Darul Iftaa Mahmudiyyah

Is it halal to invest in medicinal marijuana?

Published as Medicial Marijuana

· 18 Safar 1444 AH1 min readFatwa 47649English

Question

Assalam O Alaikum,

I previously sent an email regarding an inquiry about investing in Medicial Marijuana. But I have still not received a response. So I am posting the question again.

My friend invest in some medicinal marijuana stocks. But I would like to know what is the islamic ruling on investing in medicinal marijuana? Is it halal to invest in medicinal marijuana?

please email me with a response to my inquiry as soon as possible.

Thank you and I await your response.

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

1. If a company is involved in research and development for the treatment of certain health conditions through medicinal marijuana, then it will be permissible to invest in such a company subject to the conditions outlined in the following link: http://askimam.org/public/question_detail/46129

2. It is not permissible to invest in recreational cannabis companies that cater to products that don't serve medical purposes.

And Allah Ta’āla Knows Best

Checked and Approved by,

Mufti Ebrahim Desai.

(2021-04-27)

References (Arabic / Urdu sources)

فتاویٰ دار العلوم زکریا ٥/٨٦

فتاویٰ محمودیہ:٢٤/١١٤

Checked & approved by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/47649
Fatawa SA: https://fatawa.co.za/fatwa/askimam-47649

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