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Good pure stock - doaausef3li - 06-29-2024
Since Taiba Investment Company listed its shares on the Saudi Stock Exchange, Taiba shares have been classified as pure stocks, because Taiba Company is primarily active in the field of real estate investment and building contracting, and this activity does not conflict in any way with Islamic Sharia.
سعر سهم طيبة
Since its establishment, the company's management has been keen not to deal with any loans from usurious banks. His financial dealings do not include any usurious interest, and the company's management has made this clear more than once. The company's internal regulations require that its financial transactions not include any form that contravenes Islamic law.
This was followed up by His Eminence Sheikh Mohammed bin Saud Al-Usaimi, who is responsible for determining the legitimacy of shares in Saudi companies. He personally reviewed the company’s financial statements and made sure that there was an account separate from the company’s financial accounts and outside its financial position. This account includes any usurious interest that the company may have obtained as a result of depositing funds. Shareholders in temporary deposits at the beginning of the company’s establishment. Taiba’s management decided to put these funds in a separate account and put them in Islamic Murabaha. He did not want to receive his share of it or spend it in charitable banks, and these funds do not enter the company’s revenues in any way. Therefore, Taiba is a halal share, with permission. God.