Assalam alaikum
Does anybody know what the ruling is concerning buying shares in a company?
kh.
I am not pretty sure about the Islamic Ijtihaad on this point. But I think it is OK to buy shares but u buy it with profit and loss basis. I mean you invest your money with the intention that if company is going in profit you get and if it is going in loss you loose and it is OK. You are not getting any interest, which is Riba. Shares are sort of partnership on small level.
Assalam alaikum
Isn't it true that in Islam to buy shares in a company you must have the permission of all other shareholders but I don't think this happens anywhere right now.
what do you think?
kh.