Darul Iftaa Camperdown (Madrasah In'aamiyyah)

Can one invest in Phutuma Nathi shares?

· 20 Safar 1443 AH1 min readEnglish

Question

Assalaamualikum Mufti Sahib

Can one invest in Phutuma Nathi shares?

Answer

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

As-Salāmu ‘Alaykum Wa-Rahmatullāhi Wa-Barakātuh.

In principle, a person will be allowed to invest in any company that adheres to the laws of Shariah.

Based on the information provided by Phutuma Nathi, the income received is from the company Multichoice. Multichoice is a company that provides video entertainment to people and this is deemed haram. Therefore it will not be permissible to invest in Phutuma Nathi shares.

And Allah Ta’ala Knows Best.

References (Arabic / Urdu sources)

[1]

AAOIFA, Shariah Standards (2015) pg:562-568

Introduction to Islamic Finance pg207

المعايير الشرعية Page 363-364

Answered by
Mohammad Peer, Student Darul Iftaa, Harrismith, South Africa
Checked & approved by
Mufti Muhammad Zakariyya Desai.
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