proven that the fields in which Shams Tourism Projects Company operates are related to halal business and it has not been shown that they have anything to do with forbidden business.

Therefore, investors should look for the activities of the companies in which they will trade their money and have a background in all the businesses they do so that they stay away from anything forbidden, and they should consult jurists in most of the matters they accept to work in so that they can take the fatwa from their people.
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