17-07-2024, 12:32 AM
Ruling on trading Tihama shares
Scholars gathered to determine the legality of investing in private stocks of companies that operate in an activity compatible with Islamic Sharia controls, and whose financial dealings are free of any loans or prohibited transactions with banks.
تحليل سهم تهامة
Therefore, scholars disagreed about the ruling on Tihama shares. There are those who believe that the basic activity of the company is permissible and there is no problem with it. But Sheikh Dr. Al-Osaimi disagreed with them, who believed that the company’s activity was fundamentally impermissible. This is because the company relies on the use of music and other forbidden matters in carrying out its advertising and propaganda activities. Therefore, the ruling on trading Tihama shares according to Sheikh Al-Usaimi is not permissible.
Scholars gathered to determine the legality of investing in private stocks of companies that operate in an activity compatible with Islamic Sharia controls, and whose financial dealings are free of any loans or prohibited transactions with banks.
تحليل سهم تهامة
Therefore, scholars disagreed about the ruling on Tihama shares. There are those who believe that the basic activity of the company is permissible and there is no problem with it. But Sheikh Dr. Al-Osaimi disagreed with them, who believed that the company’s activity was fundamentally impermissible. This is because the company relies on the use of music and other forbidden matters in carrying out its advertising and propaganda activities. Therefore, the ruling on trading Tihama shares according to Sheikh Al-Usaimi is not permissible.