Practicing Tawarruq sale for the benefit of companies

Q: Please inform me whether it is permissible to buy stocks from a company in cash and sell them to another person for a higher price that is to be paid to me in installments over a period of a year, knowing that the buyer will sell the stocks after receiving them from me for a price that is less than that upon which we agreed.

A: There is no problem with buying or selling stocks as long as the companies that are dealt with do not use Riba (interest), and that they are ownership companies, such as architectural, agricultural or production companies. It is also permissible for the person who buys these stocks to sell them or deal in them without restrictions.May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.