Am I allowed to invest in defense stocks of ANY country?
Question
E.g. companies in USA: Lockheed-Martin. General Dynamics. Northrop Grumman. L-3 Communications. Raytheon. Alliant Techsystems: One of the U.S. military's top makers of bullets, gunpowder, bombs and rocket-propulsion systems
Answer
It is not permissible for a Muslim to invest in any defense stock market.
and Allah Ta'ala Knows Best
Mufti Ebrahim Desai
FATWA DEPT.
- 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/4114
Fatawa SA: https://fatawa.co.za/fatwa/askimam-4114
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