FatwaJohorTransactions & Finance
LANJUTAN FATWA PEMBELIAN DAN PENJUALAN SAHAM
What is the ruling on buying and selling shares according to the Johor fatwa?
Short answer
The Johor Fatwa Committee ruled that the first example of share purchase and sale does not count as a valid sale because it amounts to gambling and deception.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Johor State Mufti Department
- Date
- Status
- Fatwa committee decision
- Series
- Fatwa Negeri Johor
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Johor Fatwa Committee ruled that the first example of share purchase and sale does not count as a valid sale because it amounts to gambling and deception. The second example is permissible on condition that the shares come from a company whose business is permitted by Islamic law. The decision was made on 1 November 1989 and was not gazetted.
Written in our own words from the original fatwa — check the source before acting on it.
Bagi contoh kedua pula hukumnya harus dengan syarat saham itu daripada Syarikat yang menjalankan perniagaan itu di haruskan oleh Syarak.
Read the full fatwa on the Johor website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Johor State Mufti Department. “LANJUTAN FATWA PEMBELIAN DAN PENJUALAN SAHAM”, 1 November 1989. https://said.johor.gov.my/perkhidmatan/paparan_detail_fatwa.php?id=1542. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-buying-selling-shares-johor/