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Is it HALAL to plant Shares on SkyWay Transportation Firm ?


Assalamu’alaykum Scholars,

I want to ask. What is the Islamic law of planting shares in Modern Transportation company belonging to non-Muslims like SkyWay even though I have not found any RIBA either in their Agreement or their Clause. I see that all Its share transactions is in HALAL ways including its mechanisms as well. Because the Business Shares are a joint venture-based and I also do not know how they manage their finances whether they save it in Riba Banks or not. No explanation about it neither on their agreement or clauses.

You know that Most of the Russian people are Orthodox Christian and their religion also prohibits RIBA in their Bible

Things you Should know
1. They have their Own Website Provided for its members to make selling and purchasing of Shares
2. on such Site, Members are required to perform Topping Up Balance to be used to pay for Share Purchasing by Payment Method in the form of:
a. Visa and Master Card (Debit or Credit Card)
b. Bitcoin
c. SWIFT Transfer or Bank Transfer

Then is it HALAL for me to plant Shares on that kind of Firm ?

Hope for your explanation


Wa Alaykumussalam

Thank you for your question


Rulings regarding stocks/shares according to Ayatullah al-Udhma Sayyid Ali Sistany’s office:

If the company is dealing and investing in Haram things such as wine or banks investing in Riba then it is Haram to invest.

But if it is not the above scenario then:

  1. If the stock/share market is investing in Halal things and you know their assets =  you are allowed to buy
  2. If you don’t know their assets = Ehtiyate Wajib not to buy

So if you know their assets, it is allowed to buy if they are dealing a Halal business.
Regarding Bitcoin, Sayyid Sistani (d) has no views on it. Hence, you may want to follow the next Marja and see what he has to say.

May Allah(swt) grant you success


Syed Haider