11-15-2024, 09:56 PM
Is Bahri stock pure?
There are many questions among investors about the ruling on Bahri stock and the ruling on investing in it, especially with many companies turning to usurious loans to improve their financial situation, which leads to the mixing of companies’ capital and the returns resulting from investing in their stocks becoming impure as they are mixed with usurious interest money, and this is exactly what happened with the Saudi Maritime Transport Company, after Bahri stock was pure, البحري وش يرجع
the stock became mixed as a result of the company’s dealings with banks that rely on interest, and this is the reason for the disagreement between the stock study bodies, as Sheikh Al-Fawzan agreed with Sheikh Al-Assimi that Bahri stock is mixed and it is not permissible to invest in it, while the other bodies agreed that Bahri stock is pure and there is no harm in investing in it with getting rid of the interest rate in Bahri stock’s semi-annual or annual distributions, but according to this disagreement, piety and avoiding suspicion is the best way.
There are many questions among investors about the ruling on Bahri stock and the ruling on investing in it, especially with many companies turning to usurious loans to improve their financial situation, which leads to the mixing of companies’ capital and the returns resulting from investing in their stocks becoming impure as they are mixed with usurious interest money, and this is exactly what happened with the Saudi Maritime Transport Company, after Bahri stock was pure, البحري وش يرجع
the stock became mixed as a result of the company’s dealings with banks that rely on interest, and this is the reason for the disagreement between the stock study bodies, as Sheikh Al-Fawzan agreed with Sheikh Al-Assimi that Bahri stock is mixed and it is not permissible to invest in it, while the other bodies agreed that Bahri stock is pure and there is no harm in investing in it with getting rid of the interest rate in Bahri stock’s semi-annual or annual distributions, but according to this disagreement, piety and avoiding suspicion is the best way.