I purchased 100 shares from a company that has dealings with breweries and Hustler. Is the money acquired from the sale of such shares Halaal?
Question
The company has dealings in MediaPrinting, publishing Hustler and Scope magazines and also deals with SABreweries.
Answer
It is not permissible to purchase shares in companies which deal in Haraam like the ones mentioned in your query. If such shares had been purchased, they must be disposed of. You can retain for your use the original purchase price from the sale of such shares.
The balance must be distributed to the poor and needy without the intention of gaining reward.
From Al Mahmood 10
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/461
Fatawa SA: https://fatawa.co.za/fatwa/askimam-461
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