Ownership

Ownership is the state or fact of exclusive rights and control over property, which may be an object, land/real estate or intellectual property. Ownership involves multiple rights, collectively referred to as title, which may be separated and held by different parties.

200574

Forex . Gold . Investment . Ownership . Sunni-Shi'a . Fiqh (Jurisprudence)

Is Forex Spot and Gold CFD trading, with no physical ownership or delivery, allowed in Shia Fiqh such as through a non-Muslim broker like Exness?

Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 1 month ago

Physical possession is must in selling according to Shariah. Forex Spot and CFD trading do not have possession so it is not a proper selling and buying according to Shariah, but it looks like commitment to buy or sell based on studying the market. Such commitment is permissible despite it is not a sale transaction in Shariah, nor gambling but just commitment to buy or sell under certain conditions after studying the market's movement.

Wassalam.

142990

Ownership

I found a pen at a railway station where it was impossible to find its owner. Can I use it, or should I do something else with it?

If the pen when you found has specific things which can be announced to inform public, then you try to announce that you found such pen. If there is no specification and you have no hope to reach to its real owner, then you can either use it or give in Charity on behalf of the real owner.

'Wassalam.

79582

Property . Ownership

Is it permissible to purchase a property on a shared ownership basis where the other owner is a housing association?

Yes, it is permissible to purchase a share in a property with any other partner or partners.

Wassalam.