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+--- Thread: Tihama stock trading pure (/showthread.php?tid=7928)
Tihama stock trading pure - doaausef3li - 06-14-2024
Tihama stock trading pure
Tihama Advertising and Marketing Company is one of the leading Saudi companies in its field. It began its activity in 1974 AD as a limited company. Then its shares were listed on the Saudi stock trading market with the symbol 4070. Although the company’s basic activity does not violate Islamic law and is not flawless. However, the authorities responsible for studying the legality of the stock disagreed about the purity of the Tihama Tadawul stock. One of the five authorities considered that the Tihama stock was trading as a mixed stock. سهم تهامة
This is because the company's financial transactions are mixed with some loans and usurious transactions with banks, and this is what makes the stock not completely pure. Therefore, investors in this stock must get rid of a percentage of the share’s profits by donating it to charitable organizations in order to get rid of the forbidden percentage of these returns.