A friend of mine holds shares in a israeli based company. Could you shed some light on weather this is allowed ?
Question
The company is called GeoInteractive Media. at present the share price has been tumbling due to the conflict in the holy lands. due to this he is reluctant to sell these shares May Allah Subhanahu Wata'ala reward you well for your good work.
Answer
It is permissible to have shares in a non-Muslim (Jewish, etc.) company.
Was salaam
Mufti Ebrahim Desai
- Answered by
- Mufti Ebrahim Desai
Where scholars differ, it’s safer to take the more cautious view.
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/1446
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