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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Buying and selling shares through the bank
Question: 10161
Answer
Praise be to Allah, and peace and blessings be upon the Messenger of Allah and his family.
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.
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Source:
Sheikh Muhammed Salih Al-Munajjid
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