Mufti Saheb as a muslim are we allowed to invest in shares because I read an article of the Majlis Ulema of South Africa wherein they have mention it is not permissible to invest in shares I hope you must have read that article Pls clarify .

10 Feb 2008 · 3 Safar 1429 AH1 min readFatwa 16204English

Question

Mufti Saheb as a muslim are we allowed to invest in shares because I read an article of the Majlis Ulema of South Africa wherein they have mention it is not permissible to invest in shares I hope you must have read that article Pls clarify .

Answer

In the name of Allah, Most Gracious, Most Merciful

Assalaamu `alaykum waRahmatullahi Wabarakatoh

It is our view that it is not permissible to invest in shares. Hereunder is our research on shares.

And Allah knows best

Wassalam

Mufti Ebrahim Desai

Answered by: Mufti Ebrahim Desai

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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/16204
Fatawa SA: https://fatawa.co.za/fatwa/askimam-16204

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