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The question

Is it permissible for a person to buy shares in another's name, with the latter receiving a percentage or a specific amount?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

It is not permissible to take money merely for giving one's name to participate in a joint-stock company, because this involves deception, and because the Prophet, peace and blessings be upon him, said: "Whoever deceives us is not one of us." However, if the money is for (a partnership in which one partner provides the capital and the other provides the labor) and the profit is shared between you according to the agreement, then there is no objection.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
51746
Imported
Translation status
Source text, unreviewed
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