Taking part in the al-Raajihi national program for buying and selling Saudi shares in by installments
Question

                What is the ruling on the national al-Raajihi bank program for buying and selling Saudi shares by instalments?.
Praise be to Allah.After 
    studying the national program for buying and selling by instalments on the 
    website of the al-Raajihi company, it is clear that it is based on 
    muraabahah in shares, whereby the company (the bank) buys the shares that 
    the customer wants, then sells them to him by instalments, and the customer 
    is free to choose the shares that he wants to buy. 
It says in 
    the advertising: … it gives the customer the opportunity to own shares in 
    the companies that he wants, in the amount he wants, then he pays them off 
    by instalments. 
It is known 
    that some shares are pure (halaal) and some are mixed, and this company 
    deals in both types. What we believe in this site is that it is haraam to 
    deal in mixed shares. 
Based on 
    this, there is nothing wrong with joining the national program for buying 
    and selling shares, so long as one only buys shares in pure companies, not 
    mixed shares. 
There 
    follows a list of the pure shares that exist at present, according to Shaykh 
    Dr. Muhammad ibn Sa’ood al-‘Usaymi: 

    1.al-Raajihi

    2.al-Ghadhaa’iyyah

    3.al-Ta’meer

    4.Naadak

    5.Haa’il al-Zira’iyyah

    6.Tabook al-Zira’iyyah

    7.al-Jawf al-Zira’iyyah

    8.al-Qaseem al-Zira’iyyah

    9.al-Khazaf

    10.al-Jibs

    11.al-Naql al-Jamaa’i

    12.al-Naql al-Barri 
    

    13.Makkah

    14.Teebah

    15.Febco 

    16.al-Sahra’

    17.Isment al-‘Arabiyyah

    18.Ittihaad Ittisaalaat

    19.al-Lajeen

    20.Bank al-Bilaad

    21.al-Ghaaz

    22.al-Maraa’i

    23.al-Mawaashi
It should be 
    noted that this list may be added to, or names may be taken off the list. It 
    is essential to ask about the shares of the company when wanting to purchase 
    them, to find out whether they are pure or not. 
Dr. Muhammad 
    ibn Sa’ood al-‘Usaymi is also quoted as saying:  
As for 
    buying pure shares from al-Raajihi on the basis of paying later on, there is 
    nothing wrong with that. 
And Allaah 
    knows best.